New rules for Minor PAN Card from 1st April 2026 New rules for Minor PAN Card from 1st April 2026 app 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… Read More »
Form 124 Income Tax Rules 2026 Download Claim Tax Deduction by Employee from Employer Form 124 Income Tax Rules 2026 Download Claim Deduction by Employee from Employer from 1st April 2026 onwards. FORM NO. 124 [See rule 205] Statement showing particulars of claims by an employee for deduction of tax under section 392(5)(b) Form… Read More »
New TAN APPLICATION forms Income Tax Rules 2026 pdf Download 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… 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] TAN Form 135 Income Tax Rules 2026 pdf Download Under the Income-tax Act, 2025 and Income Tax Rules,… Read More »
TAN Form 134 Income Tax Rules 2026 pdf Download for Govt Departments TAN Form 134 Income Tax Rules 2026 pdf Download for Govt Departments 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… Read More »
Section 129 Income Tax Act 2025 Deduction in respect of interest on loan taken for higher education. 129. (1) An assessee, being an individual, shall be allowed a deduction of amount paid as interest during a tax year, subject to the provisions of this section, on a loan taken by him from any financial institution… 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 Deduction in respect of interest on loan taken for residential house property. 130. (1) An assessee, being an individual, shall be allowed a deduction of interest payable on loan taken by him from any financial institution for the purpose of acquisition of a residential house property as per the… Read More »
Section 128 Income Tax Act 2025 Deduction in respect of medical treatment, etc. 128. (1) An assessee who is resident in India, shall be allowed a deduction of the amount actually paid during the tax year or a sum of ₹ 40000, whichever is less, from income chargeable to tax of that tax year, for… Read More »