While speaking at a post-Budget interactive session organised by the Confederation of Indian Industry (CII), the Secretary highlighted key reforms in direct taxation, and noted that the timeline for ...

Union Budget 2026 introduces direct tax reforms to empower taxpayers, reduce disputes, and enhance control over assessments, ...

Facility of revised returns, measures for customs processes to help taxpayers, cut down government involvement, say officials ...

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 ...

FM Nirmala Sitharaman presented her ninth Budget on 1 February. During her speech, she made a key income tax announcement on ...

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

The Budget introduces exemptions, lower TCS rates, and simplified compliance to reduce taxpayer burden. Key relief includes ...

The Budget also proposes to rationalise the taxation of buyback shares, treating consideration received as capital gains, instead of dividend income. Promoter companies will face an effective tax of ...

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.