Tax update subscription offers daily email alerts and case-law tracking to support continuous tax practice monitoring.
Subscription-based tax information service provides regular, timely dissemination of developments in Income Tax, Service Tax, Central Excise and Customs law through daily updates and email alerts, including case law summaries and policy updates, and is presented as a practical research and monitoring tool for practitioners.

Investment linked deduction extended to hospital and slum redevelopment projects; company to LLP share transfers exempted as tax neutral.
The business of establishing a new hospital with at least one hundred beds is designated a specified business for investment linked deduction; development and construction of housing projects under Central or State slum redevelopment or rehabilitation schemes are also included as specified business for such deduction. Separately, transfers of shares by shareholders consequent to tax neutral conversion of a company into a limited liability partnership are proposed to be exempt from taxation.

Debt relief for coffee growers announced: waivers and bank-rescheduling to address earlier and recent term loans.
A targeted Coffee Debt Relief Package provides layered waivers and bank rescheduling for growers (greater relief for older loans, shared waivers for crop loans and smaller waivers for recent term loans), with caps per beneficiary and a quantified fiscal cost to the Government. Concurrently, direct tax measures expand investment linked deductions to new hospitals and sanctioned slum redevelopment housing projects and grant tax neutrality for company to LLP conversions; service and indirect tax adjustments recalibrate exemptions, abatement rates and customs/excise duties across multiple sectors.

Interception of communications: CBDT says income-tax surveillance limited to law-authorised cases with procedural safeguards for suspected tax fraud
The Central Board of Direct Taxes clarifies that the Income Tax Department does not record telephone conversations except under statutory interception powers, invoked only in rare, exceptional cases of suspected tax fraud or evasion involving state security, and that the legally prescribed procedure for authorisation and interception is strictly followed.

SARAL-II ITR-1 introduced: simplified individual tax return for salaried, pensioners, single house property, and other income.
The Income Tax Department has notified SARAL-II (ITR-1) as the prescribed return form for individuals with income from salary or pension, income from one house property (excluding brought-forward losses), and income from other sources, while excluding winnings from lottery and income from race horses.

Financial and Economic Partnership: bilateral coordination to strengthen macroeconomic policy, financial reform and infrastructure financing.
The launch of the Financial And Economic Partnership creates a bilateral framework for India's Ministry of Finance and the U.S. Department of the Treasury to coordinate on macroeconomic policy, financial regulation, and infrastructure financing. It establishes annual cabinet level meetings and working groups to promote financial sector reforms, deepen capital markets, and explore Public Private Partnership mechanisms to mobilise private finance for infrastructure investment.