Maharashtra Extends GST Appeal Deadline to June 30, 2026, for Earlier Tribunal Orders
Maharashtra GST tribunal appeal deadline extended to June 30, 2026 for orders received before April 1. Standard 3-month…
New Income Tax Act Takes Effect Today, Alters Basic Pay and Dearness Allowance Calculations
India's 2026 labor rules mandate basic pay at 50% of CTC, increasing retirement savings while potentially reducing monthly…
Madhya Pradesh Chief Minister Shivraj Singh Chouhan Pushes GST Cut on Agricultural Paper Bags
India reduces GST on agricultural paper sacks and boxes to 5%, aiming to cut farm logistics costs while…
Central Board of Direct Taxes Signs 219 Advance Pricing Agreements, India Tops 1000
India signs record 219 APAs in FY 2026, crossing the 1,000-agreement milestone to enhance tax certainty and reduce…
CBDT Mandates Financial and Ownership Disclosure in ITR-6 Under Finance Act 2024
CBDT notifies revised ITR-6 for 2025-26, mandating split capital gains reporting, detailed corporate IDs, and sector-specific disclosures for…
Morrisey Signs Senate Bill 392, Cutting State Income Tax Rate to 5%
West Virginia Governor Patrick Morrisey signed a 5% personal income tax cut on March 31, 2026, as part…
Goa State Tax Commissioner Rules Property Owners Deemed Liable Under GST Order
Goa issues GST order making property owners liable for event taxes if organizers default or if advance details…
CBDT Tightens Mandatory DIN Rules for 2026 Finance Act Compliance
CBDT mandates page-by-page DIN for tax notices from April 1, 2026, while protecting documents from invalidation over minor…
Income-Tax Act, 2025 Overhauls TDS and TCS Rules, Forms from April 1, 2026
India implements the Income-tax Act, 2025, on April 1, 2026, featuring 2% TCS on foreign tours and education,…
Income-Tax Act, 2025 Section 31 Defines Bad Debts Deductibility, Guides Taxpayers
Section 31 of the Income-tax Act 2025 clarifies tax deductions for bad debts, distinguishing between estimated provisions and…
Visa Holders in Texas Keep 401(k) Withdrawals Tax-Free Under Substantial Presence Test
Texas offers $0 state tax on 401(k) withdrawals for visa holders in 2026, though federal taxes and residency…
South Carolina Governor Signs Law Cutting Income Tax and Boat Property Taxes
South Carolina cuts top income tax to 5.21% and slashes boat property taxes in new 2026 legislation signed…
Supreme Court to Examine Assessment Limitation Under Indo-Swiss DTAA Extension
India faces a March 2026 tax deadline as the Supreme Court weighs if Indo-Swiss DTAA amendments can legally…
Banks to Deduct TDS Under Section 194A on Interest Above ₹50,000 Per Financial Year
Learn India's 2026 TDS rules for deposit interest: ₹50k limit for non-seniors and ₹1L for seniors. Avoid 20%…