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Income Tax rules

Savings Bank Accounts Under New Income Tax Rules 2026: Annual Limits Replace Daily Caps

India’s financial compliance area is undergoing a major reset. With the Income Tax Act, 2025 and the Draft Income Tax Rules, 2026, effective from...

Income Tax Form 143 Replaces Form 27EQ: New Quarterly TCS Form Explained

Income Tax Forms 138 & 140 Replace 24Q & 26Q: New TDS Reporting Rules for Salary and Non-Salary...

CBDT Notifies New ITR-3 Form for Business and Professional Income for AY 2026-27 [Read...

New Income Tax Form 32: Audit Reports for Deductions Under Income-tax Act, 2025, A Comprehensive...

CBDT Notifies Revised ITR-7 for AY 2026–27

The Central Board of Direct Taxes (CBDT), under the Department of Revenue of the Ministry of Finance, has notified the revised Form ITR-7 pursuant to Rule 12 of the Income-tax Rules, 1962, through ...

Rule 9 of Income-tax Rules, 2026: A Structured Framework for Estimating Non-Resident Income

The Income-tax Rules, 2026, introduce Rule 9, a landmark provision that formalizes how the Indian tax department may estimate the taxable income of non-residents. Rule 9 of the Draft Income-tax...

Income Tax Rule Change: Disclosure Now Mandatory for HRA Claims on Rent Paid to Father

From April 1, 2026, there is an important change in Income Tax rules related toHouse Rent Allowance (HRA). Many salaried people used to claim HRA by paying rent to their parents, especially their...

Income-tax Rules 2026: New Framework for Registered Valuers under Section 514 Introduced

The valuation profession in India is entering a new era. With the Government’s notification introducing a framework for “Registered Valuers” under Section 514 of the Income-tax Rules, 2026, the way...

Income Tax Practitioner Registration: Know Form, Eligibility and Procedure Under New 2026 Tax Rules

The Section 515 of the Income-tax Act, 2025 has included a proper mechanism for recognising professionals as Authorised Income-tax Practitioners (ITPs). The new income tax rules, 2026 provided Form...

What Is Form 128? A Complete Guide Under the New Income Tax Rules, 2026

The new income tax Form 128, introduced through Income Tax Rules, 2026 corresponding to the old Form 13 for the purpose to apply for a certificate authorizing the payer to deduct tax at a lower or...

CBDT Notifies Income Tax Rules, 2026 [Read Notification]

The Central Board of Direct Taxes, using its powers under the Income-tax Act, 2025, has introduced the Income-tax Rules, 2026, which will come into effect from 1 April 2026. The new rules provide a...