New income tax reforms has taken effect on April 1, 2026. The Income Tax Department has introduced sweepingchanges to the ...
Form 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior citizens to declare income below taxable limits. Eligible taxpayers can now use ...
Experts say the new FY26 income tax forms aim to make tax reporting more data-driven while tightening checks on mismatches ...