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Union Budget 2026-27 focuses on simplifying tax rules, reducing compliance costs, and driving growth and job creation without changing income tax rates.

Union Budget 2026-27 Focuses on Easier Tax Rules and Long-Term Relief for Middle Class

FM Proposes guidelines to be binding on income-tax authorities and persons liable to deduct or collect income tax.

Budget 2026: TDS/TCS Guidelines to Become Mandatory Under Income Tax Law

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The taxpayers will no longer get the tax benefit on both the dividend and mutual fund income.

Budget 2026: No More Interest Expenditure Deduction on Dividend and Mutual Fund Income

Sections 153 and 153B apply only up to the draft order stage, and once the assessment is finalised, the time limit will be governed only by Section 144C.

Government Clarifies Time Limit for Completing Assessments Under Section 144C

The government clarifies that only the jurisdictional Assessing Officer, and not NaFAC, will handle pre-reassessment proceedings under Sections 148 and 148A.

Who Has Jurisdiction in Reassessment? Govt Clarifies AO and NaFAC Roles under Sections 148 and 148A

The tax assessments will no longer be invalid due to any mistake, defect, or omission of quoting a computer-generated DIN.

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Union Budget 2026-27 Focuses on Easier Tax Rules and Long-Term Relief for Middle Class

Budget 2026: TDS/TCS Guidelines to Become Mandatory Under Income Tax Law

Budget 2026: No More Interest Expenditure Deduction on Dividend and Mutual Fund Income

Government Clarifies Time Limit for Completing Assessments Under Section 144C

Who Has Jurisdiction in Reassessment? Govt Clarifies AO and NaFAC Roles under Sections 148 and 148A

Tax Assessment Cannot be Held Invalid Over Minor DIN Errors or Omission: Budget 2026