MSMEs urge Budget 2026 to fix GST 2.0 inverted duty issues, ease compliance, boost credit access and shield exporters from US tariff shocks.
Ahead of the Union Budget, ICAI has sought changes in the default tax regime, including health insurance deductions, higher surcharge thresholds and joint taxation for couples.
ICAI introduces mandatory E-Diary for CA articled trainees from 1 January 2026, enabling digital attendance, task tracking, stipend records and transparent monitoring of practical training.
India’s real GDP growth is estimated at 7.4% in FY26, led by strong services and manufacturing growth, even as nominal GDP falls short of budget targets.
CBDT notifies Core Settlement Guarantee Fund set up by AMC Repo Clearing Ltd for income-tax exemption under Section 10(23EE) from AY 2024-25.
India sees a 22% rise in crorepati income-tax filers in FY26 even as overall ITR filings grow just 1%, indicating income concentration and improved compliance.
Over 63 lakh income tax returns for AY 2025-26 are still under processing. Know why refunds are delayed, legal timelines and what taxpayers can do next
As India prepares for Union Budget 2026, the Finance Ministry sees multiple new secretaries while Budget work progresses normally despite no designated Finance Secretary.
Large taxpayers may move to automated tax compliance as the government opens API access for GST systems, with income tax and customs portals likely to follow.
ITAT Mumbai dismisses Income Tax Department’s appeal, holding that alleged cash receipt in a Pune property sale cannot be sustained without admissible evidence or Section 65B certificate for WhatsApp chats.