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FAQs on Interplay and Transition from the Income Tax Act, 1961 to the Income Tax Act, 2025
TABLE OF CONTENTS
Topic
Title & Coverage
Page No.
Message from Chairman, CBDT
i
Messa...
Income Tax Returns FAQs
1. What are the key provisions relating to filing of return
of income under the Income Tax Act, 2025?The provisions relating to filing of return of income are
contained in Section 263 of the Income Tax Act, 2025. Secti...
Form No. 2 (Old Form No. 5B) under Section 2(112) of the Income-tax Act, 2025 – Application for Notification of Zero Coupon Bonds | Eligibility, Filing Procedure, Documents, Key Differences & FAQs (FY 2026-27)
Form No. 2 (Income-tax Rules,
2026)(Corresponding to Form No. 5B
of the Income-tax Rules, 1962)Application for Notification of
a Zero Coupon Bond under Section 2(112) of the Income-tax Act, 2025 Key Differences
...
Complete Guide to All Income-tax Forms under the Income-tax Act, 2025 (Old vs New Form Mapping)
Form
No. (IT Rules 2026)
Form
No. (IT Rules 1962)
Description
1
3BB
Monthly statement to be furnished by a stock
ex...
Search and Seizure under the Income-tax Act, 2025 – Legal Framework
Search and Seizure under the
Income-tax Act, 2025 – Legal FrameworkIntroductionSections 247 to 259 of the
Income-tax Act, 2025 contain the provisions relating to search, seizure,
requisition, retention and applicati...
Books of Account Go Digital: New Income-tax Act Recognises Cloud Storage but Imposes Data Localisation Requirements
Books of Account Go Digital:
New Income-tax Act Recognises Cloud Storage but Imposes Data Localisation
Requirements A Significant Expansion in the
Definition of Books of Account The Income-tax Act, 2025 has
...
Key Takeaways from the Ruling
Key Takeaways from the Ruling1. Remand Reports Cannot Be IgnoredThe ruling conveys a clear and unequivocal message that Assessing Officers cannot disregard requests for remand reports made by appellate authorities. Proce...
Key Takeaways from the OECD Consultation Draft on Intra-Group Services
Key Takeaways from the OECD Consultation Draft on Intra-Group ServicesThe OECD’s proposed revisions to Chapter VII of the Transfer Pricing Guidelines represent an important development for multinational enterprises, ev...
Legal Position of Unabsorbed Depreciation under the Income Tax Act, 2025 – A Paradigm Shift in Indian Tax Law?
Legal Position of Unabsorbed
Depreciation under the Income Tax Act, 2025 – A Paradigm Shift in Indian Tax
Law?
IntroductionThe treatment of unabsorbed
depreciation has historically been one of the most taxpayer-f...
CBDT Notifies Mandatory Scrutiny Cases for FY 2026-27: Key Categories Every Taxpayer and Professional Should Know
CBDT Notifies Mandatory
Scrutiny Cases for FY 2026-27: Key Categories Every Taxpayer and Professional
Should KnowThe Central Board of Direct Taxes
(CBDT), vide Circular No. F.No.225/56/2026/ITA-II, has prescribed the
...