Simplified Regime from April 1, 2026: New Income‑Tax Act, Key Changes Explained
From April 1, 2026, India will roll out a simplified income tax regime with the New Income Tax Act and Budget 2026 measures. Here is how it will impact …
Category: Income Tax
Finance Bill 2026: Tax Amendments That Override Court Views and Reset the Rules
Finance Bill 2026 reshapes Indian tax administration with retrospective clarifications and override clauses. Here are seven key amendments that reduce disputes and change strategy.
Taxation of Spot Crypto Trades in India u/s 115BBH of Income Tax Act
A computation‑first overview of how section 115BBH applies to spot crypto trades in India, covering transfer identification, valuation, cost of acquisition, and record support.
Budget 2026 Tax Implications: Secondary Market Investors (Sovereign Gold Bonds)
Budget 2026 narrows capital gains exemption on Sovereign Gold Bonds. Analysis of the amended law, secondary market impact, and grandfathering issues.
Tax Audit Report Delay to Cost Up to Rs 1.5 Lakh under Finance Bill 2026
Finance Bill 2026 proposes fixed fees for delayed tax audit reports, returns, and statements. Tax audit delay may attract a fee of up to Rs 1.5 lakh.
Finance Bill 2026 Makes CBDT Circulars Binding on TDS and TCS Deductors
Finance Bill 2026 proposes statutory backing for CBDT circulars, making them binding on taxpayers responsible for TDS and TCS. Read implications for compliance and penalties.
Section 115BAA Concessional Tax Rate Allowed by ITAT Mumbai Despite Late ITR
ITAT Mumbai held that a domestic company cannot be denied Section 115BAA concessional tax rate merely for filing a belated return if Form 10IC was filed on time.
Finance Bill 2026: Employee Contribution Deduction Allowed up to ITR Due Date
Clause 31 of Finance Bill 2026 amends section 29 to allow deduction of employee welfare contributions if paid by the return filing due date, easing compliance and reducing litigation.
Finance Bill 2026: Electronic Nil or Lower TDS Certificates under Section 395
Clause 74 of Finance Bill 2026 enables electronic filing and issuance of nil or lower TDS certificates under section 395, reducing compliance burden and delays.
Finance Bill 2026: No TAN Required for Property Buyers & Certain TDS Cases
Clause 75 of Finance Bill 2026 relaxes TAN requirements under section 397. Key relief for resident individuals & HUFs buying property and other specified TDS transactions.