Technodealz - Technology Updates & News

  Budget 2026: Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27 on Sunday. No major announcements were made regarding tax slabs or tax exemptions. However, the Finance Minister did announce several minor changes. Let’s find out how these will impact your pocket… New Delhi. India’s tax law, which has been in place for over 60 years, is coming to an end. The Finance Minister announced in the budget that the new Income Tax Act, 2025, will come into effect on April 1, 2026, replacing the existing 1961 Act. The government’s aim is to simplify this law so that even ordinary citizens can understand their taxes and file returns without the help of an expert. But the question on everyone’s mind is whether these changes will fill the pockets of ordinary taxpayers or leave them empty? Let’s explore 10 major income tax announcements. 10 Major Income Tax Changes in Budget 2026 1. TCS reduced for education and medical treatment abroad The TCS on remittances for education an...

  FM Nirmala Sitharaman budget speech: Finance Minister Nirmala Sitharaman announced a new Income Tax Act in Budget 2026-27, which will come into effect on April 1, 2026. It will replace the old 1961 Act. The deadline for revising ITR has been extended to March 31, while the Tax Return (TCS) on overseas tour packages has been reduced to 2%. Income misreporting will now attract a 100% penalty. These changes aim to simplify and make the tax system transparent. Finance Minister Nirmala Sitharaman made several major income tax-related announcements in Budget 2026-27, which will bring relief and ease to the common man and taxpayers. The most significant change is that the new Income Tax Act will come into effect on April 1, 2026. It will replace the Income Tax Act 1961, which was outdated and complex. New rules and forms will be notified soon, giving taxpayers time to prepare. Key changes related to the new Income Tax Act The deadline for revising ITR has been extended to March 31, howe...

  The weather seems to be changing once again. The International Meteorological Department (IMD) has issued a rain warning for 10 states. Light to moderate rain is expected today in Uttar Pradesh, Punjab, Haryana, eastern Rajasthan, and Madhya Pradesh. IMD Rainfall Update:  The weather seems to be changing once again. The India Meteorological Department (IMD) has issued a rain warning for 10 states. These include Uttar Pradesh, Madhya Pradesh, Himachal Pradesh, Uttarakhand, Jammu and Kashmir, Ladakh, Punjab, Haryana, eastern Rajasthan, and Maharashtra. According to the Meteorological Department, during February 2-3, Jammu and Kashmir, Ladakh, Himachal Pradesh, and Uttarakhand will experience rain accompanied by strong winds of up to 50 kilometers per hour. Today (February 2), light to moderate rain is expected in Uttar Pradesh, Punjab, Haryana, eastern Rajasthan, and Madhya Pradesh. Delhi Weather The weather in Delhi will be clear today (Monday, February 2). However, winds wil...