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Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026.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...
Notification No. 20/2018-Customs Seeks to exempt Additional Duty of Customs (Road Cess) levied under section 116 of the Finance Act, 1999
Notification No. 19/2018-Customs Seeks to exempt Additional Duty of Customs (Road Cess) levied under section 103 of the Finance ( No. 2) Act, 1998
Central Government rescinds notification No. 59/99-Customs, dated11th May, 1999, published in Gazette vide, number 331( E), dated 11th May, 1999, except as respects things done or omitted to be done before such rescission.
Central Government rescinds notification No. 57/98-Customs, dated 1st August, 1998, published in the Gazette vide, number 420(E), dated the 1st August, 1998, except as respects things done or omitted to be done before such rescission.
Central Government rescinds notification No. 7/2015–Customs, dated 1st March, 2015, published in Gazette vide, number 129(E), dated the 1st March, 2015, except as respects things done or omitted to be done before such rescission.
Central Government rescinds notification No. 6/2015–Customs, dated 1st March, 2015, published in Gazette vide, number G.S.R. 128(E), dated1st March, 2015, except as respects things done or omitted to be done before such rescission.
Notification No. 13/2018-Customs Seeks to exempt Integrated tax and Goods and Services Tax (IGST) compensation cess on imported goods from the whole of levy of Social Welfare Surcharge
Notification No. 12/2018-Customs -Seeks to exempt specified goods from levy of Social Welfare Surcharge in excess of 3%- Motor spirit commonly known as petrol, High speed diesel (HSD)
CBEC exempt specified goods from the whole of levy of Social Welfare Surcharge- All goods falling under the following headings or sub-headings or tariff items- 0207 13 00, 0207 14 00, 0402 21 00,0402 10, 0405 10 00, 0405 90,
Notification No. 10/2018-Customs Seeks to rescind notification No. 28/2007-Customs dated 01.03.2007 exempting specified goods from the levy of Secondary and Higher Education (SHE) Cess
