New rules for Minor PAN Card from 1st april 2026 Under the Income Tax Rules 2026 (effective from April 1, 2026), applying for a Permanent Account Number (PAN) for a minor is governed by the following rules: Designated Form: If the minor is an Indian citizen, the application must be filed using the new category-specific… Read More »
Form 124 Income Tax Rules 2026 Download Claim Tax Deduction by Employee from Employer FORM NO. 124 [See rule 205] Statement showing particulars of claims by an employee for deduction of tax under section 392(5)(b) Form No. 124 is the newly introduced form under the Income-tax Act, 2025 and Income Tax Rules, 2026, which effectively… Read More »
New TAN APPLICATION forms Income Tax Rules 2026 pdf Download Under the Income Tax Rules, 2026, the application process for obtaining a Tax Deduction and Collection Account Number (TAN) has been simplified and restructured to address varying KYC requirements for different types of applicants. Here are the key points regarding the new TAN framework: Splitting… Read More »
TAN Form 135 Income Tax Rules 2026 pdf Download FORM NO. 135 [See rule 216(1)(b)] Form for application for allotment of Tax Deduction and Collection Account Number [TAN] under section 397 [For person other than government entity] Under the Income-tax Act, 2025 and Income Tax Rules, 2026, Form No. 135 is the newly introduced application… Read More »
TAN Form 134 Income Tax Rules 2026 pdf Download FORM NO. 134 [See rule 216(1)(a)] Form for application for allotment of Tax Deduction and Collection Account Number [TAN] under section 397 [In the case of Government Entity] Under the newly notified Income Tax Rules, 2026, Form No. 134 is a category-specific application form for obtaining… Read More »
Section 129 Income Tax Act 2025 Change of incumbent of an office. 129. Whenever in respect of any proceeding under this Act an income-tax authority ceases to exercise jurisdiction and is succeeded by another who has and exercises jurisdiction, the income-tax authority so succeeding may continue the proceeding from the stage at which the proceeding… Read More »
Section 132 Income Tax Act 2025 Search and seizure. 10 132. 11(1) Where the 12[ 13[Principal Director General or] Director General or 13[Principal Director or] Director] or the 14[ 15[Principal Chief Commissioner or] Chief Commissioner or 15[Principal Commissioner or] Commissioner] 16[or Additional Director or Additional Commissioner] 17[or Joint Director or Joint Commissioner] in consequence of information 18 in his possession, has reason to believe 18 that- (a) any person… Read More »
Section 131 Income Tax Act 2025 Power regarding discovery, production of evidence, etc. 81 131. (1) The 82[Assessing] Officer, 83[Deputy Commissioner (Appeals)], 84[Joint Commissioner] 85[, Joint Commissioner (Appeals)] 86[, Commissioner (Appeals)] 87[, 88[Principal Chief Commissioner or] Chief Commissioner or 88[Principal Commissioner or] Commissioner and the Dispute Resolution Panel referred to in clause (a) of sub-section (15) of section 144C] shall, 89for the purposes of this Act, have… Read More »
Section 130 Income Tax Act 2025 Faceless jurisdiction of income-tax authorities. 130. (1) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of- (a) exercise of all or any of the powers and performance of all or any of the functions conferred on, or, as the case may be,… Read More »
Section 128 Income Tax Act 2025 Functions of Inspectors of Income-tax. 128.[Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988.]