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Budget 2026 grants full income tax exemption on land acquisition compensation under RFCTLARR Act, offering major relief to farmers and affected families.
Budget 2026 simplifies customs tariffs, cuts duties for green energy, healthcare and consumers, and tweaks excise rules to boost manufacturing and exports.
ITAT Delhi restricts ad-hoc profit addition in milk trading case to 5%, ruling that arbitrary 20% estimates under Section 69A lack evidence.
ITAT rules that temporary family deposits in a student’s bank account for overseas education financial proof cannot be treated as taxable income.
From AY 2026–27, pensioners earning up to ₹12 lakh pay zero tax under the new regime as Section 87A rebate is expanded and slabs are simplified.