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Budget 2026 rationalises TCS, raises rates on liquor and minerals, and lowers rates on tendu leaves and remittance

Budget 2026: Major TCS Rate Changes on Liquor, Minerals, and Remittances

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Taxpayers cannot simply upload a belated Tax Audit Report without first paying the applicable late fee.

Late Submission of Tax Audit Report Now Requires Payment of Late Fees

To ease the compliance burden, the government has proposed an amendment to Section 397(1)(c) by exempting resident individuals and HUFs from obtaining a TAN.

Major Relief for Resident Buyers in Budget 2026: No Need for TAN on Property Transactions with Non-Residents

The new disclosure window aims to help NRIs and small taxpayers disclose overseas income and assets with limited penalties.

Relief for NRIs and Small Taxpayers: FM Introduces One-Time Foreign Income Disclosure Scheme

The new rule will set the due date of depositing the employee contribution as the last date for filing the ITR under Section 263(1) of the Income Tax Act.

Big Relief for Employers in Budget 2026: Deadline Extension for Employee Contribution Deposit

These new dates aim to give more time to the taxpayers to file their returns and make tax filing easier.

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Budget 2026: Major TCS Rate Changes on Liquor, Minerals, and Remittances

Late Submission of Tax Audit Report Now Requires Payment of Late Fees

Major Relief for Resident Buyers in Budget 2026: No Need for TAN on Property Transactions with Non-Residents

Relief for NRIs and Small Taxpayers: FM Introduces One-Time Foreign Income Disclosure Scheme

Big Relief for Employers in Budget 2026: Deadline Extension for Employee Contribution Deposit

Budget 2026: New Income Tax Return Due Dates for Tax Year 2026-27