India’s New ITR Forms Mandate Enhanced Transparency and Streamlined Capital Gains for AY 2026-27
Explore India’s new ITR forms for AY 2026-27, enhancing transparency for entities and simplifying capital gains reporting.
Income Tax
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Navigating the New Income Tax Return Forms: A Guide for Salaried and Cross-Border Professionals
As the tax authorities finalize the Income Tax Return (ITR) forms for the 2025–26 fiscal year, individual taxpayers—particularly those with cross-border income—face a more stringent reporting landscape that demands greater precision. The updated requirements, introduced to enhance transparency and streamline compliance, necessitate that salaried employees and globally mobile professionals meticulously categorize their income streams, foreign…
Bombay Dyeing Faces ₹574 Crore Income Tax Assessment Adjustment
Tax Assessment Developments The Bombay Dyeing & Manufacturing Company Ltd (BDMCL) has officially received an income tax assessment order for the 2023-24 assessment year, resulting in an income enhancement of ₹574 crore. The order, issued by the Income Tax Department, follows a scrutiny assessment process that highlights significant adjustments to the textile manufacturer’s reported financial…