Income Tax : The framework outlines mandatory disclosures and timelines for opting into safe harbour. Key takeaway: strict compliance is essent...
Income Tax : The new form consolidates multiple income disclosures into one, enabling accurate TDS deduction. Key takeaway: unified reporting r...
Income Tax : A detailed overview of updated TDS provisions mapping old and new sections, rates, and thresholds. Helps taxpayers understand comp...
Income Tax : The new tax law addresses long-standing concerns over complexity by reducing provisions and simplifying language. It introduces st...
Income Tax : The case highlights how the new framework enforces stricter compliance using data analytics. It underscores that incorrect declara...
Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...
Income Tax : This webinar breaks down the major structural and conceptual changes introduced in the new Income Tax Act, 2025. It helps professi...
Income Tax : The government replaced the six-decade-old law with the Income-tax Act, 2025. The reform aims to simplify compliance through clear...
Income Tax : A free live workshop will discuss the structure and practical implications of the proposed Income-tax Act, 2025 and amendments und...
Income Tax : The amendments focus on reassessment timelines, electronic communication, and procedural clarity. The changes aim to reduce litiga...
Income Tax : The Supreme Court set aside the NCLAT order for relying on a non-existent quasi-judicial income tax order. The key takeaway is tha...
Income Tax : Rule 81 prescribes dataset construction, weighted averages, and a 35th–65th percentile arm’s length range when multiple compar...
Income Tax : The latest amendment excludes income arising from transfer of pre-2017 investments from GAAR scrutiny. It reinforces the protectio...
Income Tax : The Finance Act, 2026 prescribes income-tax rates, surcharge, and cess for the assessment year 2026–27. It establishes the legal...
Income Tax : The circular introduces mandatory Form I and Form II for SWFs to claim tax exemptions. The ruling ensures structured application a...
Income Tax : The notification requires payers to generate UINs and file quarterly details of declarations even where no tax is deducted. It enh...
Income Tax : CBDT introduced Income-tax Rules, 2026 to operationalize the Income-tax Act, 2025. The rules standardize procedures on valuation, ...
Major amendments cover decriminalisation of offences, conversion of penalties into fees, and rationalisation of MAT and TCS rates. The reforms aim to reduce disputes while ensuring proportional enforcement.
Jewellery imports now follow weight-based limits instead of value caps, offering relief amid rising gold prices. Transfer of Residence limits are also increased with an updated list of modern household items.
The proposed amendment disallows any interest deduction against dividend and mutual fund income. As a result, dividends will now be taxed on a gross basis, increasing the tax burden on leveraged investors.
The Income-tax Act, 2025 introduces a targeted exemption for foreign companies using notified Indian data centres. The measure removes source and permanent establishment concerns while reinforcing India’s ambition to become a global data and AI hub.
he Bill limits block assessments for other persons to the actual year of undisclosed income. The key takeaway is reduced compliance burden where no search was conducted on the taxpayer.
The Finance Bill, 2026 converts key penalties for audit and reporting delays into mandatory fees. The shift aims to reduce disputes by replacing discretionary penalties with predictable, capped charges.
The law now proposes a single consolidated assessment-cum-penalty order for under-reporting of income, reducing multiple proceedings and long-drawn uncertainty for taxpayers.
MAT will become a final tax in the old regime at 14%, replacing the earlier credit-based mechanism. The change simplifies compliance while nudging companies toward the new tax regime.
The Finance Bill, 2026 proposes a clear income-tax exemption for compensation received on compulsory land acquisition. This aligns the tax law with the RFCTLARR Act and eliminates long-standing uncertainty.
The Finance Bill, 2026 proposes revised return-filing timelines to give taxpayers more preparation time. Non-audit business taxpayers gain an extended August deadline.
