Notifications

CBDT introduces Foreign Assets of Small Taxpayers-Disclosure Scheme Rules 2026, offering a limited-time window to declare undisclosed overseas assets and correct reporting errors.

CBDT Notifies Foreign Assets Disclosure Scheme Rules 2026: One-Time Window for Small Taxpayers

News

The IT Dept has released the Foreign Assets Information User Guide 2026 to help taxpayers securely access, understand, download, and verify their overseas financial information.

Income Tax Dept Releases Foreign Assets Information User Guide 2026, Explains How to Access Overseas Financial Data

The CBDT has integrated foreign financial data received through the AEOI framework directly into the AIS; accordingly, taxpayers can now verify the details before filing their ITRs.

Income Tax Dept Now Auto-Populates Overseas Assets and Income Details in Your AIS

Reliance Power has informed stock exchanges that the ED has provisionally attached assets worth over Rs 1,021 crore under the PMLA, while the company maintains the financial impact is limited.


Enforcement Directorate Attaches Reliance Power Assets Worth Rs 1,021 Crore Under PMLA

Articles

Learn the key capital gains tax exemptions available under the Income Tax Act to legally reduce your tax liability on the sale of property and other long-term capital assets.

Selling a Property or Asset? Know These Capital Gains Tax Exemptions

A practical guide to claiming depreciation on business assets under Section 32 of the Income Tax Act, 1961.

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CBDT Notifies Foreign Assets Disclosure Scheme Rules 2026: One-Time Window for Small Taxpayers

Income Tax Dept Releases Foreign Assets Information User Guide 2026, Explains How to Access Overseas Financial Data

Income Tax Dept Now Auto-Populates Overseas Assets and Income Details in Your AIS

Enforcement Directorate Attaches Reliance Power Assets Worth Rs 1,021 Crore Under PMLA

Selling a Property or Asset? Know These Capital Gains Tax Exemptions

Section 32 of the Income Tax Act, 1961: Depreciation on Business Assets