Category Income Tax Updates

The Income Tax Act, 2025 came into effect from 1 April 2026, introducing a simplified statutory framework and revised forms for taxpayers, deductors, businesses and professionals. The transition affects the form numbers and procedures used for Tax Year 2026–27 onwards.…

The Income Tax Department announced on 30 June 2026 that the second set of statutory forms prescribed under the Income Tax Rules, 2026 has been made available on the e-Filing portal. What Has Changed? Thirteen additional statutory forms, including quarterly…