Income Tax : Budget 2026 has extended the due dates for ITR-3, ITR-4, and revised returns, offering taxpayers greater flexibility. Understandin...
Income Tax : The article explains how the Finance Act, 2026 replaced the deemed dividend framework with capital gains taxation. The change allo...
Income Tax : Taxpayers now get three extra months to correct mistakes in originally filed income tax returns. The revised return mechanism rema...
Finance : Secondary SGB buyers must now pay 12.5% LTCG tax, unlike primary holders. The change reshapes returns and investment strategies in...
Income Tax : Establishes that higher tax burdens on promoters under the new regime require companies to reassess payout strategies. The takeawa...
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 : CBDT updated DIN rules to align with new provisions introduced under the Finance Act, 2026. The circular mandates DIN for most tax...
Income Tax : The Finance Act, 2026 prescribes income-tax rates, surcharge, and cess for the assessment year 2026–27. It establishes the legal...
Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026.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 issue was denial of deduction to non-life insurers where TDS was not deducted or paid on time. The amendment allows such expenses to be claimed later once TDS compliance is completed.
The Bill introduces relief on post-supply discounts, export taxation, refunds and intermediary services. It also simplifies customs procedures and expands automation to reduce compliance friction.
Limited but impactful GST amendments streamline valuation, refunds, and dispute resolution. The key takeaway is reduced litigation and faster cash flow for exporters and manufacturers.
The Budget shifts intermediary services to a recipient-based place of supply and extends provisional refunds to IDS. The key takeaway is alignment with destination-based GST and improved liquidity.
Budget 2026 introduces focused GST fixes and sweeping Customs reforms. The key takeaway is simplification, export competitiveness, and faster trade flows.
This explains how post-sale discount compliance and refund procedures are eased under the Finance Bill, 2026. The key takeaway is reduced litigation and faster cash flows for taxpayers.
The Budget proposes replacing the Income Tax Act, 1961 with the new Income Tax Act, 2025 from April 2026. The key takeaway is a simplified, modern tax law designed for easier compliance.
Budget 2026 shifts customs policy from layered exemptions to clearer tariff rates embedded in the schedule. The key takeaway is improved certainty and easier compliance for importers and exporters.
The Budget shifts multiple exemptions into the Customs Tariff, simplifying compliance without raising effective duties. The changes aim to correct duty inversion and strengthen domestic value addition.
Major amendments cover decriminalisation of offences, conversion of penalties into fees, and rationalisation of MAT and TCS rates. The reforms aim to reduce disputes while ensuring proportional enforcement.
