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Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026.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...
Budget 2026 introduces sweeping retrospective amendments affecting limitation, reassessment jurisdiction, DIN validity, and TPO timelines. The changes directly impact ongoing appeals, rectification, revision, and reassessment proceedings, altering litigation strategy for taxpayers and authorities alike.
DGFT’s sudden reduction in RoDTEP rates reduces FOB margins by 1–2%, compelling exporters to reassess pricing and cost strategies immediately.
Budget 2026 retains existing income tax slabs but revises TCS, STT, and compliance timelines. The key takeaway is simplified procedures, rationalized penalties, and expanded exemptions across sectors.
The amendment confirms that once a draft assessment order is issued within limitation, DRP and final assessment timelines operate independently under Section 144C.
Budget 2026 proposes easing valuation rules for post-sale discounts, but existing Section 15(3)(b) conditions continue to apply until notified.
Budget 2026 introduces electronic system for lower or nil TDS certificates from 1 April 2026, impacting cash flow, MSMEs and compliance duties.
After taxing full buyback proceeds as dividend from October 2024, Budget 2026 restores capital gains taxation to correct structural distortions. The reform ensures only real gains are taxed and protects minority investors.
The government introduces unified safe harbours, faster APAs, and reduced litigation burdens to enhance certainty for multinational enterprises.
Budget 2026 introduces a six-month window to regularise undisclosed foreign assets with reduced penalties and immunity under the Black Money Act.
The Budget focuses on simplification, predictability, and targeted incentives, introducing the Income Tax Act, 2025 and major compliance reforms.
