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BudgetScan 2026

BudgetScan 2026

ICAI, ICSI & ICMAI: Every Budget Applauded, None Criticised — Silence Sparks Controversy

Gopika V

India’s three premier professional institutes, the Institute of Chartered Accountants of India(ICAI), the Institute of Company Secretaries of India...

Budget 2026: CMAs Brought Under Safe Harbour Certification Framework in Income Tax Rules Draft

Omission of IGST Section 13(8)(b): How Budget 2026 Resets Taxation of Intermediary Services

“Are CAs Too Expensive?” Budget 2026’s Corporate Mitras Plan Triggers Outrage

Budget 2026: Know the Complete Taxation and Compliance Changes of Trusts and NGOs [Read Finance Bill...

New Changes for NRIs & Foreign Investors: All You Need to Know under Finance Bill, 2026

The Finance Bill, 2026 brings several focused changes for Non-Resident Indians, returning NRIs and foreign investors having business or financial interest in India. These changes aim to provide tax ...

Budget 2026: BCD Exemption Proposed on Sodium Antimonate Imports Used in Solar Glass Manufacturing

In the Union Budget for the year 2026-27 presented by Finance Minister Nirmala Sitharaman, India has put forward a proposal to exempt sodium antimonate from BCD when imported for manufacturing...

Budget 2026 – Significant Changes in TDS and TCS Provisions

The Union Budget 2026 has introduced important changes in Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) provisions. The government has focused on rationalisation of rates, removal...

Income Tax Department Releases FAQs on Direct Tax Proposals in Budget 2026 [Read FAQs]

Following the presentation of the Union Budget 2026, the Income Tax Department has released a set of Frequently Asked Questions (FAQs) to clarify the intent, scope, and implementation of the direct...

Important Customs Updates for Passengers Travelling to India under Finance Bill, 2026

All passengers arriving in India on or after 2 February 2026 must follow the new Customs framework. These rules apply at all international airports, seaports, and land borders, subject to specific...

CBIC Releases FAQs on Newly Introduced Customs Reforms under Finance Bill, 2026 [Read FAQs]

The Central Board ofIndirect Taxes and Customs (CBIC) has released an extensive set of Frequently Asked Questions (FAQs) explaining the newly introduced Customs reforms proposed under the Finance...

Centre Freezes 41% Tax Share, Bets on ₹1.4 Lakh Crore Local Grants to Power Federal Push

The Union Budget for the Financial Year 2026-27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today (Sunday, 1 February 2026), setting the stage for Centre–State fiscal...