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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 873 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 5733 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 3201 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 1320 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 6666 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 639 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 5904 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 1668 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 1425 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 5802 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 2645 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 2286 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 3888 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 4764 Views 0 comment Print


Interim Budget 2024 Summary (Direct Tax And Indirect Tax)

February 1, 2024 2010 Views 0 comment Print

Explore the key highlights of Budget 2024, featuring tax rate continuity, withdrawal of outstanding direct tax demands, significant achievements in direct and indirect tax collections, and a promising economic outlook

Budget 2024 Speech (Direct Tax And Indirect Tax)

February 1, 2024 972 Views 0 comment Print

Explore the key highlights of the Finance Minister direct tax proposals, including unchanged tax rates, withdrawal of outstanding demands, and extended benefits for Start-Ups and investments, with insights into the economy’s transformation.

Analysis of changes proposed by Finance Bill 2024 in ISD Mechanism

February 1, 2024 6528 Views 0 comment Print

Explore the implications of Finance Bill 2024 changes to the Input Service Distributor (ISD) mechanism in the GST Law, including mandatory distribution, expanded scope, and procedural adjustments.

Direct Tax Collections Tripled, Return Filers Surge 2.4 Times in Past Decade

February 1, 2024 492 Views 0 comment Print

Explore the Interim Budget 2024-25 highlights as Union Finance Minister Nirmala Sitharaman reveals a remarkable threefold increase in direct tax collections and a surge in return filers. Discover tax rate reductions, improved services, and the swift processing of returns.

Average Monthly Gross GST Collection Doubles To Rs. 1.66 Lakh Crore

February 1, 2024 894 Views 0 comment Print

Discover the financial landscape as Finance Minister Nirmala Sitharaman reveals the success of GST, doubling monthly collections to ₹1.66 lakh crore. Learn about increased state revenues and consumer advantages

Interim Budget propose to retain tax rates for direct and indirect taxes

February 1, 2024 528 Views 0 comment Print

Explore the Interim Budget 2024 key highlights – unchanged tax rates, relief for direct tax demands, and benefits for startups. Details from Finance Minister Nirmala Sitharaman.

Interim Union Budget 2024-25: Vision and Key Highlights

February 1, 2024 1242 Views 0 comment Print

Explore the major announcements from the Ministry of Finance in the Interim Union Budget 2024-25, covering social justice, infrastructure, taxes, and economic reforms.

Summary of Interim Union Budget 2024-25

February 1, 2024 1686 Views 0 comment Print

Explore the highlights of India’s Interim Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman. Learn about GDP projections, fiscal policies, and strategic initiatives.

Updation of changes vide Budget 2024-25 in System

February 1, 2024 1299 Views 0 comment Print

Explore the impact of Budget 2024-25 updates by the Office of the Pr. Commissioner of Customs. Learn about changes, timelines, and advice for importers and customs brokers.

Budget 2024 – A Drive Towards A Viksit Bharat

February 1, 2024 822 Views 0 comment Print

Explore the key highlights of Budget 2024, focusing on economic pillars like fiscal control, green economy, infrastructure, healthcare, and technological innovation. Insights for corporate India and the youth.

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