Tag: income tax
New income tax regime: Monthly TDS returns, HRA tax rule recast on wish list
New Delhi: A shift to monthly Tax Deducted at Source (TDS) returns from the current quarterly practice, and revamping tax rules concerning house rent allowance…
Government tightens tax framework for foreign digital entities
New Delhi: India has proposed to tighten the tax and reporting framework for the digital entities by sharpening the definition of significant economic presence (SEP),…
Draft income tax rules released, stakeholder feedback invited
New Delhi: The Central Board of Direct Taxes (CBDT) on Saturday released draft Income-tax Rules and forms for 2026, inviting public and stakeholder feedback ahead…
Budget 2026 extends tax filing deadlines, simplifies forms for individual taxpayers| Business News
The Union Budget 2026–27 did not introduce any changes to income tax rates, but announced several targeted measures to ease the compliance burden for individuals…
Income-tax and customs reforms aimed at easing the compliance burden| Business News
The Union budget 2026 leaves headline tax rates unchanged, focusing on simplifying compliance, providing more certainty and building trust between the taxpayer and the State….
Income Tax Dept clarifies on changes in ‘buyback tax’| Business News
The Income Tax Department has issued a clarification on how “buyback tax” has changed with Union Budget 2026, to the benefit of small shareholders. Image…
Job creation, MSMEs in focus| Business News
Updated on: Feb 01, 2026 8:59:12 AM IST Finance minister Nirmala Sitharaman will present the Union Budget 2026 in the Parliament today at around 11…
Budget 2026-27: The Sunday budget needs Monday energy
Union Budget for 2026–27 will be presented by Finance Minister Nirmala Sitharaman tomorrow on Sunday, which happens to be an unusual scheduling that coincides with…
Budget 2026: Relief for India’s aam aadmi lies in the fine print
The first Sunday of February, this time the Union Budget Day, will be anything but business as usual for India’s more than 400 million middle-class…
India’s FY26 tax collections remain weak, FY27 may be a different story: CareEdge Ratings
New Delhi: The central government’s tax collections have remained weak so far in the ongoing financial year 2025-26 (FY26), with growth significantly lower than budgeted…