Taxes

The chatbot will be available round-the-clock and aims to reduce dependency on tax officials by offering instant, automated support.

Taxpayers with inactive PANs are facing real consequences: blocked tax refunds, higher TDS deductions and restrictions on financial transactions.

Everything you need to know about the 10 major financial updates that can significantly affect your wallet from Apr. 1, 2026.

With the March 31 deadline fast approaching, taxpayers must complete a range of income tax and GST submissions. 

Timely compliance not only helps avoid the burden of double taxation but also ensures that eligible relief is not forfeited.

Form 130 serves as proof that tax has been deducted from salary income and deposited with the government.

The proposed amendments aim to expand the powers of the tax department to reopen assessment cases based on orders passed by courts and appellate tribunals.

Under the Income Tax Act, 2025, some of the exemptions and deductions under the old tax regime have become more attractive.

The change marks a shift in how tax rules are structured and presented, while keeping the core system largely the same.

These rules support the new Income‑tax Act, 2025, which comes into force for the financial year 2026‑27.

The I-T Rules 2026 are under the provisions of the Income-Tax Act, 2025. The notification has been issued in exercise of the powers conferred under section 533 of the Act.

Among the proposed changes are broader HRA exemptions for cities such as Bengaluru and Hyderabad, which may help reduce overall tax liability.

This accessibility to reliable data acts as a foundation to simplify tax processes in India.

Advance tax is designed to distribute the tax burden evenly and ensure a regular flow of revenue to the government.

In India, there are many options under the tax laws that offer deductions and exemptions to reduce taxable income, such as PPF and ELSS.

The capital gain tax on gold and silver depends on whether you have invested in ETF form, gold and silver ETF fund of funds, physical gold and silver, or Sovereign Gold Bonds. Know the tax rules here.

As an individual taxpayer, if you are a risk taker, do not mind earning market-linked returns, and are filing tax under the Old Tax Regime, there are certain worthwhile investment avenues.

If you have traits of a risk-averse individual, make sure you are not investing in any and every tax-saving avenue out there.

The proposed PAN-related changes are likely to impact routine payments and several other financial transactions like cash deposits, hotel bills and car purchases.

The Central Board of Direct Taxes has proposed sweeping changes to India’s tax compliance regime through the draft Income-Tax Rules, 2026