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Budget 2026 grants tax exemption till 2047 to foreign firms using Indian data centres for cloud and AI services, boosting FDI and digital infrastructure.
Union Budget 2026 shifts buyback taxation to shareholders, taxing proceeds as capital gains and ending company-level buyback tax under Section 115QA.
Budget 2026 introduces the new Income Tax Act replacing the 1961 law, simplifying deductions, exemptions, capital gains rules, and tax compliance.
Supreme Court upholds Section 205 protection for taxpayers but quashes Gujarat HC’s order directing CBDT to modify tax software for TDS defaults.
ITAT rules that temporary family deposits in a student’s bank account for overseas education financial proof cannot be treated as taxable income.