CBDT clarifies that banks and specified institutions remain exempt from TDS on interest below threshold under the Income-tax Act, 2025, ensuring no change from Section 194A provisions.
Central Board of Indirect Taxes and Customs (CBIC) organised an outreach programme in New Delhi on the Duty Deferment Scheme (EMI), highlighting benefits, eligibility, and compliance for manufacturer importers.
CBDT Notification 01/2026 introduces mandatory UIN generation for Form 121 and quarterly reporting rules for payers under the Income Tax Act 2025, effective April 1, 2026.
India's new GDP series (2022-23 base year) uses over 300 data sources, GST and PFMS data to improve accuracy. FM Nirmala Sitharaman explains evolution since 1948.
KPMG UK plans potential layoffs impacting up to 440 audit employees amid low attrition and market slowdown. Nearly 600 staff are at risk as restructuring begins.
CBIC Circular 14/2026 clarifies that self-sealing permission for exporters has no expiry and continues indefinitely unless revoked for non-compliance or misuse.
Finance Minister Nirmala Sitharaman states in Lok Sabha that GST is a fair, pro-poor tax system with exemptions on essential goods and low rates on basic necessities.
Government issues corrigendum to Central Excise notifications dated March 26, 2026, revising key duty rates from 18.5% to 12% and 3% to 9.5%. Read full details...
CBDT extends the due date for issuing TDS certificates for Q3 FY 2025–26 to March 31, 2026, citing technical glitches on the income tax portal.
Finance Bill 2026 clarifies that the 12% surcharge applies only to additional Income Tax payable by promoters on capital gains from share buybacks. Read full details.
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