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Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026.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...
Expert Committee to be set up to recommend the structure and required flow of funds through development finance institutions Regulation Authority over Housing Finance Sector proposed to be given to RBI Separation of NPS Trust from PFRDA proposed Six months’ Partial Credit Guarantee proposed to be provided to Public Sector Banks (RSBs) The Government has […]
India to move towards harnessing its space capability commercially, New Space India Limited (NSIL) incorporated towards this end Company to spearhead commercialization of various space products New Space India Limited (NSIL) has been incorporated as a new commercial arm of Department of Space. This was stated by the Union Minister of Finance and Corporate Affairs, […]
Government sets enhanced target of Rs 1,05,000 crore of disinvestment during 2019-20 Strategic disinvestment of Air India proposed to be reinitiated More CPSEs proposed for strategic participation by private sector Government is setting an enhanced target of Rs 1,05,000 crore of disinvestment receipts for the financial year 2019-20 said the Union Minister of Finance & […]
Union Budget proposes permitting 100% Foreign Direct Investment (FDI) for insurance intermediaries Easing of Local Sourcing Norms also proposed for FDI in Single Brand Retail sector Rationalization of existing Know Your Customer (KYC) norms for FPIs contemplated to make it more investor friendly NRI-Portfolio Investment Scheme Route proposed to be merged with Foreign Portfolio Investment […]
India’s FDI inflows in 2018-19 remained strong at USD 64.375 billion marking a 6% growth over the previous year. The Finance Minister proposed the following steps to further consolidate the gains in order to make India a more attractive FDI destination:
India to become a 3 trillion Dollar Economy this year and a 5 trillion Dollar Economy by 2024-25 India requires Investments averaging Rs. 20 lakh crores every year Gone are the days of policy paralysis and license-quota-control regimes: Finance Minister
The Union Minster of Finance and Corporate Affairs, Nirmala Sitharaman said that the Government proposes to start a channel within the DD bouquet of channels exclusively for start-ups.
Ministry of Finance Policy Measures to promote Growth and Employment Generation in Indian Economy Posted On: 05 JUL 2019 1:50 PM by PIB Delhi The Union Budget 2019-20 presented today by Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, lays down a vision for India becoming a 5 trillion dollar economy by 2024-25. […]
Major Point of Union Budget As presented by Union Minister Of finance 2019 (Part –A) > Economy from $ 1.85 trillion in 2014 to $2.7 trillion and expected to reach $3 trillion in 2019 itself. > National Education Policy:-To Changes in school higher education. > Stand up India to continue till 2025. > 95% of […]
The first budget of Modi government is present today by Nirmala Sitharaman following are the top 100 highlights of budget 1. No income tax for less than 5 lakh per annum income 2. 3% Increase in surcharge for individuals with incomes between 2 to 5 cr. 7% increase in surcharge for incomes above 5 cr […]
