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Finance Act 2025 Tightens Income-Tax Act 1961 Section 2(15) on Charities
India's Income-tax Act requires trusts to apply 85% of income to charitable goals and follow strict registration and investment rules…
48-Hour Free Cancellation Window Remains as DGCA Updates Ticket Refund Rules
India's DGCA introduces a 48-hour free cancellation window for direct airline bookings and stricter refund rules effective March 26, 2026.
Indian Consulates Run Dry as B1/b2 Visa Interview Slots Vanish
US B1/B2 visa slots for 2026 are nearly exhausted in major Indian cities, with wait times exceeding nine months in…
Policybazaar Sees Health Premiums Rise as Zero GST Fuels NRI Demand
India's health insurance premiums rose 27.17% in Jan 2026, driven by a 126% surge in NRI buyers and zero GST…
Draft Income Tax Rules 27 and 28 Specify Audit Report for Section 44 Deductions
India introduces Draft Rules 27 and 28 for April 2026, requiring new electronic forms and audit reports for business deductions…
Draft Income Tax Rule 36 Targets Affordable Housing and Semiconductor Units
India's CBDT draft Rule 36 sets tax benefit criteria for affordable housing and semiconductor units, introducing price caps and size…
Income Tax Rules Draft Tighten Unrealised Rent Cases, Rural Branch Advances
The 2026 Draft Income-tax Rules set strict proof requirements for unrealised rent deductions and standardize bank calculations for rural branch…
Draft Income Tax Rule 23 Calculates Pro Rata Discount on Zero Coupon Bonds Under Section 32(d)
India's CBDT Draft Rule 23 introduces a daily pro rata formula for zero coupon bond discount deductions, effective April 1,…