Union Budget 2026 details direct tax measures, TDS/TCS rate changes, new exemptions, and revised ITR deadlines for taxpayers.

This proposal is important as excess tax deduction at source (TDS) creates liquidity challenges for small taxpayers. They have to wait for refunds after filing their returns. For instance, a ...

As part of the changes, the tax filing deadline for non-audit trusts has been extended to August 31, while the due date for ...

The Union Budget 2026-27 introduces several direct tax reforms to make life easier for taxpayers. These changes reduce tax deductions, simplify return filing, help small taxpayers, and remove ...

While some proposals were aimed at providing relief to common taxpayers and easing compliance, others like STT hike will ...

The government, in the Union Budget 2026, has proposed changes to the Income Tax Act to make compliance easier for employers and insurance companies. The proposals focus on simplifying deduction rules ...

The issue was prolonged misuse of correction statements due to no statutory deadline. The law now enforces strict timelines, making accurate original filing ...

Finance Minister Nirmala Sitharaman on Sunday simplified Tax Deducted at Source (TDS) on property sales by non-residents ...

Union Budget 2026 brought significant relief for individual and small taxpayers, with Finance Minister Nirmala Sitharaman ...

The dispute concerned denial of TDS credit citing inconsistencies in reported transaction values. The ruling clarified that ...