by admin | Feb 9, 2026 | Income Tax
The Madras High Court has affirmed the levy of a ₹1.5 crore penalty under Section 271AAB of the Income-tax Act, 1961, on actor-politician Vijay, holding that the imposition of penalty consequent to a search and seizure operation was legally sustainable. The Court...
by admin | Feb 6, 2026 | Income Tax
1.Have the income tax slabs or rates changed for 2026-27? No. The Finance Minister announced no changes to the tax slabs, rates, or standard deductions under either the old or new tax regimes for Financial Year 2026-27. 2.What are the new income tax slabs under the...
by admin | Feb 5, 2026 | Income Tax
In Budget 2026–27, the Government of India introduced a significant change in the tax treatment of SGBs (Sovereign Gold Bonds)— one of the most popular gold investment instruments previously admired for its tax benefits. What has changed? From 1 April 2026 (FY 2026–27...
by admin | Feb 3, 2026 | Income Tax
In the Union Budget 2026 presented on February 1, 2026, The Finance Minister, Nirmala Sitharaman, retained the existing personal income tax slabs and rates under both the old and new tax regimes. At the same time, the Budget unveiled a significant reform in the...
by admin | Feb 2, 2026 | Income Tax
The Union Budget 2026–27, presented on 1 February 2026, introduces the ITA (Income Tax Act), 2025, which significantly rationalises TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) frameworks to ease cash flow and simplify compliance. Key TCS Rate...
by admin | Jan 31, 2026 | General, Income Tax
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