*******New ITR rules to penalties: 15 big income tax changes ahead of new tax law rollout – Budget 2026 FAQs – Money News | The Financial Express

Clipped from: https://www.financialexpress.com/money/15-big-income-tax-rule-changes-ahead-of-new-tax-law-rollout-on-april-1-budget-2026-faqs-4129781/ Post-Budget FAQs issued by the Income Tax Department reveal some important but lesser-noticed tax changes announced in Budget 2026. These clarifications, part of

*******Can I gift large sum to my senior citizen parent and open a joint bank account with them to earn interest without tax? – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/can-i-gift-large-sum-to-my-senior-citizen-parent-and-open-a-joint-bank-account-with-them-to-earn-interest-without-tax/articleshow/127877663.cms I want to gift a large sum to my senior citizen parents so that they can invest in long-term, high-yield FDs. Since they

Relaxation in jail term on ITR filing offence in Budget 2026: Pay fine or 2 years jail instead of 7 years if ITR not filed and tax is above Rs 50 lakh – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/relaxation-in-jail-term-on-itr-filing-offence-in-budget-2026-pay-fine-or-2-years-jail-instead-of-7-years-if-itr-not-filed-and-tax-is-above-rs-50-lakh/articleshow/127880365.cms Listen to this article in summarized format has introduced a significant change by rationalising the income tax penalty and prosecution rules. O.P Yadav, former commissioner

New Baggage Rules 2026: Duty-Free baggage limit raised to Rs 75,000 for Indian travellers  – Key changes here – Airlines/Aviation News | The Financial Express

Clipped from: https://www.financialexpress.com/business/airlines-aviation-new-baggage-rules-2026-duty-free-baggage-limit-raised-to-rs-75000-for-indian-travellersnbsp-key-changes-here-4129217/ India’s new Baggage Rules, 2026 make international travel easier for passengers, raising duty-free allowances to Rs 75,000 for residents and tourists of Indian

Budget 2026 tightens ITR-U rules: Correcting old mistakes in income tax return may now cost up to 70% extra – Money News | The Financial Express

Clipped from: https://www.financialexpress.com/money/budget-2026-tightens-itr-filing-rules-correcting-old-tax-mistakes-will-cost-you-up-to-70-extra-4129220/ After Budget 2026, correcting past income tax mistakes has become significantly more expensive. Under the updated return (ITR-U) framework introduced through the Finance

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