Clipped from: https://www.businesstoday.in/personal-finance/tax/story/tax-alert-may-2026-deadlines-for-tds-tcs-certificates-and-filings-529941-2026-05-06 May 2026 brings a packed schedule of tax compliance deadlines for taxpayers and businesses across India. From TDS/TCS deposits to certificates and statutory
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Same property, different tax Bills: Why an NRI brother paid Rs 5.25 lakh, resident paid Rs 0 tax – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/same-property-different-tax-bills-why-an-nri-brother-paid-rs-5-25-lakh-resident-paid-rs-0-tax-530651-2026-05-09 Two brothers sold the same inherited property for the same price, but their tax bills turned out completely different because one was an
BT Explainer: ITR filing rules 2026 Are super senior citizens exempt from filing income tax returns? – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/bt-explainer-itr-filing-rules-2026-are-super-senior-citizens-exempt-from-filing-income-tax-returns-530670-2026-05-10 The Income Tax Department offers special relief to certain senior and super senior citizens from filing Income Tax Returns under Section 194P. However,
BT Explainer: Income Tax Rules AY 2026 27 decoded Key PAN limits, deductions, TDS rules, penalties you should note – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/bt-explainer-income-tax-rules-ay-2026-27-decoded-key-pan-limits-deductions-tds-rules-penalties-you-should-note-530659-2026-05-10 The Income-Tax framework for AY 2026-27 includes important rules on PAN-linked transactions, tax deductions, TDS thresholds and penalties that taxpayers should track carefully.
New Income Tax Act 2025 explained: 12 key tax forms changing from April 1, 2026 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/new-income-tax-act-2025-explained-12-key-tax-forms-changing-from-april-1-2026-530661-2026-05-10 The new Income-tax Act, 2025, will overhaul several commonly used tax forms from April 1, 2026, replacing old formats with new form numbers
‘Tax audit is a penalty for…’: Financial advisor says cash heavy businesses face greater risk in 2026 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/tax-audit-is-a-penalty-for-financial-advisor-says-cash-heavy-businesses-face-greater-risk-in-2026-530718-2026-05-11 Under Section 44AB of the Income Tax Act, businesses are generally required to undergo a tax audit if turnover exceeds ₹1 crore. However,
AI disruption, work pressure pushing BFSI employees towards exit, says report – BusinessToday
Clipped from: https://www.businesstoday.in/industry/banks/story/ai-disruption-work-pressure-pushing-bfsi-employees-towards-exit-says-report-530668-2026-05-09 The report, titled “People Reality in BFSI – Three Workforce Imperatives,” said the sector is undergoing a major workforce transition as companies accelerate
ITR filing AY 2026-27: Big changes in ITR-1, ITR-2, ITR-3 and ITR-4 you must know – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/itr-filing-ay-2026-27-big-changes-in-itr-1-itr-2-itr-3-and-itr-4-you-must-know/4237869/ Here is a quick summary of the key changes for ITR 1, 2, 3 and 4 under the new Income Tax Rules 2026,
Four day work-week with three days rest? New labour code rules gives this format as an option to employers; Know its conditions for employees – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/four-day-work-week-with-three-days-rest-new-labour-code-rules-gives-this-format-as-an-option-to-employers-know-its-conditions-for-employees/articleshow/131013892.cms ET Online4 day work-week with 3 days rest? New labour code gives this format as an option to employers; Know its conditions for
Tax Query: Tax on NPS Corpus Withdrawn – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-tax-on-nps-corpus-withdrawn/article70956580.ece The entire taxable portion is treated as “Income from Other Sources” and taxed at the applicable slab rates Under the non-government NPS rules,
CBDT mulls inclusion of lower value account, pre-filling alerts on e-portal for foreign assets and income discloser – The HinduBusinessLine
lipped from: https://www.thehindubusinessline.com/economy/cbdt-mulls-inclusion-of-lower-value-account-pre-filling-alerts-on-e-portal-for-foreign-assets-and-income-discloser/article70962189.ece CBDT plans to expand foreign asset disclosure measures, including lower value accounts and pre-filling alerts on its e-portal CBDT enhances foreign asset disclosure
Central labour rules notified: What the new framework means for industry
Clipped from: https://www.business-standard.com/economy/news/central-labour-rules-notified-what-the-new-framework-means-for-industry-126051000503_1.html Final Central Rules under the four labour codes shift India’s labour reforms from policy to implementation, putting immediate compliance focus on employers Representative
Centre notifies rules for four labour codes: Overtime at double rate, mandatory health checks kick in – Business News | The Financial Express
Clipped from: https://www.financialexpress.com/business/news/centre-notifies-rules-for-four-labour-codes-overtime-at-double-rate-mandatory-health-checks-kick-in/4236531/ The Indian government has officially notified the final rules for the four labor codes—Wages, Industrial Relations, Social Security, and OSH—effective May 8, 2026.
Lady took loan for investment into venture capital fund, claimed Rs 1.49 crore interest deduction, was denied by I-T dept; ITAT allows it in a landmark ruling – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/lady-took-loan-for-investment-into-venture-capital-fund-claimed-rs-1-49-crore-interest-deduction-was-denied-by-i-t-dept-itat-allows-it-in-a-landmark-ruling/articleshow/130956942.cms ET OnlineLady took loan to invest in venture capital funds (VCF) and claimed Rs 1.49 crore as interest deduction on this loan; tax
