Income Tax
Income-tax, TDS and TCS: rules, circulars, due dates and court rulings.
3stories · New facility
September 2026
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Income-tax data sharing under section 258: CBDT to give Yes/No income flags to Andhra Pradesh for welfare schemes and to the Petroleum Ministry
Yes / No / Not Available flagsNew facilityCBDT has issued two orders under section 258(1) of the Income-tax Act, 2025 naming the Director General of Income-tax (Systems), Delhi as the authority to share information. Andhra Pradesh will get a flag on whether a person crosses an agreed income threshold, to identify welfare-scheme beneficiaries. The Ministry of Petroleum and Natural Gas will get flags on five questions, in an order that replaces one of 17 June 2025.
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Depositories and mutual fund RTAs to report capital-gains data to the Income Tax Department every half year: SFT-2517 and SFT-2518 formats notified
By 31 October and 30 AprilNew facilityThe Directorate of Income Tax (Systems) has notified the format and procedure for two statements of financial transactions under section 508(1) of the Income-tax Act, 2025: SFT-2517 for depositories and SFT-2518 for registrars and share transfer agents of mutual funds. The data, used to pre-fill capital gains in the return, is due half-yearly — by 31 October and 30 April — and must also be given to the account holder.
August 2026
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Foreign Assets of Small Taxpayers Disclosure Scheme: rules and forms notified; last date is 31 December 2026
31 December 2026New facilityThe Scheme’s rules, notified on 14 August 2026 and in force from 16 August, fix 31 March 2026 as the valuation date, set out how each foreign asset is valued, and prescribe Forms 1 to 4 for the declaration, the order, the payment and the final certificate.
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