Finance Act, 2026 changes transfer pricing deadlines, APA returns and report fees
Finance Act, 2026 fixes TPO order deadlines, lets associated enterprises file returns in line with an APA and sets a fee for a late section 172 report.
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Income Tax
Income tax, TDS and TCS: CBDT notifications and circulars, return deadlines and rule changes.
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CBDT signs record 219 advance pricing agreements in FY 2025-26
CBDT signed a record 219 advance pricing agreements in FY 2025-26, including 84 bilateral APAs, taking the total since the programme began to 1,034.
Read updateCBDT sets 15.5% safe harbour margin for IT services in Income-tax Rules, 2026
Income-tax Rules, 2026 set a 15.5% safe harbour margin for IT services up to ₹2,000 crore, with a five-year option, plus terms for loans and guarantees.
Read updateIncome-tax Systems directorate sets 26-character UIN for Form 121 declarations
Payers must give each Form No. 121 declaration a 26-character UIN and report it on the e-filing portal and in TDS statements, from 1 April 2026.
Read updateCBDT notifies no TDS on aircraft lease rent paid to IFSC units
Lessees paying aircraft lease rent to an IFSC unit need not deduct TDS under section 393(1) once they receive Form 1(N), CBDT says, effective 1 April 2026.
Read updateCBDT notifies no TDS on specified payments to 14 types of IFSC units
Payers need not deduct TDS on specified fees, interest, commission and dividends paid to 14 types of IFSC units that furnish Form 1(N), from 1 April 2026.
Read updateCBDT brings TDS on property bought from non-residents under Form 141
From 1 October 2026, resident individuals and HUFs buying property from a non-resident must use Form 141 for TDS, under CBDT Notification 121/2026.
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