The Bridge Chronicle on Instagram: "Here are the revised income tax rates for the upcoming financial year April 1, 2026 – March 31, 2027. Finance Minister Nirmala Sitharaman announced that the new Income Tax Act will take effect from April 1, with rules and ITR forms to be notified soon. Buybacks will now be taxed as capital gains for all shareholders. There is no change in tax slabs. The old regime retains slabs at ₹5 lakh, ₹10 lakh and above, while the new regime keeps income up to ₹4 lakh tax
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sarcasmmm on Instagram: "Effective from February 1, 2026, India has implemented a revised taxation regime for tobacco products, shifting them into a new 40% GST slab. This change, following the 56th GST Council Meeting and Notification No. 19/2025, represents a significant overhaul of "sin good" taxation. 40% GST Rate: Applies to most tobacco products, including cigarettes, pan masala, gutkha, and chewing tobacco. This replaces the previous 28% GST rate. Bidis at 18%: Unlike other tobacco items,
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CA Nishant Kumar on Instagram: "We discuss 5 major updates from Budget 2026 that CA students should be aware of: the applicability of the Income Tax Act 2025 from April 1st, 2026, changes in share buyback taxation from IFOS to Capital Gains with additional promoter taxes, the revised return filing date moving to March 31st with a nominal fee, the non-audit business return filing deadline shifting to August 31st, and TCS reductions on education, health services, and overseas tour packages to 2%.
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