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Income Tax

Income Tax Offices Open on 31 March Despite Holiday

By Goyal Raj Kumar & Associates 31 Mar 2026 2 min read

In a significant move to support taxpayers, the CBDT has directed all Income-tax offices to remain open on 31 March 2026, even though it coincides with Mahavir Jayanti. This ensures smooth closure of...

#income tax #tax update
Income Tax

New Procedure for Form 121 & UIN Allotment from April 2026

By Goyal Raj Kumar & Associates 30 Mar 2026 2 min read

The tax authorities have introduced a structured compliance framework for cases where tax is not deducted at source, enhancing transparency and reporting standards. Key Update by CBDT The Central Boar...

#income tax #tax update
Income Tax

Income Tax India Clarifies 12% Surcharge on Buyback Gains

By Goyal Raj Kumar & Associates 30 Mar 2026 1 min read

Recent clarification by tax authorities has addressed confusion surrounding the surcharge provisions proposed under the Finance Bill, 2026. Key Clarification The official Income Tax Department has sta...

#income tax #tax update
Income Tax

CBDT Clarifies Delay Condonation Power for Form 10A

By Goyal Raj Kumar & Associates 30 Mar 2026 2 min read

The tax authorities have provided important relief for charitable trusts and institutions facing delays in regulatory compliance. Key Clarification by CBDT The Central Board of Direct Taxes (CBDT) has...

#income tax #tax update
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