CBDT Draft Rule 26 Shields Payments Over ₹10,000 from Disallowance
India's CBDT unveils Draft Rule 26, exempting certain payments over ₹10,000 from electronic-only requirements to prevent tax disallowances…
Articles by & updated by Sai Sankar
National Council for Science and Technology Innovation Approves Draft Rule 29
India's draft tax rules centralize research approvals under NCSTI, allowing 100% deductions for scientific spending starting April 2026.
Pfrda Permits Subscriber Data Sharing Under NPS Vatsalya in Circular No. Pfrda/2026/09/reg-Pf/03
PFRDA enables data sharing between CRAs and Pension Funds for NPS Vatsalya, mandating strict privacy compliance and transparent…
Treasury Offset Program Threatens Social Security for Student-Loan Borrowers
The U.S. Department of Education paused student-loan default collections in Jan 2026, delaying wage garnishment and tax offsets…
Pinecrest Mayor Joseph Corradino Warns HJR 203 Could Crush Homestead Properties
Florida House passes HJR 203 to scrap non-school property taxes for homesteads, creating a potential $14.8B local budget…
Vietnam Upholds Tax Transparency Under Law on Tax Administration
The EU blacklisted Vietnam for tax non-cooperation in 2026. Hanoi defends its transparency efforts while businesses brace for…
40% Written Down Value Cap Hits Depreciation Under Draft Income Tax Rule 25
Draft Income-tax Rule 25 caps depreciation at 40% of WDV for taxpayers in concessional regimes, standardizing limits for…
Brian Fitzpatrick Backs One Big Beautiful Bill Act to Boost Clean Energy Tax Credit
Rep. Brian Fitzpatrick (R-PA) launches a legislative push to restore wind and solar tax credits eliminated by the…
Central Board Revises Tariff Values in Notification No. 22/2026–customs
India's CBIC updates import tariff values for gold, silver, and oils effective Feb 19, 2026, maintaining existing rates…