CAclubindia News

No Income-Based Tax at Purchase Stage: FM Sitharaman Clarifies GST Framework

28 March 2026 at 09:29

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.

Posted in GST | 285 Views

Central Excise Amendments 2026: Govt Revises Key Figures in Official Corrigendum

28 March 2026 at 09:28

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...

Posted in Excise | 51 Views

CBDT Extends TDS Certificate Deadline for Dec 2025 Quarter to 31st March 2026

28 March 2026 at 09:25

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.

Posted in Income Tax | 5169 Views

Finance Bill 2026: Relief and Clarity on Buyback Taxation for Promoters

28 March 2026 at 09:24

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.

Posted in Income Tax | 972 Views

Central Excise Changes 2026: Govt Revises Duty on Fuel, Updates Export Exemptions and ATF Levy

28 March 2026 at 09:24

The Ministry of Finance, India has issued multiple Central Excise notifications revising duty rates on petrol, diesel and aviation turbine fuel, along with new export exemptions and compliance rules effective immediately.

Posted in Excise | 1500 Views

Foreign Contribution (Regulation) Amendment Bill, 2026: Key Changes in Foreign Funding Rules Explained

27 March 2026 at 09:31

Foreign Contribution (Regulation) Amendment Bill, 2026 introduced in Lok Sabha proposes major changes including designated authority framework, stricter compliance, asset vesting rules, and prior approval for investigations.

Posted in Others | 453 Views

Corporate Laws Amendment Bill 2026: Major Changes to LLP & Companies Act Explained

27 March 2026 at 09:29

The Corporate Laws (Amendment) Bill, 2026 introduces key reforms to the LLP Act and Companies Act, including IFSC-focused provisions, foreign currency norms, hybrid AGMs and decriminalisation of offences to boost ease of doing business in India.

Posted in Corporate Law | 3981 Views

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 | 105 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 | 2814 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 | 3120 Views