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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

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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.

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

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.

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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

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