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

Sold farm land for Rs 5 crore, buys new land in wife’s name, paid no capital gains tax, gets tax notice; Why ITAT Delhi denied tax exemption – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/sold-farm-land-for-rs-5-crore-buys-new-land-in-wifes-name-paid-no-capital-gains-tax-gets-tax-notice-why-itat-delhi-denied-tax-exemption/articleshow/127819618.cms Listen to this article in summarized format On January 21, 2026, the Income Tax Appellate Tribunal (ITAT Delhi) rejected a husband’s request for

ITAT Chandigarh Quashed Reassessment Due to JAO Issuing Notice Post-Faceless Mandate

https://taxguru.in/income-tax/itat-chandigarh-quashed-reassessment-due-jao-issuing-notice-post-faceless-mandate.html ITAT Chandigarh Quashed Reassessment Due to JAO Issuing Notice Post-Faceless Mandate Clipped from: https://taxguru.in/income-tax/itat-chandigarh-quashed-reassessment-due-jao-issuing-notice-post-faceless-mandate.html Biru Sharma Vs ITO (ITAT Chandigarh) The appeal before the Income Tax

Cash Payment for Joint Flat Bought with Wife Explained through Bank Records: ITAT Deletes ₹5.25 Lakh Income Tax Addition [Read Order]

Clipped from: https://www.taxscan.in/top-stories/cash-payment-for-joint-flat-bought-with-wife-explained-through-bank-records-itat-deletes-525-lakh-income-tax-addition-1442392?TRN300=SekGznSUsaDlKvEVxcwMCKGGasJUGdMKvvEXSGPxgjGMVUfSyMcBzIURBMcAch&LKD333=3385633 ITAT found merit in the appellant’s argument and deleted tax addition. Bank records show that cash payment was made to purchase a flat.

Small Taxpayers to Get Lower, Nil TDS Certificates without Applications to Assessing Officer: Union Budget 2026

Clipped from: https://www.taxscan.in/top-stories/small-taxpayers-to-get-lower-nil-tds-certificates-without-applications-to-assessing-officer-union-budget-2026-1442586?TRN300=SebWJnSDsAuRKvvwGBAMCbGGacJdwuMkveGwbAqXWjhMEUFSYMCkZyDPbMCASH&LKD333=3387288 The proposal aims to introduce a rule-based, automated system for granting lower or nil TDS certificates to eligible small taxpayers. The Union Budget

Budget 2026: Taxpayers allowed to File Updated Income Tax Returns Even After Reassessment Begins

Clipped from: https://www.taxscan.in/top-stories/budget-2026-taxpayers-allowed-to-file-updated-income-tax-returns-even-after-reassessment-begins-1442589?TRN300=SebWJnSDsAuRKvvwGBAMCbGGacJdwuMkveGwbAqXWjhMEUFSYMCkZyDPbMCASH&LKD333=3387291 Budget 2026 allows taxpayers to file updated income tax returns even after reassessment proceedings begin, subject to payment of additional tax and without

Budget 2026 Income Announcements LIVE: Income Tax Penalities, Revised ITR Deadlines | Income Tax on Investors, STT Tax Rate Live | FM Nirmala Sitharaman Income Tax LIVE Announcements – Money News | The Financial Express

Clipped from: https://www.financialexpress.com/money/income-tax-slabs-union-budget-2026-live-updates-check-new-revised-income-tax-slabs-rates-old-tax-regime-calculator-for-fy-2026-27-4126221/ Go to Live Updates Income Tax Slab Rates for FY 2026-27 | Budget 2026 Live Updates: Finance Minister Nirmala Sitharaman presented her 9th straight budget

Income Tax Act 2025 From April 1, But No Slab Changes: Top 10 Budget 2026 Announcements Every Taxpayer Must Know – Money News | The Financial Express

Clipped from: https://www.financialexpress.com/money/10-big-income-tax-changes-in-budget-new-itr-filing-deadline-200-pc-penalty-on-misreporting-income-and-more-4127024/ From the rollout of the Income Tax Act, 2025 to extended deadlines, foreign asset disclosures, and changes impacting investors, here are the top

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