Budget 2026 Must Fix Harsh Penalties and Faceless Appeals in India’s New Tax Law
Income Tax Act 2025 brings 120% penalties and jail risk from April 2026. Experts urge Budget 2026 reforms on faceless appeals and taxpayer protection.
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Income Tax Act 2025 brings 120% penalties and jail risk from April 2026. Experts urge Budget 2026 reforms on faceless appeals and taxpayer protection.
Foreign consulting income earned by Indian residents is taxable in India even if not remitted. FEMA governs remittance, while Income Tax Act defines tax liability.
Supreme Court exempts Adani Power from customs duty on electricity supplied from Gujarat SEZ to DTA, overturning Gujarat High Court ruling and ordering refund.
Andhra Pradesh High Court sets aside 18% GST on industrial area road works, holding them public in nature and ordering fresh assessment based on IALA certificate.
Budget 2026 may fix the Section 87A rebate gap that denies relief to small taxpayers with capital gains. BCCI urges fair tax treatment for investors.