The new rules replace old form numbers with a structured sequence across categories. The update simplifies compliance and improves clarity in tax ...

The new form consolidates multiple income disclosures into one, enabling accurate TDS deduction. Key takeaway: unified ...

From April 1, 2026, India’s income tax system gets a major reset with new forms under the Income-tax Rules, 2026. Form 121 replaces Forms 15G and 15H, creating a single declaration to avoid TDS for ...

Under the new framework, Form 121 serves as a unified self-declaration for individuals seeking exemption from tax deducted at source (TDS).

Sending money abroad in 2026 now demands stricter compliance with Form 145 and 146 for foreign remittances. India has ...

As part of the rules, many existing old, complicated forms have been replaced by new simplified forms to ease compliance ...

Income-tax Department launches Form No. 128 under the Income-tax Act, 2025, enabling taxpayers to seek lower or nil TDS TCS ...

New Income Tax Rules, 2026, effective April 1, 2026, mandate PAN for several high-value transactions. Form 97 replaces Form ...

Senior citizens enjoy tax benefits such as higher exemption limits and deductions under the old regime. While the new regime ...