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Income Tax 20 Feb 2026

CBDT Unveils Draft Income Tax Rules, 2026

The Central Board of Direct Taxes has released comprehensive draft rules reducing total regulations from over 1,000 to just 333, marking a significant simplification in tax compliance. The new framework aims to enhance clarity and reduce administrative burden on taxpayers and professionals.

Income Tax

Income Tax 20 Feb 2026

Draft Income Tax Rules 2026 (Rules Reduced to 333)

Major overhaul streamlines compliance with drastically reduced regulatory framework. New rules focus on simplification and ease of implementation.

Income Tax 18 Feb 2026

Direct Tax Collection Figures FY 2025-26

Government releases provisional data showing 12% growth in direct tax revenue. Personal income tax collections show strong momentum.

Income Tax 15 Feb 2026

High Court Sets Aside GST Adjudication Order

Landmark ruling provides relief to taxpayers on procedural grounds. Decision clarifies interpretation of natural justice principles.

Income Tax 12 Feb 2026

NPO Taxation Framework Under New Act

Updated guidelines issued for non-profit organizations under the revised tax regime. Enhanced compliance requirements detailed.

GST

GST 19 Feb 2026

Machine-Based Tobacco Duty Regime

New notification introduces revised duty structure for machine-manufactured tobacco products under GST framework.

GST 17 Feb 2026

January 2026 GST Revenue Figures

Monthly collections cross ₹1.7 lakh crore mark, indicating robust economic activity and improved compliance.

GST 14 Feb 2026

CBIC Clarifies Budget Proposals

Central Board of Indirect Taxes issues detailed clarifications on Union Budget 2026 GST-related announcements.

GST Ongoing Alert 11 Feb 2026

Composition Scheme & LUT Deadline

Reminder issued for businesses to file composition scheme option and Letter of Undertaking before March 31st.

GST 8 Feb 2026

Phase III HSN Reporting Norms

Mandatory 6-digit HSN code reporting comes into effect for businesses with turnover above ₹5 crore.

Accounting

Accounting 16 Feb 2026

Draft Tax Rules — Accounting Impact

Analysis of new income tax rules reveals significant implications for accounting practices and financial reporting.

Accounting 13 Feb 2026

Budget 2026 Accounting Compliance Overhaul

Union Budget introduces changes to accounting standards applicability and disclosure requirements for corporates.

Accounting 9 Feb 2026

Judicial Ruling on Agricultural vs Non-Agricultural Income

Supreme Court clarifies classification criteria affecting accounting treatment and tax implications for mixed income.