Union Budget News

Union Budget 2026-27: Total Expenditure Set at Rs 53.47 Lakh Crore

12 February 2026 at 10:13

Union Budget 2026-27 pegs total expenditure at Rs 53.47 lakh crore with capital expenditure of Rs 12.2 lakh crore and fiscal deficit target at 4.3% of GDP. FM Nirmala Sitharaman emphasizes growth with fiscal discipline.

Posted in Union Budget | 213 Views

Investors to Get Simpler TDS Exemption Filing Through Depositories

09 February 2026 at 06:50

Proposed tax amendment allows investors to file no-TDS declarations through depositories for dividends, interest and mutual fund income, reducing multiple compliance filings.

Posted in Union Budget | 144 Views

Union Budget 2026-27 is a Roadmap to Viksit Bharat 2047: MoS Harsh Malhotra

07 February 2026 at 09:11

Minister 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.

Posted in Union Budget | 276 Views

Section 332 Amended: Certain Funds Exempted from NPO Registration from April 2026

07 February 2026 at 07:53

Finance Bill 2026 amends section 332(1)(f) to exempt certain funds from mandatory NPO registration, effective from April 1, 2026.

Posted in Union Budget | 189 Views

Registered NPOs Get Relief as Commercial Activity No Longer a Specified Violation

07 February 2026 at 07:52

Finance Bill 2026 removes commercial activity by NPOs from the list of specified violations under section 351, reducing the risk of registration cancellation.

Posted in Union Budget | 1683 Views

NPO Merger Rules Amended: New Section 354A to Exempt Accreted Income Tax from April 2026

07 February 2026 at 07:52

New Section 354A under Finance Bill 2026 clarifies tax treatment on accreted income for mergers of registered non-profit organisations with similar objects.

Posted in Union Budget | 2175 Views

No TDS on Interest Paid to Co-operative Banks from 1st April 2026

07 February 2026 at 07:52

Budget 2026 proposes no TDS on interest paid to co-operative banking societies, aligning Section 393(4) with the Income-tax Act, effective April 2026.

Posted in Union Budget | 1701 Views

Income Tax Changes in Provident Funds: Schedule XI Rationalised from 1st April 2026

06 February 2026 at 07:13

Schedule XI of the Income-tax Act is being rationalised to remove outdated PF provisions and align with EPF laws.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.

Posted in Union Budget | 990 Views

Buyback of Shares to Be Taxed as Capital Gains from FY 2026-27

06 February 2026 at 07:12

From 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.

Posted in Union Budget | 1149 Views

Capital Gains Exemption on Sovereign Gold Bonds Tightened from AY 2026-27

06 February 2026 at 07:11

The 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.

Posted in Union Budget | 2388 Views