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Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026.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...
The Finance Bill 2025 rationalizes tax loss carry forward rules under M&A by limiting it to 8 years from the original computation year.
Learn how to achieve tax-free rental income of ₹20,00,000 by leveraging deductions under Section 24 of the Income Tax Act, 1961, and understanding the latest provisions from the Union Budget 2025.
Budget 2025 extends tax incentives for IFSC units, exempts IFSC insurance premiums, and simplifies fund management rules, aiming to boost financial services in GIFT City.
Budget 2025 revises block assessment rules for search cases, covering undisclosed income, assessment procedures, penalties, and time limits under I-T Act Sections 158B-158BG.
India’s Finance Minister, Nirmala Sitharaman, presented the Union Budget for 2025-26 on February 1 in Parliament. The budget introduces significant reforms, including the removal of income tax liability (under the new regime) for individuals earning up to INR 1.2 million annually, excluding special income.
Union Budget 2025 introduces tax reforms, including zero tax up to ₹12 lakh income, reduced TDS/TCS compliance, and exemptions on life-saving drugs and EV components.
Explore proposed Budget 2025 changes in TDS/TCS provisions, including revised thresholds and rates. Learn how these amendments aim to simplify tax compliance.
The Budget 2025 introduces significant reforms in personal income tax, aimed at providing relief to middle-class taxpayers while simplifying the tax structure. The proposed changes focus on increasing the tax exemption limit, rationalizing tax slabs under the new regime, and ensuring greater disposable income in the hands of individuals. With a higher rebate threshold and […]
Budget 2025 highlights key reforms in rural development, manufacturing, and taxation, including tax exemption up to ₹12 lakh and financial sector reforms.
Compare Old vs. New Tax Regimes for FY 2025-26. Check tax slabs, deductions, rebates, and use the tax calculator to estimate your tax liability.
