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The Central Board of Direct Taxes frames income-tax policy and runs the Income Tax Department, which handles returns, refunds, notices and assessments.
361 storiesLatest 16 Oct 2026, 10:20 ISTOfficial website
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Section 80CCH gives Agniveers a full deduction for both their own and the Central Government's Agniveer Corpus Fund contributions - and uniquely, it survives in the new tax regime under Section 115BAC.
Markets
TCS collected under section 206C must reach the government within 7 days of month-end; the Q2 Form 27EQ window closed 15 October 2026, and late filers now accrue Rs 200 a day.
Tax
Disagree with your Assessing Officer? Form 35 is your first income tax appeal to the Commissioner (Appeals), due within 30 days under section 249(2). Fees, documents and a worked example.
Tax
Section 194S deducts 1% TDS on crypto and VDA transfers above Rs 50,000 (or Rs 10,000) a year. Here is how it works, a worked example, and the 115BBH traps traders miss.
Markets
Section 194-M makes individuals and HUFs deduct 2% TDS on contractor and professional payments above Rs 50 lakh, filed via Form 26QD within 30 days. Here are the October 2026 dates.
Tax
An Income Tax e-Campaign flagging high value transactions is a nudge to reconcile, not a demand. Here is how to respond on the Compliance Portal under Section 285BA for AY 2026-27.
Tax
Budget 2025 extended Section 80-IAC's startup tax holiday: a DPIIT-recognised start-up incorporated before 1 April 2030 can still claim a 100% profit deduction for any three of its first ten years.
Markets
TDS on a virtual digital asset under Section 194-S must be deposited within 30 days through Form 26QE. Here is the one per cent rule, the 201(1A) late-deposit interest and a worked tax example.
Tax
Since AY 2023-24, Form 26AS shows only TDS/TCS while AIS carries SFT and other income with a feedback facility. Here is how to spot a duplicate AIS entry and correct it before it inflates your tax.
Tax
From 1 April 2025 the Finance Act 2025 omits Sections 206AB and 206CCA, ending the doubled TDS/TCS on non-filers. Here is what changed, a worked example, and the mistakes still hitting old-year scrutiny.
Markets
Deducted TDS in September 2026 but not yet deposited? Section 201(1A) charges 1.5% per month from the date of deduction, turning a six-day slip into a 3% hit. What to watch for 13 October 2026.
Tax
Only a Chartered Accountant you assign can file Form 3CB-3CD. Here is the Section 44AB trigger, the 30 September deadline, and the exact assign-accept-file portal workflow, step by step.
Tax
From 1 October 2024, Section 194-IA treats consideration as the aggregate paid by all buyers to all sellers, so splitting a property sale among co-buyers no longer dodges the 1% TDS.
Markets
The quarterly TDS statement for July-September 2026 is due 31 October. Miss it and section 234E charges Rs 200 a day, with section 271H adding up to Rs 1,00,000.
Tax
Resident taxpayers who paid tax abroad can claim a foreign tax credit by filing Form 67 under Rule 128 of the Income-tax Rules, 1962. Here is the deadline, the lower-of cap and a worked FY 2025-26 example.
Investing
ELSS vs PPF for Section 80C: how ELSS's 3-year lock-in guarantees LTCG treatment, pairing a Rs 1.5 lakh deduction with the Rs 1.25 lakh LTCG exemption and a 12.5% cap.
Tax
Section 194-IB cut rent TDS from 5% to 2% from 1 October 2024. Here is who must deduct, the Rs 50,000 threshold, a worked example at 2%, and the Form 26QC filing route.
Markets
Nothing is due on Sunday 11 October 2026, but the next advance-tax marker is the third installment on 15 December 2026, when 75 per cent of the year's tax is due under section 211.
Tax
Lost the acknowledgement for a Form 10E, 67 or 35 you filed on the income tax portal? Here is the exact four-click path to view, download and track the status of every statutory form you have submitted.
