Income Tax : Establishes that higher tax burdens on promoters under the new regime require companies to reassess payout strategies. The takeawa...
Finance : The Supreme Court has allowed taxpayers to challenge retrospective amendments validating JAO reassessment actions. It stayed ongoi...
Income Tax : The issue arose from taxing buybacks as dividends, causing higher tax burden and unusable capital losses. The reform restores capi...
Income Tax : The Supreme Court has admitted a case to resolve conflicting interpretations of due dates for PF/ESI contributions. The ruling wil...
Income Tax : The Budget 2026 proposes shifting buyback taxation from dividend to capital gains. Promoters will face an additional tax to preven...
Income Tax : The amendments focus on reassessment timelines, electronic communication, and procedural clarity. The changes aim to reduce litiga...
Income Tax : MPTCA urges the Finance Ministry and CBDT to reconsider the proposed late fee for delayed tax audit reports in the Finance Bill, 2...
Income Tax : The Government introduced reforms to simplify tax dispute resolution, including broader immunity provisions and expanded scope for...
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 Finance Act, 2026 prescribes income-tax rates, surcharge, and cess for the assessment year 2026–27. It establishes the legal...
Income Tax : CBDT updated DIN rules to align with new provisions introduced under the Finance Act, 2026. The circular mandates DIN for most tax...
Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026.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...
The amendment permits associated enterprises affected by an APA to file or modify returns. This enables proper tax adjustment and refund claims aligned with the agreement.
Foreign companies procuring data centre services in India can claim income-tax exemption up to 2047. The relief is conditional on using Indian-owned, government-notified data centres and Indian resellers.
The Finance Bill, 2026 allows tax deduction for exploration expenses on newly notified critical minerals. The move incentivises investment in mineral prospecting under section 51.
Foreign companies providing machinery or tooling to Indian contract manufacturers can claim income-tax exemption. The move supports electronics manufacturing in customs bonded zones.
The amendment removes MAT for additional specified non-resident businesses taxed on a presumptive basis. This ensures uniform tax treatment across all eligible activities and avoids unintended MAT exposure.
The proposal exempts qualifying non-resident individuals from tax on foreign-source income for five years. It applies when services are rendered in India under a notified government scheme, subject to conditions.
The proposed amendment doubles the deduction period for IFSC units. It offers long-term tax certainty to boost global competitiveness.
Advances between group entities will qualify for dividend exclusion only if both entities are located outside India. The amendment reduces ambiguity and aligns with global treasury operations.
Explains how Budget 2026–27 restructures tax provisions to reduce compliance burden and improve taxpayer experience. Highlights key exemptions, procedural simplifications, and enforcement rationalisation.
The Finance Bill proposes a sharp increase in the penalty for failing to furnish information. The move aims to improve compliance and deterrence.
