News

The government in Budget 2026-27 has tried keeping income tax slab rates and slabs the same as the previous year and worked at introducing taxpayer-friendly amendments.

Budget 2026-27: No Change to Income Tax Rates and Slabs, Focus Shifts to Simpler Compliance

Press Release

The Government has announced new customs baggage rules for 2026 to simplify procedures, enhance transparency & boost passenger convenience.

Government Introduces New Customs Baggage Rules 2026 to Simplify Travel

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

Articles

FM proposes key amendments to extend and align the tonnage tax scheme for inland vessels under the Inland Vessels Act, 2021.

Union Budget 2026: Extension of Tonnage Tax Scheme to Inland Vessels

The Union Budget 2026-27 proposes penalties for non-filing and incorrect reporting of crypto-asset transaction statements to strengthen compliance, effective from April 1, 2026.

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Budget 2026-27: No Change to Income Tax Rates and Slabs, Focus Shifts to Simpler Compliance

Government Introduces New Customs Baggage Rules 2026 to Simplify Travel

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

Government Clarifies Time Limit for Completing Assessments Under Section 144C

Union Budget 2026: Extension of Tonnage Tax Scheme to Inland Vessels

Union Budget 2026-27: Penalty Proposed for Non-Reporting and Misreporting of Crypto Transactions