Jewellery imports now follow weight-based limits instead of value caps, offering relief amid rising gold prices. Transfer of Residence limits are also increased with an updated list of modern household items.
The proposed amendment disallows any interest deduction against dividend and mutual fund income. As a result, dividends will now be taxed on a gross basis, increasing the tax burden on leveraged investors.
The Income-tax Act, 2025 introduces a targeted exemption for foreign companies using notified Indian data centres. The measure removes source and permanent establishment concerns while reinforcing India’s ambition to become a global data and AI hub.
The new tax framework retains existing rates but introduces wide-ranging reforms in MAT, penalties, disclosures, and filing procedures.
The Finance Bill, 2026 proposes sweeping changes to TCS, return filing timelines, penalties, and MAT to simplify compliance and reduce litigation.
The 2026 baggage reforms increase duty-free allowances, permit a laptop separately, and modernise customs procedures, making international travel simpler and more predictable.
The court ruled that a consensual relationship cannot justify online harassment, threats, or circulation of obscene material. Privacy and dignity remain inviolable, and such allegations can bar anticipatory bail.
he Bill limits block assessments for other persons to the actual year of undisclosed income. The key takeaway is reduced compliance burden where no search was conducted on the taxpayer.
The Finance Bill, 2026 converts key penalties for audit and reporting delays into mandatory fees. The shift aims to reduce disputes by replacing discretionary penalties with predictable, capped charges.
The law now proposes a single consolidated assessment-cum-penalty order for under-reporting of income, reducing multiple proceedings and long-drawn uncertainty for taxpayers.
