IncometaxNagpur

Myth vs Fact Addressing misconceptions around income tax. HRA exemption does not necessarily result in similar tax savings. Informed taxpayers make better financial and compliance decisions. @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

EPISODE 08: New Form 97 and 98 (erstwhile Form 60 and 61) #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

Old forms 60 and 61 have been replaced with new forms 97 and 98. ✅Form 97 – Filed by persons not possessing PAN and entering into specified transactions. ✅Form 98 – Filed by persons receiving Form 97 declarations. Link to access detailed brochure on the above-mentioned forms: incometaxindia.gov.in/documents/d/gu… #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

Old form 27EQ has been replaced with new form 143. ✅Form 143 - Quarterly statement of TCS filed by collector. Link to access detailed brochure on the above-mentioned form: incometaxindia.gov.in/documents/d/gu… #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

Old form 49AA has been replaced with new forms 95 and 96. ✅Form 95 - PAN allotment application form filed by individual not being citizen of India. ✅Form 96 - PAN allotment application form filed by entities incorporated outside India. Link to access detailed brochure on the above-mentioned forms: incometaxindia.gov.in/documents/d/gu… #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

EPISODE 08: New Form 39 (erstwhile Form 10E) #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

Old form 49B has been replaced with new forms 134 and 135. ✅Form 134 - TAN allotment application form for Government entities. ✅Form 135 - TAN allotment application form for Non-Government entities including individuals, companies and firms. Link to access detailed brochure on the above-mentioned forms: incometaxindia.gov.in/documents/d/gu… #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

EPISODE 07: New TAN Forms 134 & 135 (erstwhile Form 49B) #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

Old Forms 3CA, 3CB and 3CD have been replaced with a single New Form 26. ✅Form 26 - Statutory Audit Report for certain individuals and entities engaged in business or a profession, based on specific financial thresholds. #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

Old Form 49A has been replaced with New Forms 93 and 94. ✅Form 93 – PAN allotment application for individual Indian citizens. ✅Form 94 – PAN allotment application for Indian entities/companies. #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

Episode 5 : New Form 112 for NPO Audits (erstwhile Form 10B and 10BB) #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

Old Forms 10B and 10BB have been replaced with New Form 112. ✅Form 112 – Audit report for registered Non-profit Organizations (NPOs). #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

Episode 6: New Form 26 for Tax Audit Reporting (erstwhile Forms 3CA, 3CB, and 3CD ) #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

💠 From 1 April 2026, the Income-tax Act, 2025 comes into force, ushering in a simpler, clearer and more reader-friendly direct tax framework. 💠 With new Rules and simplified Forms already notified, today marks a new chapter in India' direct tax administration and an important step towards Viksit Bharat Details in the press release. #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

Episode 4 : New Form 145 for Foreign Remittance Foreign remittance compliance made Simpler and Smarter. #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

Old Form 10E has been replaced with New Form 39. ✅Form 39 - To claim relief in case of salary arrears or other specified receipts. #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

Old Form 15CA has been replaced with New Form 145. ✅Form 145 - Declaration for Foreign Remittance. ✅Foreign remittance compliance made Simpler and Smarter. #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

EPISODE3: Old Forms 24Q and 26Q Now Become Forms 138 and 140 Quarterly TDS statements for salaried and non salaried payments #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

Old Forms 24Q and 26Q have been replaced with New Forms 138 and 140. ✅These are quarterly TDS statements. ✅Form 138 - for salary payments. ✅Form 140 - for other payments. #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

Episode 2: The numbers, Simplification and Integration. #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India