THE INCOME TAX ACT,2025 TO COME INTO EFFECT FROM 1ST APRIL, 2026 TCS RATE FOR SCRAP AND MINERALS RATIONALIZED TO 2% TCS FOR REMITTANCE UNDER LIBERALISED REMITTANCE SCHEME REDUCED FROM 5% TO 2% FOR EDUCATION AND MEDICAL TREATMENT SHARES BUYBACK TO BE TAXED AS CAPITAL GAINS FOR ALL TYPES OF SHAREHOLDERS Union Budget 2026-27 presented… Read More »
UNION BUDGET 2026-27 ANNOUNCES DIRECT TAX PROPOSALS FOR RATIONALIZING PENALTY AND PROSECUTION ASSESSMENT AND PENALTY PROCEEDINGS TO BE INTEGRATED TO AVOID MULTIPLICITY OF PROCEEDINGS AND FACILITATING EASE OF DOING BUSINESS IMMUNITY FROM PROSECUTION FOR NON-DISCLOSURE OF NON IMMOVABLE FOREIGN ASSETS WITH AGGREGATE VALUE LESS THAN Rs 20 LAKH WITH RETROSPECTIVE EFFECT FROM 01.10.2024 The Union… Read More »
Customs Integrated System will be rolled out in 2 years as a single, integrated and scalable platform Fish catch by an Indian fishing vessel in Exclusive Economic Zone or on the High Seas will be made free of duty The Government will roll out Customs Integrated System (CIS) in 2 years as a single, integrated… Read More »
₹12.2 LAKH CRORE PUBLIC CAPEX PROPOSED IN FY2026-27 7 HIGH-SPEED RAIL CORRIDORS, A DEDICATED FREIGHT CORRIDOR AND 20 NEW NATIONAL WATERWAYS PROPOSED INFRASTRUCTURE RISK GUARANTEE FUND TO BOOST THE CONFIDENCE OF PRIVATE DEVELOPERS SEAPLANE VGF SCHEME TO BE INTRODUCED TO INCENTIVIZE INDIGENOUS MANUFACTURING OF SEAPLANE While presenting the Union Budget 2026-27 in Parliament today, Union… Read More »
No tax to be deducted at source in respect of interest on compensation amount awarded by Motor Accidents Claims Tribunal to an individual As per the provisions of section 393(4) [Table: Sl. No. 7, Column C (c)(iv)] of the Act, tax is not required to be deducted in respect of interest on the compensation amount… Read More »
THE THRESHOLD FOR AVAILING SAFE HARBOUR FOR IT SERVICES ENHANCED FROM RS 300 CRORE TO Rs 2000 CRORE SAFE HARBOUR FOR IT SERVICES SHALL BE APPROVED BY AN AUTOMATED RULE-DRIVEN PROCESS The Union Minister of Finance and Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2026-2027 in the Parliament today. Presenting the Budget, the… Read More »
‘Bharat-VISTAAR’-a multilingual AI tool to enhance farm productivity, improve farmer decision making and reduce risk through customized advisory support, proposed in the Union Budget 2026-27 15,000 secondary schools and 500 colleges to have Animation, Visual Effects, Gaming and Comics (AVGC) Content Creator Labs to boost India’s Orange Economy Union Budget proposes a High-Powered ‘Education to… Read More »
FINANCE MINISTER NIRMALA SITHARAMAN INTRODUCES A DEDICATED ₹10,000 CRORE SME GROWTH FUND, TO CREATE FUTURE CHAMPIONS, INCENTIVIZING ENTERPRISES BASED ON SELECT CRITERIA UNION BUDGET PROPOSES 4 MEASURES TO LEVERAGE FULL POTENTIAL OF TReDS FOR LIQUIDITY SUPPORT TO MSMEs Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman said that the Government led by Prime… Read More »
TARIFF RATE ON ALL DUTIABLE GOODS IMPORTED FOR PERSONAL USE TO BE REDUCED FROM 20% TO 10% BASIC CUSTOMS DUTY TO BE EXEMPTED ON 17 DRUGS OR MEDICINES FOR PATIENTS, PARTICULARLY CANCER-PATIENTS SEVEN MORE RARE DISEASES TO BE ADDED FOR THE PURPOSES OF EXEMPTING IMPORT DUTIES ON PERSONAL IMPORTS OF DRUGS AND FSMP DUTY DEFERRAL … Read More »
BIOPHARMA SHAKTI (STRATEGY FOR HEALTHCARE ADVANCEMENT THROUGH KNOWLEDGE, TECHNOLOGY AND INNOVATION) PROPOSED IN THE UNION BBUDGET 2026-27 EXISTING ALLIED HEALTH PROFESSIONALS (AHPs) INSTITUTIONS TO BE UPGRADED AND 100,000 NEW AHPs TO BE ADDED OVER THE NEXT 5 YEARS CARE ECOSYSTEM FOR GERIATRIC AND ALLIED CARE SERVICES TO BE BUILT, 1.5 LAKH CAREGIVERS TO BE TRAINED… Read More »