Union Budget & Policy News
Lok Sabha Passes Finance Bill 2026 with 32 Amendments
26 March 2026 at 09:29Lok Sabha passes Finance Bill 2026 with 32 amendments after FM Nirmala Sitharaman's reply. Key bills introduced in Rajya Sabha; Budget Session may end early due to upcoming state elections.
Union Budget 2026-27: Total Expenditure Set at Rs 53.47 Lakh Crore
12 February 2026 at 10:13Union 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.
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06 February 2026 at 07:13Schedule XI of the Income-tax Act is being rationalised to remove outdated PF provisions and align with EPF laws.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.
Popular News
- CBDT Notifies NaBFID 10-Year Zero Coupon Bond Under Income Tax Act, 2025
- CBDT Notifies TDS Exemption for Specified Payments to IFSC Units Under Income Tax Act 2025
- CBDT Notifies Cost Inflation Index (CII) for FY 2026-27 Under Income Tax Act, 2025
- Social Protection Fund Notified as Specified Person Under IT Act 2025 for Tax-Exempt Investments in India
- CBDT Revises 'Specified Fund' Definition Under Income Tax Act, 2025
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
