Category: Income Tax

Clipped from: https://economictimes.indiatimes.com/wealth/tax/filing-itr-just-got-easier-this-new-ai-chatbot-helps-with-income-tax-queries-forms-and-rules-check-details/articleshow/130138268.cms For the average person, who doesn’t deal with taxes often, filing income tax returns can seem pretty confusing and time-consuming, especially with the

Clipped from: https://economictimes.indiatimes.com/wealth/tax/4-new-pan-card-forms-in-fy26-27-which-form-to-use-93-94-95-or-96-old-vs-new/articleshow/130107324.cms PAN New forms Many taxpayers applying for a Permanent Account Number (PAN) from April 1, 2026, must have noticed an important change, there

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-filing-rules-revamped-from-april-1-deadlines-pan-itr-u-changes-explained-524440-2026-04-07 With the rollout of the Income Tax Act, 2025 and new compliance rules, key changes have been introduced to ITR deadlines, along with

Clipped from: https://www.financialexpress.com/life/technology-itr-2026-27-what-is-kar-saathi-ai-chatbot-and-how-you-can-use-it-for-filing-taxes-this-year-4198702/ The AI chatbot uses advanced natural language processing to deliver accurate, context-aware responses, making it especially helpful for first-time filers and salaried individuals. 

Clipped from: https://www.financialexpress.com/money/income-tax-old-vs-new-tax-regime-which-one-actually-helps-you-build-wealth-4196867/ Choosing between the old and new tax regimes is no longer just about saving tax. Your decision directly impacts how much you invest,

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/form-121-and-uin-the-future-of-tax-compliance-for-seniors-explained-524066-2026-04-06 If you are a senior citizen earning interest from fixed deposits, a key tax rule has changed from April 2026. Form 15H has

Clipped from: https://www.business-standard.com/finance/personal-finance/send-or-receive-money-abroad-new-tax-rules-will-change-your-paperwork-126040300184_1.html The Central Board of Direct Taxes (‘CBDT’) has notified the Income-tax Rules, 2026 (‘Rules 2026’) along with the Forms, for the Income-tax Act,

Clipped from: https://www.financialexpress.com/money/oracle-layoffs-how-severance-pay-of-employees-will-be-taxed-key-rules-exemptions-4194297/ Oracle layoffs have brought severance pay and its tax treatment into focus. From salary components to exemptions and relief under Section 89(1), here’s

Clipped from: https://www.financialexpress.com/money/your-money-disclose-relationship-with-landlord-to-claim-hra-4194614/ The Income Tax Rules 2026 expand the 50% HRA exemption to four new cities—Bengaluru, Hyderabad, Pune, and Ahmedabad—aligning them with traditional metros. The

Clipped from: https://economictimes.indiatimes.com/wealth/tax/form-121-replaces-form-15g-15h-for-tds-filing-check-who-should-file-purpose-and-key-details-explained/articleshow/130016169.cms Form 121 for TDS: What it means for taxpayers To make the process simpler and more streamlined for individuals and senior citizens, the government

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/got-an-income-tax-notice-what-you-must-check-before-trusting-any-tax-notice-524002-2026-04-04 The 2026 circular retains DIN as mandatory for most tax communications but allows greater flexibility in how it is referenced, including via email

Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-changes-from-april-2026-5-key-updates-for-tax-year-202627-explained/articleshow/130014656.cms Starting April 1, 2026, the Income Tax Act, 2025 and Income Tax Rules, 2026 apply to all taxpayers. But, with these new regulations, there are

lipped from: https://www.taxscan.in/top-stories/itat-invalidates-reopening-based-on-audit-objection-as-change-of-opinion-upholds-deletion-of-660-cr-interest-disallowance-us-36-1444514 ITAT quashed audit-based reassessment and deleted₹6.60 crore interest disallowance The Income Tax AppellateTribunal (ITAT) Pune Bench has held that reassessment proceedings initiated on the sole

Clipped from: https://www.business-standard.com/finance/personal-finance/form-130-replaces-form-16-experts-explain-what-s-changing-in-tax-year-126040301114_1.html New document become the statutory tax deduction certificate, introducing a three-part structure and shifting reporting from the ‘assessment year’ to a ‘tax year’

Clipped from: https://www.financialexpress.com/money/your-money-disclose-relationship-with-landlord-to-claim-hra-4194614/ The Income Tax Rules 2026 expand the 50% HRA exemption to four new cities—Bengaluru, Hyderabad, Pune, and Ahmedabad—aligning them with traditional metros. HRA

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/cbdt-releases-itr-forms-for-ay-2026-27-check-key-changes-for-return-filing-523394-2026-03-31 ITR-1 can now be used to report income from up to two house properties. Earlier, taxpayers with more than one property had to

Kar Saathi will function as an intelligent virtual assistant, enabling taxpayers to understand rules, file returns, and resolve queries without relying heavily on intermediaries. The