https://www.taxtmi.com/news?id=69391 Extension of the revised income tax return filing deadline from December 31 to March 31 on payment of a nominal fee; introduction of a rule-based automated compliance process for small taxpayers in FY27; reduction of TCS to 2% for education and medical remittances under the Liberalised Remittance Scheme and to 2% on sale of overseas tour packages (down from 5%); and exemption of Motor Accident Claims Tribunal awards from income tax. en-us Sun, 01 Feb 2026 12:31:04 +0530 Sun, 01 Feb 2026 12:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69391 Extension of the revised income tax return filing deadline from December 31 to March 31 on payment of a nominal fee; introduction of a rule-based automated compliance process for small taxpayers in FY27; reduction of TCS to 2% for education and medical remittances under the Liberalised Remittance Scheme and to 2% on sale of overseas tour packages (down from 5%); and exemption of Motor Accident Claims Tribunal awards from income tax. News - Sun, 01 Feb 2026 12:31:04 +0530 https://www.taxtmi.com/news?id=69391