A'countable Partners

The Central Board of Direct Taxes (CBDT) has extended the income-tax exemption window for sovereign wealth funds (SWFs) and pension funds investing in India. The deadline for making qualifying investments under Section 10(23FE) of the Income-Tax Act has been pushed from March 31, 2025 to March 31, 2030. 🔍 Key Implications: • These funds can continue to earn tax-free income (dividends, interest, long-term capital gains) on their infrastructure investments in India. • Amendment includes a clarification: long-term capital gains on unlisted debt securities will remain exempt, even if deemed “short-term” under Section 50AA. • The change takes retrospective effect from 1st April 2025, giving certainty for future investment decisions. 💡 Why This Matters: • It reinforces India’s commitment to attracting patient, long-term capital, especially into infrastructure - a key driver of economic growth. • Global institutional investors now have a longer runway to deploy capital under favorable tax treatment, which could boost large-scale infrastructure financing. • Policy clarity reduces investment risk: by locking in favorable tax provisions, India improves its appeal to SWFs and pension funds looking for stable, long-term returns. #CorporateTax #IndiaBudget2025 #TaxUpdates #FinanceNews #BusinessIndia #EconomicPolicy #TaxReform #CorporateFinance #IndianEconomy #BusinessUpdates #PolicyChanges #StartupIndia #MakeInIndia #InvestInIndia #FinanceCommunity #TaxProfessionals #acountablepartners #CFOCommunity #FinanceInsights #TaxPlanning

In a major policy shift, the UK government led by Prime Minister Keir Starmer and Chancellor Rachel Reeves has decided not to go ahead with the expected increase in income-tax rates ahead of the upcoming 2026 Budget. This move comes at a time when the UK is facing a fiscal gap of nearly £30 billion, and many analysts believed an income-tax hike would be the most straightforward way to raise revenue. However, the government has chosen to stick to its pre-election pledge of not raising taxes on “working people” - even if it means exploring alternative and more complex ways to manage the fiscal deficit. What this means: • No increase in headline income-tax rates for now. • Pressure shifts to other tax levers - such as freezing thresholds, adjusting allowances, or exploring wealth/capital-based taxes. • Markets have reacted cautiously, with concerns about how the fiscal gap will be addressed without a direct tax increase. • The upcoming Budget will need to balance political commitments with economic realities. Why it matters: Income-tax policy affects the majority of UK households and plays a central role in public finances. Dropping the planned hike may offer short-term relief to taxpayers, but it raises important questions around revenue generation, fiscal stability, and the government’s long-term economic strategy. With the Budget around the corner, all eyes are now on the alternative measures the government will introduce to bridge the fiscal gap - and their impact on individuals, businesses, and investor confidence. #TaxUpdate #FinanceNews #UKBudget2026 #IncomeTax #TaxReform #EconomicPolicy #PublicFinance #GlobalEconomy #TaxPlanning #BusinessInsights #FinancialAnalysis #MarketUpdates #acountablepartner

🏛️ Finance Ministry invites industry suggestions for Union Budget 2026-27 The Ministry of Finance has officially invited feedback and suggestions from industry bodies, trade associations, and professionals to help shape the upcoming Union Budget 2026-27 - particularly in the areas of Direct and Indirect Taxes. This collaborative approach aims to make the upcoming Budget more inclusive, growth-driven, and reflective of real business needs. Suggestions are being sought on: • Rationalising tax structures to promote ease of doing business • Enhancing digital tax administration • Improving GST compliance frameworks • Providing targeted incentives for startups, MSMEs, and exporters This initiative is a great opportunity for businesses and professionals to voice their recommendations and influence India’s financial roadmap for the next fiscal year. 💬 Your voice matters - what’s one tax or policy reform you’d like to see in Budget 2026-27? #acountablepartner #UnionBudget2026 #FinanceMinistry #TaxReform #BudgetIndia #DirectTax #IndirectTax #PolicyUpdate #FinanceNews #BusinessIndia #TaxProfessionals #IndianEconomy

India’s direct tax collections have grown steadily this year, even as refunds have fallen sharply - a trend with significant implications for taxpayers and businesses. According to the latest data from the Central Board of Direct Taxes (CBDT), net direct tax collections rose 7% to ₹12.9 lakh crore as of November 10, 2025. Meanwhile, refunds dropped nearly 18% to ₹2.42 lakh crore, while gross collections increased by only about 2%. Interestingly, this rise in collections comes despite the government having reduced income tax rates in recent years. This shows the combined impact of better compliance, broader taxpayer participation, improved profitability, and stricter refund scrutiny. The increased use of digital tracking, data analytics, and fraud-check systems has made the process more transparent - but also more cautious - resulting in delayed refund releases. For businesses, this makes cash-flow planning and timely tax management critical. Delayed refunds can tighten liquidity, particularly for MSMEs and startups. Companies should ensure accurate advance tax payments, TDS reconciliations, and proper documentation to stay compliant and audit-ready. Individual taxpayers, too, should review their filings and refund status closely to avoid mismatches or delays. Overall, the rise in direct tax collections, even with lower tax rates, highlights India’s shift toward a more compliant and digitally-driven tax ecosystem. However, the decline in refunds underscores the need for proactive financial planning and robust tax governance across all levels. #DirectTax #IncomeTax #TaxUpdate #CBDT #TaxReform #FinanceIndia #Taxation #BusinessPlanning #CorporateTax #TaxCompliance #IndiaEconomy #FinancialPlanning #MSMEs #StartupFinance #TaxRefund #TaxTrends #IndianFinance #TaxStrategy #FiscalPolicy #EconomicGrowth #acountablepartner

If you’ve missed the Tax Audit 2025 due date, now is the time to act. Finish your audit, file your return, organise your documents, and take steps to avoid penalties or future issues. #TaxAudit2025 #IncomeTaxIndia #TaxCompliance #BusinessCompliance #CharteredAccountant #FinanceIndia #TaxFiling #ITR2025 #AuditDeadline #TaxUpdates #acountablepartners

Wondering who needs a tax audit? 🧾 Here’s a quick guide to know if your business or profession falls under the audit requirement! 💼📊 #acountablepartners #tax #audit #fridayfaq #business #explorepage #explore #posts #taxtips

One trade changed history forever — George Soros vs. the Bank of England! Would you call it genius or gamble? 🤔 Drop your thoughts 👇 #acountablepartners #england #finance #financetips #pounds #bank #explore #explorepage

From complexity to clarity - the new Income Tax Act 2025 changes everything. #acountablepartners #income #incometax #complexity #compliance #taxpayer #digitalasset #crypto #tax #explorepage #explore #earnings #posts

New Income Tax Act 2025 - Simpler, digital, and stricter! One tax year, crypto under tax net, and no room for hidden income. #acountablepartners #income #mondayminute #tax #crypto #incometax #act #taxtips #explorepage #explore #trending #posts #instagram #monday

Are your credit card reward points taxable? Let’s clear the confusion! #acountablepartners #taxable #credit #tax #income #taxtips #explore #explorepage