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tax relief

  1. H

    SEZ Units Receive Duty Relief Amid Trade Disruptions

    New Delhi, April 1 – The Central Board of Indirect Taxes and Customs (CBIC) introduced a special, one-time relief measure on Wednesday for eligible units in Special Economic Zones (SEZs) to facilitate the sale of manufactured goods to the Domestic Tariff Area (DTA) at concessional rates.This...
    • Himanshu
    • Thread
    • assessment mechanism cbic customs duty domestic tariff area fob (free-on-board) goods clearance import duty reduction india manufacturing section 25 customs act sez units special economic zones tax relief trade disruption union budget 2026-27
    • Replies: 0
    • Forum: Business
  2. H

    India to Implement New Income Tax Act in Phased Approach

    New Delhi – India will implement the new Income Tax Act, 2025, starting April 1, 2026, but taxpayers will not need to file returns for the current financial year. Returns can be prepared and filed under the existing Income Tax Act, 1961, officials and tax experts confirmed. This approach ensures...
    • Himanshu
    • Thread
    • assessment year cbdt children's education allowance deductions financial year housing rent allowance income tax income tax act income tax rules india perquisites tax compliance tax forms tax relief tax year
    • Replies: 0
    • Forum: Business
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