Income Tax
Taxpayers Get More Time to Complete Tax Audit Formalities
Taxpayers have been given additional time to complete tax audit-related work. The extension will allow professionals to finish audits, reconcile records and verify important information, but taxpayers should avoid waiting until the last minute.
NRI Property Purchase: TDS Rules to Change From October 1
Buying property from an NRI will become simpler from October 1, 2026, as resident buyers and HUFs will no longer need a separate TAN for TDS compliance. They can use their PAN for deducting, depositing and reporting TDS on property transactions.
Himachal’s Vidisha Kalra Takes Charge as Principal Chief Commissioner of Income Tax
Vidisha Kalra, a 1991-batch IRS officer from Bilaspur's Ghumarwin, assumes command of the Karnataka and Goa region, marking a historic ascent in India's revenue service.
