The Budget introduces exemptions, lower TCS rates, and simplified compliance to reduce taxpayer burden. Key relief includes tax-free MACT interest and extended timelines for return ...

One of the key changes proposed is the extension of the revised Income Tax Return (ITR) filing deadline. The FM has proposed ...

The Budget confirms that the Income Tax Act, 2025 will take effect from 1 April 2026 with redesigned rules and forms. The move aims to simplify understanding and improve voluntary ...

At the core of the reform is a zero personal income tax liability for individuals earning up to Rs 12 lakh, with the ...

Corporate tax rationalisation, faceless assessment, and technology-led compliance have expanded the tax base and reduced ...

As Budget 2026 approaches, targeted reforms can significantly reinforce India’s commitment for a stable and business-friendly tax regime.

India's government has finalized key direct tax reforms to boost investment and simplify compliance. Measures include ...

The Union Budget 2026–27, to be presented on February 1, is expected to focus on income tax relief for taxpayers, measures to ...

The Centre completed key direct tax reforms to boost investment certainty. Changes include tax clarity for AIFs, extended tax ...

A national task force on tax reforms has recommended that the government introduce a single rate of value-added tax (VAT), doing away with multiple rates of the indirect tax paid by final consumers.