Legal
Sources
Last updated: 2026-10-07
Every number traces to a source
Tax rates, deduction limits, compliance deadlines, form fields, and penalty amounts on FinWiz24 each come from a primary source checked on the page's "last updated" date. This page explains what counts as a source and where to find them yourself.
Income Tax Act 2025
The Income Tax Act 2025 (the Act) is the primary law. It received Presidential assent and came into force on 1 April 2026. The Act text is available at incometaxindia.gov.in. We cite section numbers only after verifying them against the Act or the Income Tax Department's own guidance — never from memory or a secondary summary.
Income-tax Rules 2026
The Income-tax Rules, 2026 (the Rules) were notified by CBDT on 20 March 2026 (G.S.R. 198(E), Notification 22/2026) and apply from 1 April 2026. They replace the Income-tax Rules 1962. We cite Rule numbers against the 2026 Rules only.
CBDT and RBI circulars
For anything interpreting the Act — clarification on filing deadlines, new ITR forms, changes to TDS rates, or banking-omnibus rules that affect tax deduction at source — we rely on CBDT circulars (incometax.gov.in) and RBI master directions (rbi.org.in). Where they conflict, the circular wins for tax-specific matters.
GST Council and CBIC
For GST pages, primary sources are GST Council press releases and FAQ (gstcouncil.gov.in), PIB press releases (pib.gov.in), and CBIC notifications (gst.gov.in). GST rates we publish are the latest notified rates — we re-verify after every Council meeting.
Government portal links
Every published number carries a link to the exact document it comes from — a specific notification, circular, or form instruction. Portal home pages are not citations; the deep link to the specific section is. When a document has no stable URL, we cite its full name, G.S.R. number, and the issuing body.
Tier 3 — credible financial media (context only)
When a market-level claim cannot be sourced from a government document, we look to credible Indian financial outlets — and only as context, never as the first source. Examples we accept: Mint (livemint.com), The Economic Times (economictimes.indiatimes.com), Business Standard (business-standard.com), The Hindu Business Line (thehindubusinessline.com), Moneycontrol (moneycontrol.com), and Reuters India. A claim supported only by these outlets is labelled as "industry reporting" on the page where it appears.
What we never use as the first source
Aggregator rate summaries, WhatsApp forwards, press releases claiming "industry-best" without a number, and social-media threads. We also exclude competitor tax sites, since their numbers sometimes trace back to summaries rather than the original Act or Rules. Those can tell us something changed; verification still happens in the primary document.
Verify us
Every claim is checkable by you — the same documents are public. If you find a figure that contradicts the Act or the latest notification, the corrections process exists for exactly that.