income tax act
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India to Reintroduce Share Buybacks via Stock Exchanges
New Delhi, April 2 In a significant regulatory move, the Securities and Exchange Board of India on Thursday proposed bringing back open market share buybacks through stock exchanges, following recent changes in the tax framework.In a consultation paper, the market regulator suggested that...- Himanshu
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Simplified Income Tax Rules Launched Alongside New Act
New Delhi, April 1 India's direct tax system entered a new phase on April 1, 2026, as the Income Tax Act, 2025 officially came into effect.The Income Tax Department announced the rollout through a message on X, calling it a step towards a simpler and more user-friendly tax framework aligned... - H
Central Bank Challenges Income Tax Demand Notice
New Delhi, March 31 The state-owned Central Bank of India announced on Tuesday that it has received a demand notice of ₹296.08 crore from the Income Tax Department for a shortfall in tax payments for the fiscal year 2025."The bank has received an assessment order under Section 143(3) read with... - H
Tax Law Overhaul: Key Changes for FY27 Including HRA and Derivatives
New Delhi, March 31 As India approaches the new fiscal year FY27, the country’s direct tax system is set for a major overhaul from April 1, 2026, with the new Income Tax Act, 2025, coming into force – replacing the six-decade-old 1961 legislation and introducing changes in compliance...- Himanshu
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Income Tax Dept. Announces TDS Deductions on Bank Interest
Banking Companies to Deduct TDS Only Above Threshold, Clarifies Income Tax Department Definition Under New Income Tax Act, 2025 Aligned With Banking Regulation Act New Delhi, March 30: The Income Tax Department on Monday clarified that banking companies governed by the Banking Regulation Act... - H
April 1: New Financial Rules Impacting Taxes, Travel, and Employees
India’s Key Financial and Regulatory Changes Effective April 1 Introduction of the New Income Tax Act, 2025 Starting April 1, India will implement the Income Tax Act, 2025, replacing the decades-old 1961 legislation. The new law is designed to simplify taxation by using clearer language and... - H
India to Implement New Income Tax Act in Phased Approach
New Delhi – India will implement the new Income Tax Act, 2025, starting April 1, 2026, but taxpayers will not need to file returns for the current financial year. Returns can be prepared and filed under the existing Income Tax Act, 1961, officials and tax experts confirmed. This approach ensures... - H
Income-tax Rules 2026 Notified: HRA Benefits Expanded, Stricter Disclosure Norms Introduced
Income-tax Rules 2026 Notified: HRA Benefits Expanded, Stricter Disclosure Norms Introduced New Tax Framework to Take Effect from April 1, 2026 New Delhi, March 20: The Central Board of Direct Taxes on Friday notified the Income-tax Rules, 2026, paving the way for the implementation of the...- Himanshu
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Income Tax Rules 2026: Increased Disclosure Requirements
Income-tax Rules 2026 Notified: Government Sets Framework for New Tax Regime from April 1 CBDT Releases Detailed Rules for FY 2026-27 with Focus on Transparency and Compliance New Delhi, March 20: The government on Friday notified the Income-tax Rules, 2026, paving the way for the rollout of the...- Himanshu
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- audit trails capital gains taxation cbdt central board of direct taxes disclosure requirements financial reporting house rent allowance hra income tax act income tax rules non-resident taxation sebi approval stock market transactions tax compliance tax reporting
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- Forum: Business