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Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026.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...
Govt amends Customs Notification 153/94, updating classifications under chapters 86, 88, and 89. Changes effective from February 2, 2025.
Govt modifies Customs Notification 19/2019, updating classifications for ammunition imports. Changes effective from February 2, 2025.
Budget 2025 amends notification to exempt more capital goods from basic customs duty for lithium-ion battery manufacturing for mobiles and EVs.
Budget 2025 amends Customs Notification No. 57/2017 to revise BCD rates on inputs/parts for mobile phone manufacturing and high-tech telecom equipment.
Budget 2025 amends Notification No. 16/2017-Customs, exempting specific drugs supplied under Patient Assistance Programs by leading pharmaceutical companies.
Govt revises import duties under Notification 08/2025, affecting goods like motor vehicles, PVC products, and footwear. Changes take effect from February 2, 2025.
Govt revises customs duties under Notification 07/2025, affecting goods like vehicles, jewelry, medical equipment, and electronics. Effective February 2, 2025.
Govt revises AIDC rates on goods via Notification 06/2025-Customs. Changes include rates for marble slabs, PVC films, footwear, and others.
Detailed summary of Notification No. 05/2025-Customs outlining amendments to BCD rates on various goods, including fish products, medicines, and industrial materials.
Notification 04/2025-Customs exempts import duty on specified goods as part of tariff rationalization, effective February 2, 2025. Read details on exempted items here.
