Finance Bill 2026: NPO Registration Requirement Clarified for Certain Funds
Clause 66 of Finance Bill 2026 amends section 332 to exclude specified Schedule VII funds from mandatory NPO registration, aligning with the Income-tax Act, 1961.
Author: Vinod Arora
Finance Bill 2026: Belated Return Filing for NPOs Enabled
Clause 67 of Finance Bill 2026 amends section 349 of the Income-tax Act, 2025 to permit belated return filing by registered non-profit organisations from 1 April 2026.
Finance Bill 2026: Deductions Against Dividend Income Withdrawn
Clause 36 of Finance Bill 2026 amends section 93 to disallow any expenditure deduction against dividend and mutual fund income, effective from 1 April 2026.
Finance Bill 2026: Provident Fund Rules Rationalised Under Schedule XI
Clause 111 of Finance Bill 2026 rationalises Schedule XI for recognised provident funds, aligning tax rules with the EPF Act and a uniform ₹7.5 lakh employer contribution cap.
Finance Bill 2026: Sovereign Gold Bond Capital Gains Exemption Clarified
Clause 35 of Finance Bill 2026 clarifies capital gains exemption on Sovereign Gold Bonds, restricting it to original individual subscribers holding bonds till maturity.
Finance Bill 2026: STT Rate Increase on Futures and Options
Clause 143 of the Finance Bill 2026 increases Securities Transaction Tax on options and futures. Read the revised rates, meaning, and implications.
Finance Bill 2026: Taxation of Share Buybacks, Amendments Explained
Finance Bill 2026 proposes a major shift in taxation of share buybacks, moving from dividend taxation to capital gains, with special tax treatment for promoters.
Finance Bill 2026: TDS Changes Under Section 393 Explained
Clause 72 of the Finance Bill 2026 amends section 393 of the Income-tax Act, 2025 to exempt TDS on interest to co-operative banks, MACT compensation, and streamline declarations.
Union Budget 2026-27: Customs Duty Amendments and Their Implications
Union Budget 2026-27 proposes wide-ranging customs duty and customs law amendments impacting tariffs, exemptions, warehousing, surcharges, and trade facilitation. Read a detailed analysis.
Union Budget 2026-27: Key GST Amendments and Their Implications
Union Budget 2026-27 proposes targeted GST law amendments impacting discounts, refunds, appellate mechanisms, and intermediary services. Read a clear analysis of implications.