Ten Major Income Tax Changes Starting April 1

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14 Mar 2026

From April 1, India introduces several income tax changes affecting individuals, investors, and businesses nationwide


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New rules tax share buyback proceeds as capital gains instead of dividends, taxing only profits


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Securities Transaction Tax on futures and options will increase, raising costs for derivatives market investors


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Capital gains exemption on Sovereign Gold Bonds now applies only to original investors holding bonds


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Taxpayers can no longer claim interest deductions incurred while earning dividend or mutual fund income


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Investors may submit Form 15G or 15H directly to depositories to prevent excess TDS deductions


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Resident buyers purchasing property from non-residents can deduct TDS using PAN-based challan without TAN requirement


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Government introduces uniform two percent TCS on foreign tour packages, reducing earlier higher rates globally


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MAT rate reduces to fourteen percent while restricting use of existing credits for companies annually


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New rules grant tax exemptions for certain compensation, tribunal awards, and specific defence pensions recipients


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