New Delhi, April 2 The Income Tax Department launched a new website called ‘Kar Saathi’ on Thursday, aimed at simplifying and making tax-related processes more user-friendly.The department stated that the platform brings all direct tax information under one roof and is designed to be easier to...
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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...
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New Delhi, March 31 The new income tax law and other budgetary provisions, including a higher Securities Transaction Tax (STT) on F&O trading and a lower TCS on overseas tour packages and LRS remittances for medical and educational purposes, will come into effect from April 1.Also, the Budget...
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...
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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...
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Tata Capital Faces ₹413 Crore Tax Demand for FY18, Plans Legal Challenge
Reassessment Order Issued by Tax Authorities
Tata Capital has received a reassessment order from tax authorities demanding ₹413.18 crore for the financial year 2017-18, according to a regulatory filing. The order was issued...
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...
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GSTN Advisory Clarifies Treatment of Investigation Payments for Appeal Pre-Deposit
GST Portal Issue Over Pre-Deposit Recognition Addressed
The Goods and Services Tax Network (GSTN) has issued a fresh advisory to resolve concerns raised by taxpayers regarding the GST portal’s handling of payments...
Haryana Records 22 Percent Surge in SGST Collection in FY 2025 to 26, Highest in India
Gross SGST Collection Touches Rs 44,460 Crore Till February
Chandigarh, March 1: Haryana has emerged as the top performing state in the country in terms of State Goods and Services Tax collection growth...
New Income Tax Act 2025: Draft Forms Tighten HRA Claims, Foreign Tax Credit Rules and Audit Disclosures
The government has released draft income tax forms under the new Income Tax Act, 2025, introducing stricter disclosure requirements for House Rent Allowance claims, foreign tax credits, PAN...
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