CAclubindia News

FM Sitharaman in Lok Sabha: Facilitate First, Enforce Where Necessary

27 March 2026 at 09:27

FM Nirmala Sitharaman outlines ‘facilitate first’ tax philosophy in Budget 2026. TCS cuts, MSME relief, cooperative tax benefits and fisheries export boost announced.

Posted in Income Tax | 1 comments | 177 Views

New Income Tax Act 2025 to Simplify Compliance; Appeal Limits Raised, Says FM in Lok Sabha

27 March 2026 at 09:24

FM 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.

Posted in Income Tax | 1 comments | 3360 Views

ITR Refund Delays in FY 2025-26: Over 27 Lakh Returns Still Pending Despite High Processing Rate

27 March 2026 at 09:24

Income 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.

Posted in Income Tax | 1 comments | 5535 Views

Health Insurance Premiums Cross Rs 1.2 Lakh Crore in FY25

27 March 2026 at 09:24

India'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.

Posted in Community & General | 1 comments | 216 Views

Big Relief for Taxpayers: FM Sitharaman Allows ITR Updates Even After Reassessment Proceedings

26 March 2026 at 09:29

Finance 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.

Posted in Income Tax | 1 comments | 19794 Views

Lok Sabha Passes Finance Bill 2026 with 32 Amendments

26 March 2026 at 09:29

Lok 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.

Posted in Union Budget & Policy | 1 comments | 4590 Views

Income Tax Scam Alert: Fake Email on Return Filing Compliance Exposed

26 March 2026 at 09:28

PIB Fact Check warns taxpayers about a fake Income Tax email claiming compliance gaps. Learn how to identify phishing attempts and stay safe online.

Posted in Income Tax | 1 comments | 501 Views

Govt Clarifies LPG Refill Booking Rules: No Change in Timelines, Rumours Debunked

26 March 2026 at 09:26

Government 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.

Posted in Community & General | 1 comments | 270 Views

No Formal Analysis on GST Rate Changes' Fiscal Impact, Govt Informs Lok Sabha

26 March 2026 at 09:25

Minister 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.

Posted in GST | 1 comments | 1908 Views

Government Moves to Simplify Income Tax Laws, Reduce Litigation: MoS Finance

26 March 2026 at 09:21

Minister 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.

Posted in Income Tax | 1 comments | 381 Views