Income Tax : The article explains the complete evolution of buyback taxation in India, highlighting how tax liability shifted between companies...
Income Tax : Clause 43 in Tax Audit Form No. 26 requires auditors to verify remittances reported in Part-D of Form 145. Incorrect classificatio...
Income Tax : Form 157 under the Income-tax Act, 2025 is not required for every person leaving India. The requirement applies only in limited ca...
Income Tax : The article explains the tax implications of domestic and international holidays under the Income Tax Act, 2025. It highlights rul...
Income Tax : Sections 339 and 340 explain corpus and deemed corpus donations, investment conditions, and rules for religious place renovation f...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : The updated TDS challan system reportedly displays incorrect interest-related options under the Company Deductee category. Taxpaye...
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 : 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, ...
The new Income Tax Act, 2025 renames charitable and religious entities as Registered Non-Profit Organisations and consolidates all rules into a single overriding chapter for clarity and compliance.
The message outlines readiness for the Income-tax Act, 2025 through training and system upgrades. The key takeaway is a focused transition built on clarity, capacity building, and taxpayer guidance.
India replaces the FY–AY structure with a unified Tax Year under the new law. The key takeaway is simpler compliance, clearer timelines, and fewer filing errors without changing core tax rates.
The case examines how tax authorities can access electronic and online data once a “reason to believe” threshold is met, highlighting risks to digital privacy and compliance.
Explains the shift from Assessment Year to Tax Year, simplifying compliance and reporting. Takeaway: Taxpayers can now file for the same year income is earned.
This explains how the proposed law simplifies tax concepts, retains core income heads, and aims to reduce disputes through clarity and certainty.
This analysis explains how the proposed law moves from complexity to clarity, holding that simplification and plain drafting are key to reducing disputes and improving compliance.*
ICAI confirms that the new Income-tax Act, 2025 will be examined in Intermediate and Final CA exams starting May 2027, guiding student preparation.
Covers the Act’s simplification, digital integration, and restructured chapters, highlighting how compliance becomes clearer and more taxpayer-friendly.
The 2025 Act introduces compulsory tax audit for businesses declaring profits below 6% or 8% of turnover. The shift eliminates the earlier opt-out condition, expanding audit applicability from 2026-27.
