Regulatory Updates, Notifications & Circulars
Continuously updated official gazette notifications, department circulars, and executive clarifications published by apex regulatory bodies for FY 2026–2027.
Income-tax Act, 2025
The modernized, direct-tax codification consolidating assessment procedures, Section 115BAC default regime, digital asset taxation, and global minimum tax provisions.
Income-tax Act, 1961 (Historical / Transitional Reference)
The principal historical direct tax statute governing assessment years prior to AY 2026-27, preserved for ongoing appeals, pending scrutinies, and reassessments.
Income-tax Rules, 2026
Procedural rules governing valuation of perquisites, safe harbour margins, lower deduction certificates (Rule 28AA), and electronic faceless verification.
ITR-1 (SAHAJ)
The simplest annual return for salaried employees, pensioners, and single-property homeowners under Section 139(1).
ITR-2
Comprehensive return for equity/crypto investors, multiple house properties, and foreign income.
ITR-4 (SUGAM)
Simplified return for small businesses (turnover up to ₹3 Cr) and professionals (gross receipts up to ₹75 Lakhs).
Form 10-IEA
Mandatory declaration to switch regimes for business entities under Section 115BAC(6).
Form 1 (Income Declaration Scheme)
Statutory declaration of undisclosed assets and income for immunity from prosecution and penalty.
Form BA (Wealth Tax Return for Individuals/HUFs)
Statutory return of net wealth for urban land, motor cars, jewellery, and residential properties.
CBDT Circular No. 15/2026: Comprehensive Guidelines on Section 115BAC Opt-Out Protocols and Faceless Verification Rules
Authoritative clarification on filing Form 10-IEA for business assessees, handling carry-forward unabsorbed depreciation, and TDS withholding obligations for employers under FY 2026-27 tax slabs.
The information, acts, rules, circulars, notifications, tax rates, and calculators provided in this Knowledge Bank are intended strictly for general educational and informational purposes. Laws, statutory rules, rate matrices, procedures, and statutory due dates may change through subsequent government notifications, official circulars, parliamentary amendments, or judicial rulings.
Taxpayers are strongly advised to verify the latest official gazette publication or consult a qualified Chartered Accountant / legal counsel before executing financial decisions or statutory submissions based on this data.