Indian taxpayers earning foreign income must file Form 67 by March 31, 2026 to claim foreign tax credit for FY 2024–25. Learn who must file and how to comply.

Indians working abroad can claim Foreign Tax Credit (FTC) by filing Form 67. Draft rules propose renumbering it to Form 44, requiring CA certificates for companies and individuals with foreign tax ...

One of the most significant changes is in Tax Audit reporting, where the earlier Forms 3CA and 3CB have now been replaced by Form 26. The new form reportedly contains 55 segment-wise clauses, ...

Draft Income Tax Rules 2026: Redesigned income tax return (ITR) forms, broader criterion for applicability of ITR forms, and more pre-filled details are some of the changes that income taxpayers can ...

The tax and ITR (Income Tax Return) filing system in India is set to undergo a major transformation starting April 1, 2026. The over-60-year-old system is being replaced by the concept of a "Tax Year, ...

The Central Board of Direct Taxes (CBDT) has released the draft Income-tax Rules and Forms ahead of the Income-tax Act, 2025, coming into force on April 1. Kuldeep Singh explains the key changes and ...

The draft income tax rules released by India’s government for public comments are a marked improvement on what’s currently in force. For one, the number of rules and forms will almost be halved. For ...