The release of the draft Income Tax Rules, 2026 has brought an unexpected twist to India’s tax reform journey. While the new rules aim to operationalise the New Income Tax Act, 2025 from April 1, 2026 and significantly simplify compliance, several provisions have quietly restored relevance to the old tax…
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Union Budget 2026–27: Focus on Stability, Capex and Jobs
Union Finance Minister Nirmala Sitharaman on Sunday presented the Union Budget 2026–27 in the Lok Sabha, marking her ninth consecutive Budget and the first time India’s annual Budget was tabled on a Sunday. The Budget signals a clear shift towards policy continuity, fiscal discipline and long-term economic resilience rather than…
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CBDT’s 2nd NUDGE for Foreign Asset Compliance
The Central Board of Direct Taxes (CBDT) has launched the second edition of its Non-intrusive Usage of Data to Guide and Enable (NUDGE) initiative, aimed at promoting voluntary compliance among taxpayers holding foreign assets. Starting 28th November 2025, the CBDT will send SMSs and emails to identified taxpayers, advising them…