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Budget 2026 introduces major NRI-friendly reforms, including easier property transactions, simplified tax rules, overseas asset disclosure and more.

Union Budget 2026 Brings Five Major Reforms for NRIs: From Overseas Asset Disclosure to Tax Relief

Reports say that the draft will be notified by March 2026, replacing the Income Tax Rules, 1962.

Draft Income Tax Rules 2026: What are the Major Changes?

Judgement

IGST wrongly deposited as CGST and SGST cannot attract penalty when tax already with department

Allahabad High Court Waives Penalty Where GST Paid Under Wrong Head

One of the key measures announced is that the loans approved by the banks to the NCDC from for on-lending to cooperative societies will now be considered as priority sector lending.

RBI Announces New Steps to Strengthen Cooperative Banks and Boost Credit

RBI Announces New Steps to Support Cooperative Banks' Growth and Development

Government reveals 24.64 lakh ITRs pending beyond 90 days as total filings touch 8.79 crore this assessment year.

24.64 Lakh ITRs Remain Unprocessed for Over 3 Months

The draft income tax rules bring down the number of rules from 511 to 333 and the number of forms from 399 to only 190.

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Union Budget 2026 Brings Five Major Reforms for NRIs: From Overseas Asset Disclosure to Tax Relief

Draft Income Tax Rules 2026: What are the Major Changes?

Allahabad High Court Waives Penalty Where GST Paid Under Wrong Head

RBI Announces New Steps to Support Cooperative Banks' Growth and Development

24.64 Lakh ITRs Remain Unprocessed for Over 3 Months

Old Tax Regime Gains Attention after CBDT Releases Draft IT Rules 2026