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Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026.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 issue concerns prolonged rectification and recovery pressures. The proposal seeks strict timelines, deemed approvals, and automatic stay of demands.
Section 194T introduces a flat 10% TDS on partner remuneration and interest, sharply reducing monthly liquidity for small firms. The key takeaway is that blocked refunds and borrowing costs may outweigh any compliance benefit.
The issue covered is how and when India’s Budget is presented and who set major records. The takeaway is an overview of important milestones, from timing changes to paperless budgets.
This article outlines major direct and indirect tax expectations from Budget 2026–27. The key takeaway is a push toward simpler compliance and higher taxpayer confidence.
The Budget is expected to further rationalise import duties to offset high metal prices and strengthen global competitiveness of jewellery exports. The key takeaway is cost relief to revive demand and exporter margins.
The 15 Vital Recommendations for GST for Budget 2026 propose practical reforms to restore GST neutrality, reduce litigation, and unlock working capital. A key suggestion is to revisit Section 17(5) blocked credits and align them with Income-tax principles so that ITC is allowed for genuine business expenditures.
The proposal highlights inequities under individual taxation for single-earner families. Joint filing could align tax liability with household income capacity.
