Budget Reforms Transfer Pricing: 15.5% IT Margin, Faster APAs
India's Budget introduces major transfer pricing reforms, consolidating IT services under a 15.5% safe harbour margin and fast-tracking APAs to reduce disputes and attract MNCs.
Category : GST & Taxation
Animal Import Tax in Budget 2026 to Affect Zoos
The Union Budget 2026 introduces a new animal import tax that will significantly impact zoos and wildlife rehabilitation centres across India, including Anant Ambani's facility.
Budget 2026: 10 Income Tax Changes Reshaping Indian Finance
Finance Minister Nirmala Sitharaman's Budget 2026 introduces sweeping income tax reforms through the new Income Tax Act, 2025, affecting taxpayers across all categories with changes in TCS, return filing, crypto reporting, and more.
Cigarette Price Hike: Classic Connect ₹350, Gold Flake ₹225
Cigarette prices surge significantly after February 1 excise duty hike. Classic Connect now costs ₹350, Gold Flake Lights and Wills Classic ₹225 per pack. Details on new tax structure and industry impact.
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GST Relief for Brokers, STT Hike in Budget 2026
The Indian government proposes GST changes for intermediary services like stockbroking, making exports zero-rated for FPIs, alongside an STT hike to curb derivatives speculation.
Budget 2026 Ends Tax Benefit on Loan Interest for Dividend, MF Income
Union Budget 2026 proposes to eliminate tax deduction on interest paid for loans used to invest in dividend-paying stocks or mutual funds, impacting leveraged investment strategies.
Budget 2026: Focus on Tax Clarity, FDI & GIFT City
Union Budget 2026 emphasizes tax clarity, simplicity, and certainty over rate changes. Key proposals include extended tax holidays for GIFT City, reforms in share buy-back taxation, and rationalization of MAT framework to attract FDI.
Budget 2026-27: Tax Reforms & Economic Blueprint
India's Union Budget 2026-27 introduces significant tax reforms including changes to buyback taxation, MAT rates, and compliance procedures while focusing on economic growth through digital infrastructure and manufacturing missions.
Budget 2026 Customs Duty Changes: What Gets Costlier, Cheaper
Union Budget 2026-27 brings significant customs duty revisions affecting personal imports. Luxury watches, electronics get costlier while cancer drugs, laptops see duty cuts. Gold jewelry allowance increased, microwave ovens cheaper.
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Budget 2026: Transfer Pricing Reforms for GCCs, 15.5% Rate
Finance Minister's Budget 2026 introduces key transfer pricing measures to attract Global Capability Centres, expanding safe harbour threshold to Rs 2,000 crore and lowering margin to 15.5%.
Evolution of India's Tax Revenue Sharing Formula
Analysis of how Finance Commissions from 11th to 16th have shifted criteria for distributing central tax revenues among states, moving from population-based metrics to include GDP contribution and ecological factors.
ULIP Taxation Rules: Capital Gains Treatment Explained
Income from ULIP redemptions not exempt under Section 10(10D) will be taxed as capital gains, aligning with equity mutual fund rules. Learn about set-off provisions and loss carry-forward.
Budget 2026: Buyback Tax Shifted to Capital Gains Framework
Union Budget 2026-27 proposes major taxation changes for share buybacks, moving them from dividend taxation to capital gains. Promoters face higher taxes while retail shareholders may benefit with lower or nil tax burdens.
Budget 2026 Tax Clarifications: Jurisdiction & DIN Rules Explained
Union Budget 2026 introduces retrospective clarifications on tax reassessment notices and DIN requirements, addressing court conflicts but raising equity concerns among taxpayers and experts.
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New IT Regime Default from April, No Rate Tweaks
Starting April 1, the new income tax regime will be the default option for taxpayers, with no changes to existing tax rates. The government aims to simplify tax filing and encourage adoption of the streamlined system.
Budget 2026: Defence Disability Pension Tax Exemption Cut
Union Budget 2026-27 removes income tax exemption on disability pension for defence personnel retiring on superannuation, sparking outrage among veterans who call it unfair discrimination.
Govt Raises Duty-Free Limit to Rs 75,000, Cuts Customs Duty
The Indian government has increased the duty-free baggage allowance for passengers to Rs 75,000 and reduced customs duty on personal imports to 10%, while maintaining restrictions on specific items.
Budget 2026: Share Buyback Taxation Shifted to Capital Gains
Union Budget 2026-27 introduces major changes to share buyback taxation, moving from dividend framework to capital gains regime while imposing higher taxes on promoters to prevent misuse.
Budget 2026: MAT Rate Cut to 14%, Framework Overhauled
Union Budget 2026-27 proposes major changes to Minimum Alternate Tax for companies, including rate reduction to 14%, making MAT a final tax under old regime, and new credit adjustment rules to encourage transition to new tax system.
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Budget 2026 Eases Tax Penalties, New Disclosure Scheme
Union Budget 2026-27 rationalizes tax penalty framework, decriminalizes technical defaults, and introduces foreign asset disclosure scheme for small taxpayers to reduce litigation.
Budget 2026: SGB Tax Exemption Only for Original Holders
Union Budget 2026-27 proposes capital gains tax exemption for Sovereign Gold Bonds only if held from issuance to maturity. Secondary market purchases lose this benefit.
SGB Tax Exemption Only for Original Buyers Held to Maturity
Union Budget 2026-27 proposes capital gains tax exemption on Sovereign Gold Bonds only if subscribed at original issue and held continuously until maturity, effective April 1.
Budget 2026: Import Duty Cut Makes Foreign Shopping Cheaper
Union Budget 2026-27 proposes reducing basic customs duty on personal imports from 20% to 10%, making overseas shopping more affordable for Indian consumers.
Budget 2026 Amnesty for Foreign Assets, Eases Black Money Law
Union Budget 2026-27 introduces FAST-DS 2026 scheme allowing small taxpayers to declare undisclosed foreign assets with immunity. Prosecution norms under Black Money Act relaxed for minor non-disclosures.
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Budget 2026 Reduces Tax Compliance Burden for Taxpayers
The Finance Minister's Union Budget 2026 introduces measures to reduce compliance burden for middle class and senior citizens, decriminalize procedural lapses, and rationalize penalty provisions for taxpayers.
Budget 2026: Higher Funding for Animal Husbandry, Tax Relief for Dairy
NDDB chairman Dr Meenesh Shah welcomes Union Budget 2026-27's transformative measures including 16% higher allocation for animal husbandry, tax relief for dairy cooperatives, and incentives for Bio-CNG projects to boost farmers' incomes and rural employme
Budget 2026: TCS Cut for Foreign Education, Medical & Travel
Union Budget 2026-27 reduces TCS rates from 5% to 2% for self-funded overseas education, medical treatment, and tour packages, easing liquidity for taxpayers and boosting outbound tourism.
Budget 2026: Tax Filing Simplified, Revision Window Extended
Union Budget 2026-27 introduces a simplified Income Tax Act, extended return revision period, and electronic TDS applications to ease taxpayer compliance and reduce litigation.
Budget 2026: No TAN Needed for Buying Property from NRIs
Union Budget 2026-27 proposes that resident individuals and HUFs won't need TAN when purchasing property from NRIs, simplifying TDS compliance from October 2026.
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Budget 2026: TCS Cut to 2% for Education, Medical & Travel
Union Budget 2026-27 reduces TCS rates for self-funded education, medical purposes, and overseas tour packages from 5% to 2% under LRS. Other remittances remain at 20%.
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