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The High Court ruled that Income Tax Settlement Commission orders don't grant immunity from money laundering charges, as the IT Act and PMLA are independent.
New income tax law and significant tax changes take effect from April 1, simplifying tax filing and introducing a new tax year system.
Beginning April 1, 2026, India and Kerala will see substantial regulatory and financial shifts, including the implementation of the Income Tax Act, 2025, which replaces the old act.
March 15 is the deadline for paying the fourth instalment of advance tax for the 2025–26 financial year.
Confident Group MD TA Joseph has refuted claims made by some YouTubers that the company engaged in FEMA violations and money laundering, calling these narratives false.
After reviewing the inputs, the final rules and forms will be notified.
The changes aim to make compliance easier, improve cash flows, and reduce procedural hurdles.
India's Finance Minister Nirmala Sitharaman announced that a new Income Tax Act, replacing the 1961 law, will take effect from April 1, 2026, aiming to simplify direct tax compliance for ordinary citizens.
Union Budget 2026-27 updates: Finance Minister Nirmala Sitharaman announces key policies and reforms shaping India’s economy. The budget includes income tax changes and measures impacting businesses and individuals. Get the latest Union Budget 2026 news and analysis on OnManorama.
Speaking to the media, Babu said Roy had been under intense pressure from the IT Department.
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