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Budget 2026 proposed to amend Schedule III of the Income Tax Act to give tax exemption towards the income earned from the transfer of property through compulsory acquisition of land.

Budget 2026 Proposes to Amend Income Tax Act to Provide Exemption on Income from Compulsory Acquisition of Land 

The government has proposed an amendment, allowing non-life insurance companies to claim deductions for expenses disallowed due to TDS delay once the tax is actually deducted and paid.

Govt. Proposes to Allow Deduction for Non-Life Insurance Businesses When TDS Is Paid Later

CBI Court convicts private individuals for submitting forged documents to wrongfully claim central excise rebate.

CBI Court Sentences Three to 3 Years’ Jail in Rs. 1.18 Crore Excise Duty Rebate Fraud

To reduce this compliance burden, Budget 2026 has proposed the enabling filing of a declaration for no deduction to a depository.

Budget 2026: Single TDS Declaration to Depository for All Your Investments Starting April 2027

FM Sitharaman clarifies that only disability pensions due to service-related injuries will be tax-exempt from FY 2026-27.

Union Budget 2026: FM Sitharaman Revises Tax Exemption Rules for Armed Forces Disability Pensions

Judgement

ITAT held that property purchased using legally remitted foreign income by an NRI cannot be treated as unexplained investment and deleted the Rs. 56.15 lakh addition.

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Budget 2026 Proposes to Amend Income Tax Act to Provide Exemption on Income from Compulsory Acquisition of Land

Govt. Proposes to Allow Deduction for Non-Life Insurance Businesses When TDS Is Paid Later

CBI Court Sentences Three to 3 Years’ Jail in Rs. 1.18 Crore Excise Duty Rebate Fraud

Budget 2026: Single TDS Declaration to Depository for All Your Investments Starting April 2027

Union Budget 2026: FM Sitharaman Revises Tax Exemption Rules for Armed Forces Disability Pensions

ITAT Relief: Overseas Earnings Legally Remitted Cannot Be Treated as Unexplained Investment