NRI
Before any payment reaches a non-resident, Section 195 TDS and Form 15CA or 15CB must clear. A guide to the four parts, the Rs 5 lakh line, India-US DTAA rates and NRO repatriation.
Investing
Every STP instalment is a taxable redemption from the source fund. Here is why a liquid-to-equity STP beats running one out of an equity fund for staged entry.
Tax
A generated income tax challan (CRN) stays valid for payment for only T+15 days on the e-filing portal. Miss that window and you must regenerate a fresh challan before paying your self-assessment tax.
Markets
Section 194-IB gives tenants just 30 days from the month of deduction to file Form 26QC. A September 2026 deduction is due 30 October 2026, with section 201(1A) interest for delay.
Tax
Filed a rectification request and heard nothing back? Here is how to track it on the e-Filing portal using your 15-digit reference number, plus the Section 154(8) six-month limit that caps the wait.
Tax
CBDT Notification No. 120/2026 moves the valuer and tax-practitioner transition deadline under the Income-tax Act 2025 from 30 September 2026 to 31 March 2027 and revises Forms 169 and 171.
Tax
Section 195 and Rule 37BB split Form 15CA into four parts, and one number decides which you file: whether your foreign remittances cross Rs 5 lakh in the year. Here is the rule, worked through.
Tax
The e-Filing Vault adds a second verified factor to your income tax account login and password reset. Here is how it works, the law behind it, and how it protects a Rs 18,100 refund.
Tax
CBDT Notification No. 26/2025 gives PAN holders who used an Aadhaar enrolment ID until 31 December 2025 to intimate their real Aadhaar number, or the PAN turns inoperative from 1 January 2026.
Markets
Employers filing salary TDS must track Form 138 (formerly 24Q): the Q2 statement for July-September 2026 is due 31 October 2026. Plus the RBI MPC verdict on the 5.25% repo rate, due 7 October 2026.
Tax
A capital or business loss can be carried forward for up to eight years, but only if you file your ITR by the Section 139(1) due date. Here is what lapses if you file late, what survives, and the rupee cost.
Investing
Equity funds bought before 1 February 2018 get a grandfathered cost base set to the 31 Jan 2018 FMV. Here is the worked arithmetic, the 12.5% LTCG rule and who should redeem when.
Tax
The Income-tax Act 2025 replaces the 1961 Act from 1 April 2026, cutting 819 sections to 536 and swapping previous year and assessment year for a single tax year. Here is what changes.
Markets
Form 140, earlier Form 26Q, is the quarterly non-salary TDS statement: the Q2 FY 2026-27 return is due 31 October 2026, with September TDS deposits due 7 October. Here is the watchlist for 6 October 2026.
Investing
IDCW payouts are taxed at your slab every year; Growth defers to 12.5% LTCG. A worked 20-year comparison shows why a 30%-slab Growth investor ends 29-53% richer.
Tax
From 1 April 2026 the Income-tax Act 2025 gathers every TDS rule from the 1961 Act into one tabular Section 393. The rates do not change - here is how it works, with a worked salary example.
Tax
Your AY 2026-27 refund will not credit unless the nominated bank account is pre-validated on the e-Filing portal. Here is who can validate, what fails, and how to fix a failed refund.
NRI
Chapter XII-A of the Income-tax Act offers NRIs concessional treatment on Indian investment income, a return-filing waiver under section 115G and foreign-currency gain computation. Here is how it works in FY 2025-26.
Tax
CBDT Order No. 8/2025 dated 20 January 2025 deems in-time appeals filed after 22 July 2024 as pending on that date, letting those taxpayers settle under the Vivad Se Vishwas Scheme 2024.
Tax
An e-Campaign alert on the Income Tax Compliance Portal for non-filing or high-value transactions is a reconciliation request built on data reported under Section 285BA. Here is how to respond.
NRI
Most NRIs file ITR-2, while business income means ITR-3. Section 115BAC makes the new regime the default for FY 2025-26 - here is how it strips deductions and how the India-US DTAA allocates tax.
