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Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026.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 Finance Bill, 2026 proposes a comprehensive rationalisation of Tax Collected at Source (TCS) rates under section 394(1) of the Income-tax Act, 2025, with the objective of simplifying compliance and providing relief to taxpayers where feasible. Multiple differential TCS rates are proposed to be aligned to a uniform rate of 2% across several categories.
The Finance Bill, 2026 clarifies who can issue notices under sections 148 and 148A. It confirms that only jurisdictional Assessing Officers, not faceless units, can conduct pre-notice inquiries.
The Finance Bill, 2026 proposes a clear income-tax exemption for compensation received on compulsory land acquisition. This aligns the tax law with the RFCTLARR Act and eliminates long-standing uncertainty.
The Finance Bill, 2026 proposes revised return-filing timelines to give taxpayers more preparation time. Non-audit business taxpayers gain an extended August deadline.
The Finance Bill, 2026 proposes extending the revised return filing window to twelve months. This gives taxpayers more time to correct mistakes, even after filing belated returns.
The scheme allows eligible taxpayers to declare undisclosed foreign income or assets with payment of prescribed dues and limited immunity under the Black Money law.
The Finance Bill, 2026 proposes immunity from prosecution for undisclosed foreign assets below ₹20 lakh, excluding immovable property. The key takeaway is reduced criminal exposure for minor and inadvertent lapses.
The amendment replaces the fund-specific due date with the return-filing deadline for claiming deductions. Employers gain greater compliance flexibility going forward.
The Finance Bill, 2026 continues the same tax slabs and rates as the previous year. Individuals, companies and other entities see no increase in income-tax burden.
The law now permits deduction of post-supply discounts even if decided later. This eases commercial flexibility and reduces valuation disputes.
