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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

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

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

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.

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

The government has proposed to remove the TAN requirement when deducting TDS on the purchase of immovable property from non-residents, effective from October 1, 2026.

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Union Budget 2026-27: Govt Restricts Capital Gain Exemption on Sovereign Gold Bonds to Original Buyers

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

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

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

New Relief for Individuals and HUFs: Govt. Removes TAN Requirement for Property Purchase from Non-Residents