Finance Minister Nirmala Sitharaman's Union Budget 2026 proposes taxing buyback proceeds as capital gains for all shareholders and increasing Securities Transaction Tax on commodity futures to 0.05%.
Finance Minister Nirmala Sitharaman announces tax deduction for inter-cooperative society dividend income under new regime in Union Budget 2026, boosting cooperative sector.
Union Budget 2026-27 reduces Tax Collected at Source rates for education, medical treatment abroad, and overseas tour packages under RBI's LRS scheme, providing relief amid rupee depreciation.
Union Budget 2026 keeps Section 87A tax rebate unchanged at Rs 60,000 for income up to Rs 12 lakh, disappointing taxpayers. Eligibility remains limited to resident individuals, excluding HUFs, NRIs, and certain income types.
Finance Minister Nirmala Sitharaman keeps income tax slabs unchanged for FY 2026-27 under both new and old regimes. No major tax relief as new Income Tax Act approaches.
Finance Minister Nirmala Sitharaman confirms India's new Income Tax Act takes effect April 1, 2026. Budget keeps slabs unchanged but introduces compliance reset, TCS norms, share buyback taxation changes, and special disclosure scheme.
Finance Minister Nirmala Sitharaman's Union Budget 2026 reduces TCS on foreign travel & education, hikes STT on F&O trading, leaves income tax slabs unchanged, and introduces a foreign asset disclosure scheme.
Finance Minister Nirmala Sitharaman unveils major direct tax proposals in Union Budget 2026-27, including extended ITR deadlines, new tax law, and revised TCS rates.
Union Budget 2026 introduces a one-time foreign asset disclosure scheme for taxpayers with undisclosed overseas income. Returning students with foreign bank accounts or earnings must understand this compliance window.
Union Budget 2026 maintains existing income tax slabs and rates while introducing new ITR filing deadlines, TCS, and TDS modifications. A compliance window for overseas income disclosure up to Rs 1 crore is also announced.
India's updated income tax legislation officially commenced on April 1, with the Finance Minister outlining significant changes and compliance requirements for taxpayers nationwide.
Finance Minister Nirmala Sitharaman has kept income tax slabs unchanged for FY 2026-27 under both old and new regimes. New regime remains default with basic exemption at ₹4 lakh.
Finance Minister Nirmala Sitharaman announces extension of revised ITR filing deadline from Dec 31 to March 31 in Union Budget 2026-27. New Income Tax Act 2025 to take effect from April 2026 with staggered deadlines for different taxpayer categories.
Finance Minister Nirmala Sitharaman announced taxpayer-friendly measures in FY27 Budget including automated scheme for small taxpayers, reduced TCS rates on overseas expenses, and extended return filing deadlines.
The Union Budget 2026 introduces major relief for accident victims by exempting MACT interest from income tax and scrapping TDS on such payments, simplifying compensation claims.
India's gross GST collections surged 6.2% to ₹1.93 lakh crore in January 2026, marking a three-month peak. Net revenues grew 7.6% to ₹1.71 lakh crore despite recent rate cuts, signaling robust consumption recovery.
India's gross GST collections for January 2024 have increased by 6.2% year-on-year, reaching over ₹1.93 lakh crore, reflecting robust economic activity and improved compliance.
India introduces additional excise duty on cigarettes and health cess on pan masala from February 1, replacing GST compensation cess. New tax structure includes MRP-based valuation and CCTV monitoring for manufacturers.
India's GST revenue for January 2026 reached Rs 1,93,384 crore, showing a 6.2% year-on-year increase. Domestic collections grew by 4.8%, while import-related GST surged by 10.1%.
Union Budget 2026 LIVE updates: Finance Minister Nirmala Sitharaman presents her ninth consecutive budget. Expectations high for income tax slab changes under new regime, following last year's GST rationalization and tax cuts.
As Budget 2026 is tabled, tax experts debate whether the government will retire the old tax regime. The new regime has gained appeal since 2020, with zero tax up to ₹12 lakh introduced in 2025.
Income Tax officials investigate CJ Roy for alleged money laundering linked to political funding before his death. Family claims of harassment by I-T officials are disputed by sources.
Hoteliers in Odisha advocate for a simplified 5% GST across all mid-segment rooms and meals, citing current dual rates as a barrier to tourism growth and affordability.
Finance Minister Nirmala Sitharaman presents Union Budget 2026-27 today. Live updates on income tax slabs, rates for FY 2026-27 under new & old regimes. Will there be changes to standard deduction, Section 80C, home loan benefits?
Finance Minister Nirmala Sitharaman presents Union Budget 2026 with key income tax announcements. Expectations include changes to tax slabs, standard deduction hike to ₹1 lakh, and capital gains rationalization.
Business guilds and experts from Nagpur have submitted pre-Budget suggestions to the finance ministry, including gold monetization from temples, treating husband and wife as a single taxpayer, and revising exemption limits with inflation.
The Income Tax Department's investigations wing has filed complaints against two benamidars and two beneficiaries of a Rohtak-based liquor company under the Benami Prohibition Act. The case involves L13 licenses for 2022-23 and a license fee of Rs 78.39 l
Surat DGGI uncovers massive fake ITC racket involving Rs 450 crore billing, Rs 80 crore GST fraud. Three directors arrested from Ahmedabad and Surat firms in organized economic crime.
A three-day-long Income Tax Department raid at the residence of a former Punjab minister has concluded, with officials seizing documents and electronic devices for further investigation into alleged financial irregularities.
As Union Budget 2026 approaches, taxpayers await relief measures. Here's how India's income tax rates, deductions, and capital gains compare with major economies like the US and UK.