CBDT has notified the procedure for registration of reporting persons/entities and submission of Form No. 98 under Rule 160 of the Income-tax Rules, 2026. Businesses covered by the reporting framework should review registration and filing requirements

CBDT has notified the rules and prescribed forms for the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026, introducing a compliance framework for eligible taxpayers with overseas assets.

The Income Tax Department has made the ITR-6 offline utility available for AY 2026–27, relevant primarily for companies required to file their corporate income-tax returns

With return-filing utilities becoming available, companies should reconcile financial statements, tax computations, TDS credits and applicable audit/transfer-pricing requirements ahead of statutory deadlines.