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Budget 2026 eases tax compliance, cuts TCS, overhauls penalties; relief for IT, NRIs and small taxpayers

Finance Minister Nirmala Sitharaman unveiled significant tax reforms in the Union Budget 2026, slashing TCS rates on overseas travel and remittances for education/medical needs. The budget also introduces simplified tax return forms, extended filing deadlines, and a one-time foreign asset…

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Union Budget 2026: Key announcements for CFOs across tax, capital markets and industry

During her presentation, the FM, Nirmala Sitharaman unveiled a set of measures spanning corporate taxation, capital markets, clean technologies, infrastructure risk mitigation, logistics, advanced manufacturing and MSME financing – areas that directly shape corporate financial planning and capital allocation.

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Budget 2026 taps ICAI, ICSI for short-term skill courses to boost employability

The Union Budget 2026 will support ICAI and ICSI in developing short, modular courses to boost employability and job placement for young professionals. This initiative aims to bridge skill gaps and align training with industry needs, forming a key part…

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FM maintains fiscal prudence with 4.3% deficit target

The move aligns with expectations from credit agencies and market analysts that had forecast a deficit around this level, signalling confidence in nominal GDP growth, buoyant tax receipts, and controlled expenditure growth.

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MCX shares crash 15%, hit lower circuit amid deepening gold, silver rout

MCX shares plummeted 10% as gold and silver prices crashed 6% each, extending Friday’s worst-ever selloff. Profit-taking and a strengthening US dollar drove the correction. The exchange will hold a special Sunday trading session for the Union Budget 2026 presentation.

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Union Budget 2026: FM Nirmala Sitharaman's Key Highlights for India Inc

Here are the major developments from Union Budget 2026 that matter the most for India Inc and the CFO community. Finance Minister Nirmala Sitharaman presents her nineth union budget.

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News

  • Income tax portal revamp: 7 key links every taxpayer must check now

    Income tax portal revamp introduces new forms, integrated payment module and essential quick links, helping taxpayers in the nation navigate tax frameworks, ensure compliance and simplify filing for assessment year 2026-27.

  • PAN card application rules changed from 1 April: List of documents you must submit now

    The government introduced new PAN application rules from 1 April, mandating additional documentation and updated forms. Here's everything you need to know.

  • Did you know EPF once offered 12%? A look back at historical returns as govt clarifies on interest rate hike demand

    Historical EPF interest rates in India highlight periods of high 12% returns and current 8-8.5% levels, helping subscribers evaluate fund performance and make informed retirement investment decisions.

  • Big change in gratuity rules: Eligibility cut to 1 year of service from 5 years — but there’s a catch

    The new labour codes allow gratuity eligibility after one year of service, down from five. Effective from 21 November 2025, this applies only to a certain category of employees. Details here.

  • Market shifts: Where smart money is flowing in volatile markets now.

    While experts give guidance on investments, we look at investment instruments attracting inflows.

  • Filing Income Tax gets easier as CBDT rolls out AI-assisted website: Kar Saathi — What you need to know

    The Income Tax Department has launched the user-friendly website 'Kar Saathi' to centralise Direct Tax information. It features an AI chatbot for 24/7 taxpayer support. 

  • UPI hits record high in March 2026: 5 tips to stay protected during digital transactions

    UPI transactions hit a record high in March 2026, underscoring the rapid growth of digital payments. This reinforces the importance of following security tips to protect money and ensure safe, seamless financial transactions nationwide.

  • Stock market turbulence: Why US-Iran war is a wake-up call for diversification, asset allocation

    Market turbulence of this nature is not just about losses; it’s a wake-up call. Investors who once ignored diversification are now actively searching for assets that can withstand such uncertainty. But the reality is more nuanced.

  • Why your credit card is not a tool for investing or debt repayment

    Credit cards promise ease and rewards, but RBI rules draw sharp lines on their use. From travel and gadgets to rent, insurance and investing, here’s what’s allowed—and what isn’t.

  • Rising inflation, rising credit demand: Can AI manage the risk?

    Rising inflation is increasing reliance on credit. AI is helping lenders spot risk early and manage it better.

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