Monthly Archives: February 2026

UNION BUDGET 2026-27 PROPOSES DEDICATED INITIATIVE FOR SPORTS GOODS TO PROMOTE MANUFACTURING, RESEARCH AND INNOVATION INITIATIVE BUILDS ON INDIA’S POTENTIAL TO EMERGE AS A GLOBAL HUB FOR HIGH QUALITY, AFFORDABLE SPORTS GOODS KHELO INDIA MISSION ANNOUNCED TO TRANSFORM THE SPORTS SECTOR OVER NEXT DECADE KHELO INDIA MISSION TO TAKE FORWARD THE SYSTEMATIC NURTURING OF SPORTS… Read More »

‘HIGH LEVEL COMMITTEE ON BANKING FOR VIKSIT BHARAT’ TO ALIGN FINANCIAL SECTOR WITH INDIA’S NEXT PHASE OF GROWTH: UNION BUDGET 2026-27 GOVERNMENT TO RESTRUCTURE THE POWER FINANCE CORPORATION AND RURAL ELECTRIFICATION CORPORATION TO ACHIEVE SCALE AND IMPROVE EFFICIENCY UNION BUDGET PROPOSES A MARKET MAKING FRAMEWORK WITH SUITABLE ACCESS TO FUNDS AND DERIVATIVES ON CORPORATE BOND… Read More »

UNION BUDGET 2026-27 PROPOSES A SCHEME TO SUPPORT STATES IN ESTABLISHING FIVE REGIONAL MEDICAL HUBS TO PROMOTE MEDICAL TOURISM NATIONAL INSTITUTE OF HOSPITALITY PROPOSED TO BE SET UP BY UPGRADING THE EXISTING NATIONAL COUNCIL FOR HOTEL MANAGEMENT AND CATERING TECHNOLOGY PILOT SCHEME PROPOSED  FOR UPSKILLING 10,000 GUIDES IN 20 ICONIC TOURIST SITES THROUGH A STANDARDIZED,… Read More »

THE UNION BUDGET 2026-27 PROPOSES HIGH-POWERED ‘EDUCATION TO EMPLOYMENT AND ENTERPRISE’ STANDING COMMITTEE TO RECOMMEND MEASURES ON THE SERVICES SECTOR NEW NATIONAL INSTITUTE OF DESIGN TO BE ESTABLISHED IN THE EASTERN REGION OF INDIA THROUGH CHALLENGE ROUTE CREATION OF 5 UNIVERSITY TOWNSHIPS IN THE VICINITY OF MAJOR INDUSTRIAL AND LOGISTIC CORRIDORS 1 GIRLS’ HOSTEL WILL… Read More »

UNION BUDGET 2026-27 PROPOSES SEVERAL INCENTIVES FOR COOPERATIVES SUPPLY OF CATTLE FEED AND COTTON SEED PRODUCED BY A PRIMARY COOPERATIVE SOCIETY ALLOWED FOR DEDUCTION INTER-COOPERATIVE SOCIETY DIVIDEND INCOME ALLOWED AS DEDUCTION UNDER THE NEW TAXATION REGIME Union Budget 2026-27 has proposed several incentives for primary cooperative societies. Presenting the Budget in  Parliament today, Union Minister… Read More »

Extending the period of filing revised return Section 263 of the Income-tax Act, 2025 deals with filing of Income-tax return by taxpayers. The said section prescribes the comprehensive framework that lays down class of persons who are required to file a return, the due dates, and the different types of returns that may be furnished.… Read More »

Rationalising due dates for filing of return of Income. Section 263 of the Income Tax Act, 2025 (“the Act”) makes the provisions for filing of Income Tax Return by taxpayers. The said section deals with the comprehensive framework that lays down class of persons who are required to file a return, the due dates, and… Read More »

Exemption for Disability Pension to armed force personnel Disability pension is granted to members of the Armed Forces who are invalided out of service on account of a bodily disability that is attributable to, or aggravated by, military, naval or air force service, and comprises a service element and a disability element. The exemption was… Read More »

Exemption of income on compulsory acquisition of any land under the RFCTLARR Act. Existing Section 11 read with Schedule III of the Act provides exemption to certain eligible persons on their total income. The said Schedule inter alia provides exemption to an individual or a Hindu undivided family on any income chargeable under the head… Read More »