RULE 166 INCOME-TAX RULES 2026 RULE 166 INCOME-TAX RULES 2026 Conditions for treating a return as defective return under section 263(7). 166. (1) A return of income shall be regarded as defective, if any of the following conditions is satisfied: — (a) all fields, parts, schedules, statements, and columns in the return of income, as… Read More »
RULE 165 INCOME-TAX RULES 2026 RULE 165 INCOME-TAX RULES 2026 Furnishing of updated return of income under section 263(6) read with sub-section (2) of said section. 165. (1) The return of income to be furnished by any person, eligible to file such return under section 263(6), shall be in the Form ITR-UN and be verified in… Read More »
New Change for TDS on Property purchased from NRI from 1st April 2026 New Change for TDS on Property purchased from NRI from 1st April 2026 Under the new Income-tax Act, 2025 and Income Tax Rules, 2026 (effective April 1, 2026), the provisions for deducting TDS on the purchase of property from a Non-Resident Indian… Read More »
RULE 164 INCOME-TAX RULES 2026 RULE 164 INCOME-TAX RULES 2026 Forms, eligibility, verification etc. in respect of return of income. 164. (1) The return of income required to be furnished under section 263(1) or section 268(1)(a) or section 280, relating to the tax year commencing on the 1st April, 2026, shall be in accordance with the… Read More »
Notification under Section 90(1) of the Income tax Act, 1961 for notifying the MoU for Assistance in Collection of Taxes as Mode of Application of Article 26A of the Convention between the Government of the Republic of India and the Government of Japan for the avoidance of double taxation and the prevention of fiscal evasion… Read More »
RULE 163 INCOME-TAX RULES 2026 RULE 163 INCOME-TAX RULES 2026 Conditions for furnishing return of income by persons other than a company or firm referred to in section 263(1)(a)(x). 163. (1) The conditions required to be fulfilled in a tax year for the purposes of furnishing return of income in respect of a person other than… Read More »
RULE 162 INCOME-TAX RULES 2026 RULE 162 INCOME-TAX RULES 2026 When PAN becomes inoperative under section 262(6). 162. (1) If a person who had been allotted a Permanent Account Number (PAN) and was required to intimate his Aadhaar number under section 262(6), but failed to do so, then his Permanent Account Number being inoperative, he shall… Read More »
Notification on interest rates on Special Deposit Scheme and other Schemes MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 1st April, 2026 F. No. 5(3)-B(PD)/2023.—It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of… Read More »
RULE 161 INCOME-TAX RULES 2026 RULE 161 INCOME-TAX RULES 2026 Transactions for purposes of section 262(9)(a). 161. (1) For the purposes of section 262(9)(a), every person shall, at the time of entering into a transaction specified in column 2 of the following Table, quote his Permanent Account Number in documents pertaining to such transaction, and every… Read More »
Notification u/s 10(46A) in the case of Rajasthan Electricity Regulatory Commission MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 31st March, 2026 S.O. 1664(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43 of 1961), (hereinafter referred… Read More »