Budget 2026: Tax rules kicking in from April 1 under new compliance framework; what taxpayers should note – BusinessToday

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/budget-2026-tax-rules-kicking-in-from-april-1-under-new-compliance-framework-what-taxpayers-should-note-514572-2026-02-04 Tax experts say the new rules will significantly influence how taxpayers file returns, disclose income, manage penalties and prosecutions, comply with TDS provisions

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

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