The depreciation provisions applicable from Tax Year 2026-27 have undergone a significant structural change. With the enactment of the new Income-tax Act, 2025, all depreciation provisions previously governed under Section 32 of the Income-tax Act, 1961 have been consolidated and re-enacted under Section 34 of the new Act. The rates, however, remain largely unchanged, ensuring […]
The new law restructures TDS provisions with new section numbers and codes. Businesses must update systems despite no change in rates or thresholds.
The new Form 26 replaces multiple audit forms with a single structured framework. It enhances transparency and introduces system-driven verification. The key takeaway is simplified yet stricter tax audit compliance.
Tax-loss harvesting helps investors offset losses against gains to reduce tax liability. The key takeaway is that strategic timing of loss utilisation can significantly enhance long-term tax savings.
Starting April 1, 2026, India will implement a significant tax reform by replacing the Income-tax Act of 1961 with the new Income-tax Act, 2025. This marks a major overhaul of the country’s income tax framework. In addition, the Union Budget 2026, presented by FM Nirmala Sitharaman on February 1, 2025, introduced several tax-related measures impacting […]
