Income Tax17 Apr 2026
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Government Introduces Digital Tax System
A new online platform aimed at streamlining tax filing for citizens — pre-filled ITRs, AI-powered notice replies, and one-click refunds go live this quarter.
Press Information Bureau
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From FY 2025-26, all private companies with turnover above ₹50 cr or paid-up capital above ₹5 cr must file AOC-4 in XBRL format.
A new online platform aimed at streamlining tax filing for citizens — pre-filled ITRs, AI-powered notice replies, and one-click refunds go live this quarter.
MCA's V3 portal extends to LLP, Section-8 and producer companies — single-window incorporation now under 4 working days.
GST slabs reduced from 5%/12%/18%/28% to 5%/12%/18%. Composition scheme threshold raised to ₹2 crore for goods.
Budget 2026 raises the new-regime exemption limit to ₹4 lakh and introduces a ₹50,000 standard deduction for freelancers.