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CBDT NOTIFICATION
CBDT issues new clarification on BSNL-MTNL VRS-2019 compensation: Will it affect retirees' income tax benefits?The CBDT issued a notification clarifying that ex-gratia compensation for BSNL and MTNL VRS-2019 is not retrenchment compensation. This com...
Money changes from November 1, 2026: Revised PNB credit card charges, increased Indusind Bank fees and ITR deadline; know key changesEffective November 1, 2026, IndusInd Bank will roll out new fees for any failed savings account transactions. Concurrently, Punjab National...
Income Tax Rules 2026: CBDT notifies Form 173A to claim exemption on interest, capital gains from government securitiesIn a significant update, the Central Board of Direct Taxes has rolled out Form 173A, effective from October 19, 2026, under the Income-tax ...
CBDT mandates new disclosures for tax-free gains on govt securitiesThe Central Board of Direct Taxes has introduced new disclosure requirements for taxpayers claiming exemptions. Taxpayers will need to prov...
CBDT makes Form 173A mandatory to claim tax exemption on interest and gains from government securitiesThe Central Board of Direct Taxes has introduced Form 173A for income-tax exemption claims. This new form includes detailed information to ...
Maharajah Bonds gain investor appeal with TDS exemptionIn a notification dated October 19, the Central Board of Direct Taxes (CBDT) said no tax would be deducted at source on interest paid to el...
CBDT exempts interest payments on rupee-denominated bonds issued by New Development Bank from TDSThe exemption applies to holders of Maharajah INR Bonds who are Indian residents or foreign institutional investors, for the 2026-27 tax ye...
Global investors against use of judicial anti-avoidance rule by tax officialsInternational investors have raised concerns regarding the Indian Income-tax authorities' invocation of the judicial anti-avoidance rule. A...
Revised Form 161: How taxpayers can seek penalty waiver and avoid litigation
Good news: If penalty is imposed for misreporting of income or other cases you can apply for waiver of penalty using revised Form 161; Check the detailsOn October 8, 2026, the Central Board of Direct Taxes introduced a revised Form 161 for taxpayers. This new form allows eligible individual...
Good news: Property purchase from NRIs gets easier as govt amends Form 141; check how it helpsFrom October 1, 2026, Indian property buyers can buy properties from non-residents without getting a TAN. Instead a new system has been lau...
- Income Tax Rules 2026 amended: CBDT revises Form 169, Form 171; extends these deadlines
The Central Board of Direct Taxes has rolled out significant amendments to income tax regulations for 2026, particularly affecting electron...
CBDT removes arrest-related provisions under Rule 225; valuers face tighter disclosure norms as registration deadline extendedIncome tax recovery no longer includes arrest or prison detention. Other recovery methods like property attachment remain available to auth...
Taxman's JAARing move opens fresh debate over Mauritius treatyThe recent invocation of JAAR, a GAAR-type tool in the armoury of the taxman, in a certain case has stunned many. Even though technically t...
Your PAN Card may become inoperative from this date! CBDT issues new PAN-Aadhaar linking deadline: Check nowPAN-Aadhaar deadline for these PAN holders: The Income Tax Department has issued a new notification on PAN-Aadhaar linking for certain PAN ...
CBDT notifies enhanced leave salary encashment limit for non-government employeesThe CBDT’s notification aims to implement the Budget 2023 proposal that promised to increase the income tax exemption limit on earned leave...
How capital gains on Ulips will be calculated: CBDT notificationEarlier any gains made on ULIPs were completely tax free, however, after the Budget 2021 proposal the maturity amount remains tax free only...
No respite from Angel Tax despite DPIIT notificationStartups complain that little work has been done on the ground to bring them relief from the so-called ‘Angel Tax’ demon.
Startups facing angel tax notices may get relief this weekCBDT plans to write to principal commissioners asking them to go after investors rather than startups in cases where the source of funding ...
Genuine transactions won't get caught in tax tangleCentral Board of Direct Taxes notifies rules for levy of capital gains tax on certain equity investments where no Securities Transaction Ta...