Union Budget 2026: New Income Tax Act Brings Simplification and Relief for Taxpayers
Union Budget 2026 replaces the Income Tax Act, 1961 with the Income Tax Act, 2025, introducing simpler filing, lower penalties, and digital compliance.
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Union Budget 2026 replaces the Income Tax Act, 1961 with the Income Tax Act, 2025, introducing simpler filing, lower penalties, and digital compliance.
ITR filing rules for AY 2026–27 explained. Check new deadlines, ₹5,000 late fee, reduced penalty for small taxpayers, and belated return dates.
Budget 2026 introduces the new Income Tax Act replacing the 1961 law, simplifying deductions, exemptions, capital gains rules, and tax compliance.
Supreme Court dismisses Tata Sponge Iron’s challenge to the Odisha Entry Tax Act, refusing refund and reaffirming states’ power to levy entry tax.
Understand TDS on real estate brokerage under Section 194H. Learn when sellers must deduct TDS, applicable rates, compliance steps, and penalties for non-deduction.