From April 1, the Income Tax Act, 2025, will become effective. To implement it, the income tax department has released the Draft Income-tax Rules, 2026. The new law seeks to simplify income tax return ...

The Income Tax Department has released the Draft Income-tax Rules, 2026, along with draft forms to implement the Income-tax Act, 2025. These rules provide the first detailed framework for India’s new ...

With bigger tax refunds expected this season, it can be tempting to file returns earlier than usual. But incomplete filings can raise flags for the IRS, delaying processing or even triggering an audit ...

The draft rules cover a wide range of other rules in detail such as the method for determining the period of the holding of capital assets in certain cases, guidelines for the notification of zero ...

A major redesign has been proposed in 30 high-volume income-tax forms to reduce duplication, simplify reporting, and make them compatible with a data-driven tax administration system.

Contact the Canada Revenue Agency for information and advice. We apply the goods and services tax only if the owner/operator of the vessel is a Canadian resident. If the owner/operator is not a ...

The tax department on Saturday (February 7, 2026) released draft rules and forms under the new Income Tax Act, 2025, which proposes to simplify the provisions and reduce compliance burden for ease of ...

The Central Board of Direct Taxes (CBDT) has released the draft Income-tax Rules, 2026, along with draft forms, offering the first detailed glimpse into how the new Income-tax Act, 2025, will be ...

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