Free Income Tax, TDS, GST and Insurance, News Updates

Big Relief For Small Taxpayers! Government Plans 6-Month Window To Declare Undisclosed Foreign Assets Under Finance Bill 2026

In a significant move aimed at easing compliance burdens, the government has proposed a time-bound disclosure scheme under the Finance Bill, 2026, allowing taxpayers to voluntarily declare undisclosed foreign assets and income. The initiative seeks to address long-pending reporting gaps under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. […]

GST

Major Relief for Taxpayers: Gauhati HC Says ITC Cannot Be Rejected for Supplier’s GST Non-Payment

In a significant judgment that strengthens the rights of genuine taxpayers under the Goods and Services Tax (GST) regime, the Gauhati High Court has reiterated that a bona fide purchaser cannot be denied Input Tax Credit (ITC) merely because the supplier failed to deposit GST with the Government. The Court held that the tax authorities

Income Tax

Finance Bill 2026 : Taxation of Share Buy-Back

In a significant policy shift, the Finance Bill 2026 has proposed a comprehensive change in the taxation framework for share buy-backs, moving the tax incidence from dividend income to capital gains in the hands of shareholders. The move is aimed at rationalizing the current structure while plugging potential tax arbitrage, particularly for promoters. From Dividend

News

Highlights India Union Budget 2026-27

Here’s a comprehensive, detailed analysis of the India Union Budget 2026-27 presented on 1 February 2026. This overview covers major policy measures, fiscal strategy, tax changes, sector-wise allocations, reforms and long-term goals in depth (well over 1000 words), without source links, speaker names or photos. The focus is on explaining what was announced, why it

News

Railway Recruitment 2026

Railway Recruitment Board (RRB) has released an official notification for the recruitment of 22195 Group D Posts. Interested and eligible candidates can apply Online through the official RRB website. The last date to submit the application form is 02-03-2026. In this article, you’ll find the RRB Group D Posts recruitment details, including eligibility criteria, age limit,

Income Tax

Gift Tax Under the New Income Tax Act 2025.

Gift tax is one of the most misunderstood areas of income tax in India. Many taxpayers assume that receiving money, property, or valuable items as a gift is always tax-free, while others believe every gift attracts tax. Under the Income Tax Act, 1961, as applicable for Financial Year 2025-26, gift taxation is governed by specific

Income Tax

Major Tax Savings in FY 2025-26, How Senior Citizens Can Pay Little to No Income Tax”

As India’s population ages and living costs rise, the government has progressively adapted income tax laws to offer financial relief to older adults. One of the key areas where this support is visible is in the income tax system, particularly under the new tax regime introduced for Financial Year (FY) 2025-26. Many taxpayers — especially