Recent Updates on Indian Income Tax for May 2026
Explore the recent updates in Indian Income Tax regulations for May 2026.
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Read ArticleMaster your finances with expert advice on Income Tax, GST, and Investment strategies.
Explore the recent updates in Indian Income Tax regulations for May 2026.
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Read ArticleReminder for income tax return filing deadline for FY 2025-26.
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Recent changes in GST regulations for better compliance.
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Read ArticleLatest GST updates focusing on small and medium enterprises.
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Read ArticleExplore the critical changes and compliance requirements for TDS, ITR filing, and tax audit reports as India transitions to the Income Tax Act, 2025, from April 1, 2026.
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Latest updates on e-Pay Tax service clarify CRN validity (15 days, 90-day extension for cheques), payment modes, and the process for claiming refunds on mistaken payments.
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Read ArticleUnderstand the transition to Income Tax Act, 2025, covering AY 2026-27 ITR filing, new forms, tax audit, and TDS credit handling.
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Read ArticleIndia ushers in the Income Tax Act 2025, replacing the 1961 Act from FY27, impacting advance tax payments and ITR forms, though tax rates and slabs remain unchanged.
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Learn about the Income Tax Department's NUDGE initiative, offering guidance for accurate ITR filing, specifically for taxpayers reporting foreign assets via Schedules FSI, TR, and FA.
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Read ArticleThe Income Tax Department outlines key changes for ITR forms and compliance under the new Income Tax Act 2025 and the existing 1961 Act for upcoming assessment years.
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Read ArticleA guide for NRI business owners on filing ITR-3, understanding taxability in India, and crucial compliance requirements like DTAA benefits and TDS reconciliation.
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Learn about the Annual Information Statement (AIS) for 2026, its components including TDS, SFT, GST data, and how to access it on the e-filing portal.
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Read ArticleNew ITR forms for AY 2026-27 mandate specific disclosures for NRIs opting for presumptive taxation under Sections 44B, 44BB, 44BBA, 44BBC, or 44BBD.
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Read ArticleGet ready for ITR filing for FY 2025-26 with expected deadlines, late filing penalties, and a checklist of essential documents. Avoid fines and stress.
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Explore crucial updates on the Income Tax Act 2025, new ITR forms, tax audit report filing for AY 2026-27, and rules for updated returns (ITR-U).
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Read ArticleThe CBDT has extended the deadline for issuing TDS certificates for Q3 FY2024-25 to March 31, 2026, due to persistent technical glitches on the income tax e-filing portal.
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Read ArticleDiscover the tax advantages of forming an LLP for commercial property rental income, including greater deductions, tax-free profit share for partners, and protection from double taxation.
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New PAN card rules require more documents and Aadhaar matching. High-value property gifts (₹45 lakh+) now face strict reporting, impacting tax liabilities and compliance for many.
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Read ArticleNew TDS rules, Form 130 replacing Form 16, and increased tax-free allowances for education, hostel, and HRA are set to impact salaried employees from April 1, 2026.
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Read ArticleIndia's direct tax system gets a major overhaul with the Income Tax Act, 2025, effective April 1, 2026. Discover the new 'Tax Year' concept, simplified structure, and revamped forms for easier compliance.
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New TDS rules from April 1, 2026, under ITA 2025 impact salaried employees with mandatory TDS computation resets and a default to the new tax regime for FY 2025-26.
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Read ArticleUnder the new Income Tax Act 2025, ITR-3 and ITR-4 filing deadlines are extended to August 31st for non-audit taxpayers. Revised return filing period is now 12 months.
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Read ArticleFrom April 1, 2026, Form 121 replaces Form 15H and Form 15G, simplifying the process for senior citizens and others to declare income below the taxable limit and avoid TDS.
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The new Income Tax Act 2025, from April 1, 2026, replaces old TDS/TCS sections with new numeric payment codes and consolidated sections (392, 393, 394), and introduces new forms.
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