The Income Tax Department is expected to release updated Income Tax Return (ITR) forms for the financial year 2025–26 in the coming weeks. This move comes ahead of the implementation of the new Income ...

The Central Board of Direct Taxes (CBDT) has recently introduced the draft Income-tax Rules, 2026, in alignment with the Income-tax Act, 2025, which will come into effect on 1 April 2026. The draft ...

New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted ...

The Schedule 1-A does not differ from the draft version issued last year, but instructions for Form 1040 provide details and ...

ITAT Delhi held that a trust registered under Section 10(23C)(iv) was required to file Form 10BB instead of Form 10B. The Tribunal restored exemption after finding that denial by CPC under Section 143 ...

The government has come out with draft income tax forms that seek disclosure of tenant-landlord relationship for claiming I-T ...

The Court held that rejection of condonation for a 50-day delay in filing Form 10B was improper when genuine hardship was demonstrated. It directed authorities to treat the audit report as filed ...

Washington Gov. Bob Ferguson may be satisfied with the House of Representatives’ latest version of an income tax bill – so much so that he said he will sign it if it passes the ...

Under the new Form 124, the assessee will also have to indicate the relationship with the landlord for claiming tax deduction.

Filing in Indiana for 2025? See what income counts, which deductions apply and how Hoosier‑specific credits can lower your tax bill.

Placing an investment account in a trust can help manage assets and streamline inheritance, but it also introduces specific ...

The government has come out with draft income tax forms that seek disclosure of tenant-landlord relationship for claiming I-T ...