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The government has simplified ITR compliance by extending return-filing due dates for certain taxpayers and increasing the time limit for filing revised returns to 12 months from AY 2026-27.

Govt. Rationalises Due Dates for Furnishing ITRs and Extends Time Limit to File Revised Return

Big Relief for Taxpayers: Govt Extends ITR Due Dates and Revised Return Timeline

Starting from April 2026, the Minimum Alternate Tax (MAT) will not apply to certain non-resident businesses operating under presumptive taxation in India.

Budget 2026: MAT Relief for Non-Resident Businesses Operating Under Presumptive Taxation

Budget 2026: MAT Relief for Non-Resident Business Operating Under Presumptive Taxation

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Budget 2026 introduces a time-bound scheme allowing small taxpayers to disclose undeclared foreign income and assets.

Budget 2026 Brings Relief for Taxpayers with Undisclosed Foreign Income and Assets

The government has proposed taxpayer-friendly amendments to updated return provisions, allowing loss reduction and filing after reassessment notices to promote voluntary compliance and reduce litigation.

Updated Income Tax Return Made More Taxpayer-Friendly; Changes Effective from April 2026

The capital exemption arising from the redemption of SGBs will be available only when the SGB is subscribed to by a subscriber at the time of original issue and is held continuously until maturity.

Union Budget 2026-27: Govt Restricts Capital Gain Exemption on Sovereign Gold Bonds to Original Buyers

Union Budget 2026 simplifies share buyback taxation by treating all proceeds as capital gains.

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Big Relief for Taxpayers: Govt Extends ITR Due Dates and Revised Return Timeline

Budget 2026: MAT Relief for Non-Resident Business Operating Under Presumptive Taxation

Budget 2026 Brings Relief for Taxpayers with Undisclosed Foreign Income and Assets

Updated Income Tax Return Made More Taxpayer-Friendly; Changes Effective from April 2026

Union Budget 2026-27: Govt Restricts Capital Gain Exemption on Sovereign Gold Bonds to Original Buyers

Budget 2026 Overhauls Buyback Taxation: Capital Gains to Replace Dividend Tax