12 Major Changes from April 1, 2026: Banking, Tax, Gold Rules Impact You!
12 Major Changes from April 1, 2026: Banking, Tax, Gold Rules Impact You!
- •The new Income Tax Act of 2025 replaces the 1961 Act, effective April 1, 2026, simplifying compliance and reducing burdens.
- •Profits from share buybacks will be taxed as 'Capital Gains' (22-30% effective rate) instead of 'Deemed Dividends'.
- •Securities Transaction Tax (STT) on 'Futures' increases to 0.05%, and 'Options' STT rises to 0.15%.
- •Sovereign Gold Bond (SGB) capital gains tax exemption now applies only to original subscribers holding until maturity.
- •Tax exemption on interest expense against dividend income is canceled; Form 15G/15H can be submitted directly to depositories.
