Practical guides, regulatory updates, and expert commentary on tax, GST, compliance, and business in India to help you stay informed and ahead.
How resident Indians report foreign income, disclose foreign assets in Schedule FA, claim foreign tax credit via Form 67, and use DTAA relief under Section 159 (old 90/91).
Read ArticleSection 58 (formerly 44ADA) presumptive taxation for Indian freelancers and consultants. Real tax math at every revenue bracket, the 5-year lock-in trap, and when to exit the regime.
Read ArticleFIRC vs FIRA, when SOFTEX is mandatory, how EDPMS gets closed, eBRC on DGFT, and the purpose codes that decide whether your GST refund gets paid or rejected.
Read ArticleComplete guide for freelancers and service exporters: what qualifies as export under GST, how zero-rating actually works, when to file LUT, and how to claim IGST refund without rejection.
Read ArticleEmployee and employer NPS contributions, additional Rs 50,000 deduction, and new regime availability. Complete mapping from 80CCD to Section 124.
Read ArticleTurnover limits (Rs 1 crore/50 lakh/10 crore), Form 3CA/3CD, due dates, and penalties. Who needs a tax audit and when.
Read Article1% TDS on property above Rs 50 lakh. Buyer responsibility, Form 26QB, timelines, and NRI property rules.
Read ArticleWDV method, block of assets, rates (15% building, 40% plant, 60% computer), and additional depreciation for manufacturing.
Read Article20% TCS above Rs 7 lakh on foreign transfers. Education exceptions, LRS limits, and how to claim TCS credit.
Read ArticleUnder-reporting (50%), misreporting (200%), late filing fees, TDS penalties. How to respond to a penalty notice.
Read ArticleHigher exemption, Rs 50,000 interest deduction, no advance tax, higher TDS threshold. All senior citizen benefits mapped.
Read ArticlePF, ESI, bonus, taxes - deductions only on actual payment. MSME 45-day rule. Year-end provisioning implications.
Read ArticleDonations to charitable institutions remain deductible. 50% and 100% categories unchanged. Section 80G is now Section 133 under the new act.
Read ArticleSmall businesses (Rs 2 crore) and professionals (Rs 50 lakh) can use presumptive taxation under new Section 58. Deemed profit rates unchanged.
Read ArticleAll Section 10 exemptions (gratuity, leave encashment, LTA, agricultural income, PPF maturity) consolidated under new Section 11.
Read ArticleLoss set off rules, 8-year carry forward, and capital loss restrictions all continue. Complete mapping from old to new section numbers.
Read ArticleNo limit on deduction, available for 8 years from first repayment. Section 80E is now Section 129. Interest only, not principal.
Read ArticleIf your employer does not pay HRA, you can still claim rent deduction under new Section 134 (old 80GG). Rs 5,000/month limit.
Read ArticleQuarterly due dates, payment percentages, senior citizen exemption, and interest for non-payment. All mapped to new section numbers.
Read ArticleScrutiny assessment (now Section 270), reassessment (now Section 279), and notice procedures. How to respond and what triggers a notice.
Read ArticleSTCG, LTCG, and exemptions (54, 54EC, 54F) all continue with new section numbers. Complete mapping for property, shares, and mutual fund investors.
Read ArticleSection 6 stays, Section 9 stays, Section 195 moves to Section 400, DTAA relief is now Section 159. Complete NRI tax guide.
Read ArticleDPIIT startup tax holiday, angel tax exemption, ESOP deferral, and loss carry-forward all continue under new section numbers.
Read ArticleDue dates, penalties (234A-C are now 423-425), advance tax, and ITR form selection. Step-by-step guide for FY 2026-27.
Read ArticleHealth insurance premium deductions continue with the same limits. Rs 25,000 for self, Rs 50,000 for senior citizen parents.
Read ArticleYour PPF, ELSS, LIC, and other tax-saving deductions continue with the same Rs 1.5 lakh limit. Old Section 80C is now Section 123. Here is what changed and what stays the same.
Read ArticleHRA exemption continues under Section 11 of the new act. The calculation method, limits, and documentation requirements remain unchanged. Complete guide with examples.
Read ArticleHome loan interest deduction (now Section 22) and principal repayment (now Section 123) continue with the same limits. Complete mapping for home buyers.
Read ArticleComplete slab comparison for FY 2025-26 under both regimes. With worked examples and breakeven analysis to help you pick the right regime.
Read ArticleEvery TDS section number has changed. Section 192 is now 392, 194A-194J are now part of Section 393, and 195 is in Section 400. Full compliance checklist for April 2026.
Read ArticleThe Union Budget 2025-26 introduced several amendments to the GST framework. We break down the key changes, from ITC restrictions to new invoice requirements, and what they mean for your business.
Read ArticleWith the new tax regime now being the default, many taxpayers are unsure which option saves them more tax. We walk through the comparison with practical examples for salaried individuals, HUFs, and business owners.
Read ArticleDPIIT recognition unlocks tax exemptions, angel tax relief, and access to government schemes. Here is a step-by-step guide to eligibility, application, and the key benefits, updated for 2026.
Read ArticleMissing ITR filing deadlines can lead to penalties, interest, and loss of certain deductions. Here is a complete calendar of income tax filing deadlines for individuals, companies, and audit cases.
Read ArticleGST registration is mandatory for businesses crossing the threshold limit. We explain who needs to register, documents required, the online process, and common mistakes to avoid.
Read ArticleThe choice of business structure has long-term implications for tax, liability, fundraising, and compliance. We compare LLPs and Pvt. Ltd. companies to help you make the right decision.
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