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.
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.
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.
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.
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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.
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.
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%.
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.
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.
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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.
Union Budget 2026 introduces retrospective clarifications on tax reassessment notices and DIN requirements, addressing court conflicts but raising equity concerns among taxpayers and experts.
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.
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.
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.
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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.
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.
Union Budget 2026-27 rationalizes tax penalty framework, decriminalizes technical defaults, and introduces foreign asset disclosure scheme for small taxpayers to reduce litigation.
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.
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.
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Union Budget 2026-27 proposes reducing basic customs duty on personal imports from 20% to 10%, making overseas shopping more affordable for Indian consumers.
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.
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.
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
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.
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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.
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.
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%.
Finance Minister Nirmala Sitharaman's Union Budget 2026 introduces major reforms including STT rate increases, capital gains tax on buybacks, MACT interest exemption, and the new Income Tax Act 2025 implementation from April 2026.
Budget 2026 introduces FAST-DS scheme offering six-month window for taxpayers to declare undisclosed foreign assets with reduced penalties, providing relief from Black Money Act prosecution.
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Cigarette prices have increased significantly following new excise duties, with popular brands like Wills Navy Cut and Gold Flake Lights seeing hikes of ₹25-55 per pack. Distributors warn of smuggling risks and retail challenges.
