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 : 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...
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...
Goods and Services Tax : Discover the key amendments in the Finance (No. 2) Bill, 2024, affecting CGST, IGST, UTGST, and Cess Act, including tax exemptions...
Income Tax : A petition has been filed in the Madras High Court challenging the section 271J of the Income Tax Act inserted vide Finance Act 2...
Income Tax : U/s 250(4), the CIT (A) has the power to direct enquiry and call for evidence from the assessee. Under Rule 46A, the assessee has ...
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Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026.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...
Seeks to rescind the countervailing duty (CVD) imposed on imports of Certain Hot Rolled and Cold Rolled Stainless Steel Flat Products originating in or exported from China PR which was imposed by vide Notification No. 1/2017- Cus (CVD) dated 07.09.2017. CBIC notifies Notification No. 1/2022-Customs (CVD) dated 1st February, 2022 to give effect to above […]
Seeks to further amend Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 so as to simplify and automate the procedures vide Notification No. 07/2022-Customs (N.T.) dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE […]
Seeks to rescind the anti-dumping duty imposed on imports of Flat rolled product of steel, plated or coated with alloy of Aluminum or Zinc originating in or exported from China PR, Vietnam and Korea RP vide Notification No. 16/2020-Cus (ADD) dated 23.06.2020 vide Notification No. 07/2022-Customs (ADD) Dated 1st February, 2022 to give effect to […]
seeks to rescind the anti-dumping duty imposed on imports of High Speed Steel of Non-Cobalt Grade originating in or exported from Brazil, China PR and Germany vide Notification No. 38/2019-Cus (ADD) dated 25.09.2019 vide Notification No. 06/2022-Customs (ADD) Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. […]
Seeks to rescind the anti-dumping duty imposed on imports of Straight Length Bars and Rods of alloy steel originating in or exported from China PR vide Notification No. 54/2018-Cus (ADD) dated 18.10.2018 vide Notification No. 05/2022-Customs (ADD) Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. […]
Seeks to amend various notifications giving exemption to electronic items and medical devices vide Notification No. 15/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 15/2022-Customs New Delhi, the 1st February, 2022 G.S.R.89(E). – […]
Seeks to amend notification No. 25/1999-Customs dated 28.02.1999 to omit redundant and obsolete entries. vide Notification No. 14/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 14/2022-Customs New Delhi, the 1st February, 2022 G.S.R.88(E). […]
Seeks to implement a graded BCD structure for smart meters and its parts, sub-parts and sub-assembly vide Notification No. 13/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 13/2022-Customs New Delhi, the 1st February, 2022 […]
Seeks to implement a graded BCD structure for hearable devices and its parts, sub-parts and sub assembly vide Notification No. 12/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 12/2022-Customs New Delhi, the 1st […]
Seeks to implement a graded BCD structure for wearable devices and its parts, sub-parts and subassembly vide Notification No. 11/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 11/2022-Customs New Delhi, the 1st February, […]
