Income Tax : The proposed amendment to the Income-tax Act confirms that compensation received under the RFCTLARR Act will be exempt from income...
Goods and Services Tax : The Budget 2026 amendment to the intermediary provision raises questions about the validity of ongoing GST disputes. Without a sav...
Income Tax : Cryptocurrency gains in India are taxed at 30% with 1% TDS under the VDA regime. Budget 2026 strengthens reporting rules, making a...
Income Tax : Budget 2026 proposes reducing the stay-of-demand deposit from 20% to 10% of core tax demand under Section 220(6), offering relief ...
Income Tax : The Central Government, in the Union Budget 2026, has proposed an important amendment concerning employee welfare funds. The objec...
Income Tax : A focused session breaks down recent Budget amendments affecting NRI taxation. It highlights how changes impact income, investment...
Custom Duty : The new rules enhance duty-free allowances and introduce digital declarations. The overhaul aims to speed up clearance and improve...
Income Tax : The Government said STT rate changes are reviewed annually during the Budget. No decision on increasing STT has been taken yet....
CA, CS, CMA : Budget 2026 prioritises easing compliance, reducing penalties, and cutting litigation rather than raising tax rates. The reforms a...
Custom Duty : New baggage rules and processing regulations are notified, replacing earlier frameworks and aligning customs procedures for passen...
Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026. The rescission is ...
Excise Duty : The government has extended key excise provisions and introduced a specific duty structure for CNG blended with biogas. The key ta...
Excise Duty : The government has reduced the effective National Calamity Contingent Duty on specified tobacco products. The key takeaway is a ca...
Custom Duty : The notification introduces fully electronic baggage declarations, standard CBD forms, and risk-based checks to simplify passenger...
Custom Duty : The new rules revise general free allowance, laptop eligibility, and jewellery limits. Passengers must now assess baggage entitlem...
The proposed amendment to the Income-tax Act confirms that compensation received under the RFCTLARR Act will be exempt from income tax. The change aims to remove uncertainty and provide relief to landowners.
The Budget 2026 amendment to the intermediary provision raises questions about the validity of ongoing GST disputes. Without a saving clause, taxpayers may argue that pending proceedings lack statutory support.
Cryptocurrency gains in India are taxed at 30% with 1% TDS under the VDA regime. Budget 2026 strengthens reporting rules, making accurate disclosure and reconciliation in ITR essential for taxpayers.
Budget 2026 proposes reducing the stay-of-demand deposit from 20% to 10% of core tax demand under Section 220(6), offering relief to taxpayers disputing assessments.
The Central Government, in the Union Budget 2026, has proposed an important amendment concerning employee welfare funds. The objective of this change is to rationalize the provisions relating to the allowability of deduction under the Income-tax Act for employee contributions deducted from salaries towards welfare funds such as the Employees’ Provident Fund (EPF), Employees’ State Insurance (ESI), and similar statutory funds.
The Maharashtra Budget 2026–27 emphasizes welfare schemes, infrastructure development, and agricultural relief. Major announcements include power bill waivers for farmers and large investments in transport and rural development.
A significant change proposed in the current Union Budget relates to the disallowance of deduction of interest expenditure incurred on borrowings used for earning dividend income or income from units of mutual funds. The proposal seeks to amend Section 93(2) of the Income-tax Act, 2025, and is intended to come into effect from 1 April 2026.
The discussion highlights that differential tax treatment must satisfy the reasonable classification test under Article 14 of the Constitution. Incentives lacking a rational connection to policy objectives may face constitutional challenges.
Budget 2026 restricts capital gains exemption on SGB redemption to original subscribers only. Secondary market investors redeeming after 1 April 2026 will now face capital gains tax.
Non-resident experts under notified government schemes will not be taxed on foreign income for five years, provided residency conditions are satisfied.
