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The Income Tax Department has issued a clarification on how the “buyback tax” has changed with the Union Budget 2026 for the benefit of small shareholders. Image for representational purposes only. (Pixabay) “Overall, buyback taxation has been simplified with a benefit to small shareholders,” Taxman The tax liability for promoters will remain largely the same….
On February 1, Finance Minister Nirmala Sitharaman will present the Union Budget 2026 – her ninth consecutive budget presentation – amid expectations of major changes in customs duties on the lines of GST rationalization. Finance Minister Nirmala Sitharaman with her colleagues in the Finance Ministry before presenting the Union Budget 2025 on February 1, 2026….
New Delhi:The current financial year has seen an annual growth of 4.14% in gross direct tax collections till January 11 ₹Rs 21.5 lakh crore, driven by higher corporate tax revenues, according to government data released on Monday. Net income includes net corporate tax revenue of over ₹8.63 lakh crore and tax received from non-corporates of…