Investing
On the same gross SWP withdrawal, an equity fund's Rs 1.25 lakh LTCG exemption and 12.5% rate can beat a debt fund taxed at your slab rate. Worked FY 2025-26 post-tax maths.
Tax
CBDT Circular No. 20/2024, dated 30 December 2024, pushed the DTVSV 2024 column (3) determination date from 31 December 2024 to 31 January 2025, preserving the lower settlement rate for later filers.
Tax
Filed your ITR but spotted an error before e-verifying? The Discard Return facility lets you nullify an unverified return and file fresh for AY 2026-27 - here is how it differs from a revised return, and the section 234F cost once the due date has gone.
NRI
The 120-day residency test can pull high-income NRIs into Indian tax. How Section 6 counts your days, what RNOR status protects, and how DTAA and repatriation rules follow.
Tax
CBDT Circular No. 6/2025 moved the AY 2025-26 ITR due date for non-audit taxpayers from 31 July to 15 September 2025 under section 119 - here is what it means for your section 234A interest and late fee.
Tax
An inoperative PAN is not cancelled, but it freezes your tax refund, stops Section 244A interest, and forces 20% TDS under Section 206AA. Here is the Rs 1,000 fix and a worked example.
Tax
CBDT Circular No. 2/2025, dated 13 February 2025, extends the Form 56F deadline for SEZ units claiming the Section 10AA deduction for AY 2024-25 to 31 March 2025. Here is what it changes and how to file.
Tax
A section 148 reassessment notice starts a hard clock. Here is the 148A show-cause step, the specified-authority approval, and how to compute your three-month return window from the notice date.
Tax
For AY 2026-27 a HUF is taxed under the new regime of section 115BAC by default, with slabs from Rs 4,00,000 and no section 87A rebate. Here is the arithmetic and how to opt out.
Tax
Belated returns under section 139(4) run until 31 December 2026 for AY 2026-27; revised returns under section 139(5) until 31 March 2027. Here is which door is open and until when.
Tax
For AY 2026-27, resident individuals can report exempt LTCG under section 112A up to Rs 1.25 lakh in ITR-1 Sahaj. Here is how the Rs 1.25 lakh threshold, the 12.5% rate and the ITR-1 eligibility rules actually work.
Tax
For AY 2026-27 the section 115BAC new tax regime is the default for AOPs, BOIs and artificial juridical persons - here is how the slabs work and how to opt out via Form 10-IEA before the due date.
Tax
Locked out of your e-Filing password? Use the Income Tax Department pre-login ITR Status service with your 15-digit acknowledgement number and a 6-digit OTP to see whether your return is submitted, verified or processed.
Tax
Sections 234B and 234C charge 1% a month on advance tax defaults. A worked FY 2025-26 example shows how Rs 1,00,000 of unpaid tax becomes Rs 9,050 in interest, and how to avoid it.
Tax
Section 115BAA fixes a 22% rate (25.168% effective) for any domestic company; section 115BAB gives new manufacturers 15% (17.16% effective). We work the AY 2026-27 arithmetic and the traps.
Tax
A step-by-step Tax Q&A on answering income tax notices through the e-Proceedings tab under the faceless system: the six notice types, their deadlines, and a worked Rs 20,800 Section 143(1)(a) resolution.
Tax
The new tax regime under Section 115BAC is the default for FY 2025-26, but it disallows 80C, 80D, HRA and self-occupied home-loan interest. See a Rs 15,00,000 worked example of what you forfeit.
Tax
A Section 139(9) defective-return notice gives you just 15 days to fix the defect online or your ITR turns invalid, triggering the Section 234F fee, 234A interest and lost loss carry-forward.
Tax
CPC raised a demand because it missed part of your TDS credit. Here is how to file a Section 154 rectification on the e-filing portal, with a worked FY 2025-26 example and the four-year limit explained.
Tax
Resident seniors filing for AY 2026-27 can stack Section 80TTB's Rs 50,000 deposit-interest deduction with the Rs 50,000 80D health limit and 80DDB up to Rs 1,00,000, all in the old regime.
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