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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

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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.

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

The taxpayers in Telangana can easily pay their GST payment digitally using UPI and debit/credit cards.

GSTN Enables GST Payment Using Credit Card, Debit Card and UPI in Telangana

The govt. proposes major changes to the Minimum Alternate Tax, including a lower MAT rate, making MAT final under the old regime, and revised MAT credit utilisation rules.

Union Budget 2026-27: Finance Ministry Proposes Major Overhaul to MAT Provisions for Companies

The government clarifies that only the jurisdictional Assessing Officer, and not NaFAC, will handle pre-reassessment proceedings under Sections 148 and 148A.

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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

GSTN Enables GST Payment Using Credit Card, Debit Card and UPI in Telangana

Union Budget 2026-27: Finance Ministry Proposes Major Overhaul to MAT Provisions for Companies

Who Has Jurisdiction in Reassessment? Govt Clarifies AO and NaFAC Roles under Sections 148 and 148A