1. Mandatory Fresh LUT for Exporters Exporters supplying without payment of IGST must file a new LUT (Letter of Undertaking) for FY 2026–27 before issuing export invoices. Old LUTs expired on 31 March 2026. 2. Refund Claims Below ₹1,000 Allowed The earlier restriction where GST refunds below ₹1,000 were not processed has been removed. Small […]
Budget 2026 Income Tax Expectations Live: Taxpayers seek relief under old tax regime, joint taxation for married couples, LTCG cut and more
Income Tax Budget 2026 Expectations Live Updates: As Union Budget 2026 approaches, taxpayers are keenly watching whether the government will extend fresh income tax relief after making Rs 12 lakh income tax-free last year. Key focus areas include possible changes in income tax slabs, a higher exemption limit under the new tax regime, and whether […]