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Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026.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 government has reduced the effective National Calamity Contingent Duty on specified tobacco products. The key takeaway is a capped duty rate of 25% from May 2026.
The notification introduces fully electronic baggage declarations, standard CBD forms, and risk-based checks to simplify passenger compliance and speed up customs clearance.
The new rules revise general free allowance, laptop eligibility, and jewellery limits. Passengers must now assess baggage entitlements under the updated framework effective February 2026.
The amendment updates Rule 4 of the Deferred Payment of Import Duty Rules with new monthly timelines. Importers must now pay deferred duty by the 1st of the following month, with a special rule for March.
The government expands the deferred duty payment scheme by adding manufacturer importers as an eligible class. The key takeaway is a cash-flow relief through deferred customs duty payments until 31 March 2028.
While certain customs exemption notifications stand rescinded, the government has ensured no retrospective impact. The ruling draws a clear line between past compliance and future liability.
The government has amended an existing customs notification to replace references to the Baggage Rules, 2016. The key takeaway is alignment of customs provisions with the new baggage framework.
The government has revised customs exemptions by inserting new tariff headings and omitting select entries. The key takeaway is a targeted rationalisation of duty benefits effective from April–May 2026.
The government has comprehensively amended customs duty exemptions by withdrawing many entries from April–May 2026 while extending several strategic exemptions up to March 2028. The move realigns incentives with policy priorities in energy, defence, healthcare, and manufacturing.
The government has extended the validity of multiple customs exemption notifications up to 31 March 2028. The key takeaway is continued duty relief and certainty for eligible imports.
