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Your Gold Bond Tax Break Is Gone, Here’s What It Actually Costs You

Finance : Secondary SGB buyers must now pay 12.5% LTCG tax, unlike primary holders. The change reshapes returns and investment strategies in...

April 30, 2026 855 Views 0 comment Print

Buyback Tax Reset: Promoter Penalty and New Capital Gains Framework

Income Tax : Establishes that higher tax burdens on promoters under the new regime require companies to reassess payout strategies. The takeawa...

April 16, 2026 681 Views 0 comment Print

JAO vs FAO Controversy: Retrospective Amendments by Finance Act 2026 & Constitutional Validity

Finance : The Supreme Court has allowed taxpayers to challenge retrospective amendments validating JAO reassessment actions. It stayed ongoi...

April 13, 2026 5688 Views 0 comment Print

Buy Back Taxation – Finance Act – 2026 – Resettling the unsettled…..

Income Tax : The issue arose from taxing buybacks as dividends, causing higher tax burden and unusable capital losses. The reform restores capi...

March 30, 2026 3168 Views 0 comment Print

Section 36(1)(va) Disallowance: Budget 2026 Ends Long Litigation—What About Old Cases?

Income Tax : The Supreme Court has admitted a case to resolve conflicting interpretations of due dates for PF/ESI contributions. The ruling wil...

March 18, 2026 1314 Views 0 comment Print


Latest News


Finance Bill 2026: Notice of Amendments as introduced in Lok Sabha

Income Tax : The amendments focus on reassessment timelines, electronic communication, and procedural clarity. The changes aim to reduce litiga...

March 26, 2026 6648 Views 1 comment Print

Finance Bill 2026 Expands Immunity Even for Misreporting of Income to Reduce Tax Litigation

Income Tax : The Government introduced reforms to simplify tax dispute resolution, including broader immunity provisions and expanded scope for...

March 18, 2026 636 Views 0 comment Print

Decoding Budget Amendments in NRI Taxation – Post-Budget Special | Live Focused Session

Income Tax : A focused session breaks down recent Budget amendments affecting NRI taxation. It highlights how changes impact income, investment...

February 5, 2026 5901 Views 0 comment Print

Major Key Point of Budget 2026

CA, CS, CMA : Budget 2026 prioritises easing compliance, reducing penalties, and cutting litigation rather than raising tax rates. The reforms a...

February 2, 2026 1665 Views 0 comment Print

Budget 2026: Explanatory Memoranda to Customs and Central Excise changes

Custom Duty : New baggage rules and processing regulations are notified, replacing earlier frameworks and aligning customs procedures for passen...

February 1, 2026 1422 Views 0 comment Print


Latest Judiciary


Key GST Amendments in Finance Bill 2024

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...

July 26, 2024 5514 Views 1 comment Print

Plea in Madras HC on Penalty on CAs for Filing Wrong Information- Section 271J

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...

May 9, 2017 5796 Views 2 comments Print

In all cases where additional evidence is admitted, the CIT (A) should be considered to have exercised his powers u/s 250(4) is not acceptable

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 ...

March 18, 2012 2642 Views 0 comment Print


Latest Notifications


CBDT revises Mandatory DIN Requirement to align with Finance Act 2026

Income Tax : CBDT updated DIN rules to align with new provisions introduced under the Finance Act, 2026. The circular mandates DIN for most tax...

March 31, 2026 2262 Views 0 comment Print

Finance Act 2026

Income Tax : The Finance Act, 2026 prescribes income-tax rates, surcharge, and cess for the assessment year 2026–27. It establishes the legal...

March 30, 2026 3864 Views 0 comment Print

CBIC rescinds notification No. 5/2023-Central Excise dated 1.2.2023

Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026. The rescission is ...

February 1, 2026 1041 Views 0 comment Print

CBIC Exempts Biogas in Blended CNG from Excise Value; Defers Additional Duty on Diesel

Excise Duty : The government has extended key excise provisions and introduced a specific duty structure for CNG blended with biogas. The key ta...

February 1, 2026 1260 Views 0 comment Print

Central Excise Notification Caps NCCD on Chewing & Jarda Scented Tobacco at 25%

Excise Duty : The government has reduced the effective National Calamity Contingent Duty on specified tobacco products. The key takeaway is a ca...

February 1, 2026 4749 Views 0 comment Print


Budget 2025 Synopsis: Tax Reforms & Economic Initiative

February 18, 2025 1377 Views 0 comment Print

Budget 2025 focuses on economic growth, tax reforms, and infrastructure. Key changes include new tax rates, financial sector reforms, and investment incentives.

India’s 2025-26 Budget: A Leap Towards Growth & Sustainability

February 18, 2025 1551 Views 2 comments Print

India’s 2025-26 budget focuses on sustainability, inclusive growth, and a Viksit Bharat vision, with emphasis on clean energy, agriculture, and job creation.

Budget 2025 Income Tax Changes: Key Highlights & Updates

February 14, 2025 6477 Views 0 comment Print

Budget 2025 highlights income tax changes, revised tax slabs, TDS amendments, IFSC incentives, updated return filing limits, and deductions under NPS & savings schemes.

An Overview of New Income Tax Bill, 2025

February 13, 2025 6972 Views 1 comment Print

New Income Tax Bill 2025, replacing the 1961 act, focuses on simplification and clarity. Learn about the key changes and retained provisions

Income Tax Bill 2025: Executive Summary on Income Tax Act Simplification

February 13, 2025 4374 Views 0 comment Print

Income-Tax Bill 2025 simplifies tax laws by reducing sections, chapters, and words while ensuring no policy or tax rate changes. Key details on the new framework.

New Income Tax Bill 2025: FAQs on Key Changes

February 13, 2025 12186 Views 0 comment Print

Understand key changes in proposed Income Tax Bill 2025. This FAQ covers definitions, tax year, non-profits, exemptions, salary, house property and business income provisions.

New Income-Tax Bill 2025: Section Mapping & Updates

February 13, 2025 9156 Views 0 comment Print

Explore the section mapping of the New Income-Tax Bill 2025, comparing provisions with the Income-Tax Act, 1961. See key changes, omissions, and updates.

Safari Saga: Finance Act 2025 Amends GST ITC Rules for Construction

February 13, 2025 5322 Views 0 comment Print

The Finance Act 2025 retroactively amends GST ITC provisions, limiting credits for construction of immovable properties, impacting leasing and renting activities.

वरिष्ठों को भी सभी स्तोत्रों से प्राप्त बारह लाख तक आय पर टैक्स छूट नहीं देना कहाँ तक उचित

February 13, 2025 1482 Views 2 comments Print

बजट में गैर-पेंशनभोगी वरिष्ठों को कर राहत न मिलने से उनकी आर्थिक कठिनाइयाँ बढ़ रही हैं। सरकार को 12 लाख तक की आय पर छूट देने पर विचार करना चाहिए।

Union Budget 2025-26: Economic Growth & Direct Tax Reforms

February 12, 2025 1458 Views 0 comment Print

Budget 2025-26 focuses on growth, tax relief, and investment. GDP projected at 6.3-6.8%, new tax slabs ease burden on middle class, and economic reforms drive progress.

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