Vikram Mehta

CBDT has notified the Income-tax Rules, 2026 under the Income-tax Act, 2025, effective 1 April 2026. The Rules consolidate 500+ rules into 333, refresh perquisite valuations, widen the 50% HRA city list; FY 2025-26 compliance stays on the 1961 Act for a clean transition.

CBDT Circular 4/2026 dated 31.03.2026 revises DIN guidelines for income tax communications. Section 292BA inserted by Finance Act 2026 cures DIN defects retrospectively from 01.10.2019. Key changes: flexible DIN placement, 5 exceptions with post-facto approval, 15-day upload mandate.

CBDT amends Rule 10U via Notifications 54 and 55 of 2026 to clarify that GAAR will not apply to income from transfer of investments made before 1st April 2017, regardless of when gains are realised. Analysis of the Tiger Global context, foreign investor impact, and practical implications.

From 1 April 2025, partnership firms and LLPs must deduct 10% TDS on salary, remuneration, interest, bonus and commission paid to partners if aggregate payments exceed Rs 20,000 in a year. Here is what you need to know.

The 1 April 2026 cutover to the Income-tax Act, 2025 hides a quiet TDS trap. Deduction events whose earlier-of-credit-or-payment date falls on or before 31 March 2026 stay under the 1961 Act (old section codes, Form 26Q/27Q), even if deposited in April. Later events move to Section 393.

From HRA expansion to new metro cities to Children Education Allowance increases and STT hikes — every tax change effective April 1, 2026 in one place.

The Income Tax Act 2025 replaces Previous Year and Assessment Year with a single Tax Year concept. Here is what it means for taxpayers and professionals.

Know advance tax due dates for FY 2025-26 — installments, percentages, and interest under Section 234B and 234C explained.