News

The Income Tax Department has simplified the process for making PAN-based TDS payments by introducing a unified Form 141 under section 393(1) of the Income Tax Act 2025.

Income Tax Update: PAN-Based TDS Payments Can Now Be Made Using a Single Form 141

Press Release

The Income Tax Act 2025 has been implemented, replacing the 1961 Act, to simplify the tax system and introducing new rules and forms for easier compliance and administration.

Introduction to Income Tax Act 2025: Objective of Tax System Simplification

Judgement

The Court noted that this issue has already been solved by the Supreme Court in the case of Engineering Analysis Centre of Excellence Pvt. Ltd. V. Commissioner of Income Tax and Anr.

Software Payment to Non-Resident Suppliers is Not Royalty: Delhi HC

The new law does not change the underlying tax policy. It is designed in simple language and a streamlined format to reduce confusion and make tax filings easier.

India Introduces Landmark Income Tax Act, 2025, to Simplify Tax Compliance

India Introduces Income Tax Act, 2025, to Simplify Tax Compliance

ITAT allows deduction for group cost allocation holding business nexus and commercial expediency sufficiently established

Centralized services cannot be disallowed merely because they were incurred by group entity: ITAT

Orders

The CBDT has introduced new forms (CR-01 &amp; CR-02) and a streamlined process for correcting PAN details, effective April 1, 2026.

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Income Tax Update: PAN-Based TDS Payments Can Now Be Made Using a Single Form 141

Introduction to Income Tax Act 2025: Objective of Tax System Simplification

Software Payment to Non-Resident Suppliers is Not Royalty: Delhi HC

India Introduces Income Tax Act, 2025, to Simplify Tax Compliance

Centralized services cannot be disallowed merely because they were incurred by group entity: ITAT

CBDT Introduces New Application Forms to Amend or Rectify PAN Details; Effective April 2026