CAclubindia News
FM Sitharaman in Lok Sabha: Facilitate First, Enforce Where Necessary
27 March 2026 at 09:27FM Nirmala Sitharaman outlines ‘facilitate first’ tax philosophy in Budget 2026. TCS cuts, MSME relief, cooperative tax benefits and fisheries export boost announced.
New Income Tax Act 2025 to Simplify Compliance; Appeal Limits Raised, Says FM in Lok Sabha
27 March 2026 at 09:24FM Nirmala Sitharaman says New Income Tax Act 2025 will simplify tax filing and reduce forms. Government raises appeal limits for ITAT, High Court and Supreme Court.
ITR Refund Delays in FY 2025-26: Over 27 Lakh Returns Still Pending Despite High Processing Rate
27 March 2026 at 09:24Income tax refund delays persist in FY 2025-26 with over 27 lakh ITRs still unprocessed. AI-based checks, AIS mismatches and system validations are slowing refunds.
Health Insurance Premiums Cross Rs 1.2 Lakh Crore in FY25
27 March 2026 at 09:24India's health insurance sector crosses Rs 1.2 lakh crore in FY25 with 9% growth. IRDAI introduces strict timelines: 1-hour pre-authorization and 3-hour final approval to ensure faster, transparent claim settlements and improved policyholder trust.
Big Relief for Taxpayers: FM Sitharaman Allows ITR Updates Even After Reassessment Proceedings
26 March 2026 at 09:29Finance Minister Nirmala Sitharaman announces major taxpayer relief measures, including updated ITR filing after reassessment, NRI foreign asset disclosure scheme, and simplified travel and TDS rules in Finance Bill 2026.
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.
Income Tax Scam Alert: Fake Email on Return Filing Compliance Exposed
26 March 2026 at 09:28PIB Fact Check warns taxpayers about a fake Income Tax email claiming compliance gaps. Learn how to identify phishing attempts and stay safe online.
Govt Clarifies LPG Refill Booking Rules: No Change in Timelines, Rumours Debunked
26 March 2026 at 09:26Government clarifies that no changes have been made to LPG refill booking timelines. Existing limits remain 25 days in urban areas and 45 days in rural areas. Citizens advised to ignore misinformation and avoid panic booking.
No Formal Analysis on GST Rate Changes' Fiscal Impact, Govt Informs Lok Sabha
26 March 2026 at 09:25Minister of State for Finance Pankaj Chaudhary told Lok Sabha that no formal study has been conducted on the inflation or revenue impact of GST rate rationalisation, though reforms aim to boost affordability and growth.
Government Moves to Simplify Income Tax Laws, Reduce Litigation: MoS Finance
26 March 2026 at 09:21Minister of State for Finance Pankaj Chaudhary informed Parliament that the government is simplifying income tax laws, reducing litigation and introducing automated systems for TDS compliance under the Finance Bill 2026.
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