"1. Central Council Member of ICAI. 2. Vice-Chairman of WIRC of ICAI for the period 2015-2021. 3. Youngest Chairman of Aurangabad Branch of WIRC of ICAI in 2002. 4. Author of Popular Tax articles series based on Krishna and Arjuna conversation i.e “KARNEETI” published in Lokmat on every Monday. Till date 500 weekly articles have been published in Marathi and English. The same series is hugely popular on CACLUBINIDA, TAX GURU, and YouTube. 5. Two books on Karneeti were published for Income Tax and GST for a common man in a simple way. 6. Best Paper writer in RRC of the year 2013 by STPAM. 7. Lecturer for GST Subject for Diploma in Taxation Course of M. P. Law College, Aurangabad. 8. Regular speaker at WIRC and Various Branches of ICAI on GST. 9. Chief Editor and Main compiler of “MVAT AUDIT MANUAL” published by Tax Practitioners Association, Aurangabad. 10. Contributor for the revised and updated edition of “A Guide to MVAT Audit” and “Background material on GST” published by WIRC of ICAI. 11. Author of Book published on “GST CHA SAMPURNA KAIDA MARATHIT ” i.e. Introduction of GST Law in a simple way in the Marathi Language by the hands of honorable CM of Maharashtra State Mr. Devendra Fadnavis."
The article explains the tax implications of domestic and international holidays under the Income Tax Act, 2025. It highlights rules relating to Leave Travel Allowance, TCS on overseas travel, and taxation of company-sponsored vacations.
The Income Tax Department’s new TDS payment system under the Income Tax Act 2025 allows multiple TDS payments through a single challan. The change reduces repetitive filings, OTP verifications, and compliance hassles for taxpayers.
The new tax law confirms that all pending appeals and proceedings will continue under the old Act, ensuring taxpayers do not restart litigation after 1 April 2026.
Section 194T mandates TDS on partner payments with a strict April 30 deadline for March deductions. Missing it can lead to interest and expense disallowance.
The new law reorganizes TDS provisions into simplified sections and forms. The key takeaway is that rates remain unchanged, but compliance requires system updates.
The new tax framework significantly reduces complexity by cutting sections, rules, and forms. It improves readability through structured drafting and modern presentation.
The new tax regime introduces a dual-track system from April 2026. Taxpayers must manage compliance under both old and new laws simultaneously.
Key compliance steps before year-end include ITR updates, tax payments, and GST reconciliations. Missing deadlines can lead to penalties and lost benefits.
This article explains major updates replacing the 1962 Rules from April 2026. The key takeaway is simplified compliance with enhanced exemptions and revised tax provisions.
The MCA has introduced CCFS-2026 allowing companies to clear pending filings by paying only 10% of additional fees. The scheme offers a limited window to regularize compliance without heavy penalties.
