Union Budget News
Investors to Get Simpler TDS Exemption Filing Through Depositories
09 February 2026 at 06:50Proposed tax amendment allows investors to file no-TDS declarations through depositories for dividends, interest and mutual fund income, reducing multiple compliance filings.
Union Budget 2026-27 is a Roadmap to Viksit Bharat 2047: MoS Harsh Malhotra
07 February 2026 at 09:11Minister of State Harsh Malhotra hailed Union Budget 2026-27 as a roadmap for Viksit Bharat 2047, highlighting infrastructure expansion, high-speed rail, expressways, skilling, AI and inclusive growth.
Section 332 Amended: Certain Funds Exempted from NPO Registration from April 2026
07 February 2026 at 07:53Finance Bill 2026 amends section 332(1)(f) to exempt certain funds from mandatory NPO registration, effective from April 1, 2026.
Registered NPOs Get Relief as Commercial Activity No Longer a Specified Violation
07 February 2026 at 07:52Finance Bill 2026 removes commercial activity by NPOs from the list of specified violations under section 351, reducing the risk of registration cancellation.
NPO Merger Rules Amended: New Section 354A to Exempt Accreted Income Tax from April 2026
07 February 2026 at 07:52New Section 354A under Finance Bill 2026 clarifies tax treatment on accreted income for mergers of registered non-profit organisations with similar objects.
No TDS on Interest Paid to Co-operative Banks from 1st April 2026
07 February 2026 at 07:52Budget 2026 proposes no TDS on interest paid to co-operative banking societies, aligning Section 393(4) with the Income-tax Act, effective April 2026.
Income Tax Changes in Provident Funds: Schedule XI Rationalised from 1st April 2026
06 February 2026 at 07:13Schedule XI of the Income-tax Act is being rationalised to remove outdated PF provisions and align with EPF laws. Know the major changes applicable from AY 2026-27.
Buyback of Shares to Be Taxed as Capital Gains from FY 2026-27
06 February 2026 at 07:12From FY 2026-27, consideration received on buyback of shares will be taxed as capital gains, replacing dividend taxation and introducing higher tax liability for promoters.
Capital Gains Exemption on Sovereign Gold Bonds Tightened from AY 2026-27
06 February 2026 at 07:11The government has amended the capital gains exemption on Sovereign Gold Bonds to apply only when bonds are subscribed at original issue and held till maturity. Effective from AY 2026-27.
Interest Deduction on Dividend Income to Be Disallowed Under IT Act 2025 from April 2026
06 February 2026 at 07:10Interest expenditure will no longer be allowed as a deduction against dividend and mutual fund income under Section 93 from April 2026.
Popular News
- GST Council Urged to Scrap Rs 7500 Threshold and Fix Single 5% Tax Across Hotels
- Income Tax Rules, 2026 Notified: Rule-Wise Comparison with Old IT Rules, 1962
- Draft Income Tax Rules, 2026 Released: Major Changes in Capital Gains, Perquisites and Non-Resident Taxation
- Budget 2026-27: Direct Tax Reforms for Ease of Living, Small Taxpayer Relief
- TDS/TCS Guidelines to Become Binding on Tax Authorities and Deductors from April 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani -
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
CA Arpita Tulsyan
CAclubindia
