We are pleased to share with you our latest Newsflash on “Key Amendments in the Finance Act, 2026 vis-à-vis the Finance Bill, 2026.”
The Finance Act, 2026, which received Presidential assent on 30 March 2026, incorporates several significant amendments to the Income-tax law, including changes to the Income Tax Act, 1961 as well as the Income Tax Act, 2025. These amendments changes and clarifications introduced after the presentation of the Finance Bill on 1 February 2026.
In this Newsflash, we have provided a brief overview of key amendments, including the following:
•    Clarifications in Buy-back Taxation framework and introduction of a 12% surcharge for promoters;
•    Reintroduction of capital gains exemption for Andhra Pradesh land pooling scheme;
•    Rationalisation of Reassessment timelines and procedural safeguards;
•    Clarifications on the administrative nature of approvals in assessment proceedings;
•    Streamlining of interest computation and cross-adjustment of refunds across the two Acts;
•    Enhancements to startup tax incentives, IFSC benefits, and other sector-specific provisions;
•    Various procedural and administrative reforms aimed at improving efficiency and reducing litigation.
These amendments are expected to have an impact on taxpayers, businesses, and compliance processes, particularly in the transition phase to the Income Tax Act, 2025.
We trust you will find this update insightful.

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