Knowledge hub
Updates
Short, dated notes on tax and regulatory changes that affect businesses, each with its official source.
Income-tax Act, 2025: the new form numbers to know
With the Income-tax Act, 2025 in force from 1 April 2026, the forms businesses use most have new numbers. Returns for FY 2025-26 stay on the old forms.
Resident individuals and HUFs buying property from a non-resident: no TAN needed from 1 October 2026
A resident individual or HUF buying immovable property from a non-resident can deduct and deposit TDS without obtaining a TAN, using Form 141.
Foreign assets disclosure scheme for small taxpayers: open until 31 December 2026
A one-time scheme under the Finance Act, 2026 lets small taxpayers declare foreign assets or income that were not reported, within set limits, until 31 December 2026.