Articles

The government proposes revised perquisite valuation limits and higher tax-free thresholds for employee benefits under the Draft Income Tax Rules 2026.

Draft Income Tax Rules 2026 Propose Major Changes in Car Perks, Gifts, Meals and Employee Benefits

The Income Tax Department will notify new rules in early March, while existing ITR forms will continue for AY 2026-27.

Income Tax Department to Notify New Rules, ITR Forms Under Income Tax Act, 2025 in March

AAP leader has called on the government to scrap LTCG tax on shares, arguing that taxing equities with STT discourages long-term investing.

Raghav Chadha Calls for LTCG Tax Relief, Cites Burden on Individual Investors

Judgement

Section 148 notice held time-barred; the court follows Delhi and Madras High Court rulings on computation under Section 153A

Gujarat High Court Quashes Reopening Notice Beyond Ten-Year Limitation After Search

The draft Income-tax Rules, 2026, propose some changes, aiming to modernise and simplify India’s tax system from April 1, 2026.

Big Tax Changes Coming in 2026: What Draft Income-tax Rules Mean for You

News

Finance Ministry clarified that Section 247 of the Income Tax Act does not grant any new AI-based or additional digital access powers to tax officers.

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Draft Income Tax Rules 2026 Propose Major Changes in Car Perks, Gifts, Meals and Employee Benefits

Income Tax Department to Notify New Rules, ITR Forms Under Income Tax Act, 2025 in March

Raghav Chadha Calls for LTCG Tax Relief, Cites Burden on Individual Investors

Gujarat High Court Quashes Reopening Notice Beyond Ten-Year Limitation After Search

Big Tax Changes Coming in 2026: What Draft Income-tax Rules Mean for You

Govt Clarifies Purpose of New Income Tax Section 247; No New AI Powers Given to IT Officers