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Union Budget 2026 introduces FAST-DS amnesty scheme allowing small taxpayers to declare undisclosed foreign assets and avoid prosecution under Black Money Act.
Union Budget 2026 shifts buyback taxation to shareholders, taxing proceeds as capital gains and ending company-level buyback tax under Section 115QA.
Union Budget 2026 exempts interest on motor accident compensation from income tax and TDS, ensuring victims and families receive full MACT awards.
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.