From April 1, 2026, a host of income tax changes will come into effect under the new Income Tax Act, 2025. Among these, the introduction of Form 121 stands out as a key reform for senior citizens, ...
New income tax reforms has taken effect on April 1, 2026. The Income Tax Department has introduced sweepingchanges to the ...
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No More ITR Hassles for TDS Refund: New Form to Replace Income Tax Return for Low-Income Earners
In a significant move aimed at simplifying the income tax filing process for low-income individuals, the Indian government is proposing a major relief in the Income Tax Bill 2025. As per the proposal, ...
Income-tax compliance calendar for May 2026 (As per ITA 1961 read with the IT Rules, 1962 for FY 25-26). The Income-tax Act, 2025 (ITA 2025) has been notified and made applicable with effect from 1 ...
For now, there is no change in the mode of TDS payment. The resident buyer is required to mandatorily obtain and use a TAN for depositing TDS until September 30, 2026. The relaxation allowing ...
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. TDS means tax deducted at source—which ...
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