The “Double-Lock” Trap in New Form 121: Why Nil Tax Liability No Longer Guarantees Nil TDS As we transition into the era of the Income-tax Act, 2025, understanding the new provisions is evolving from traditional narrative interpretation to a more structured, table-driven compliance framework. One of the most significant changes for taxpayers and deductors alike […]
Navigating Suo Moto Cancellation of GST Registration: A Comprehensive Guide In the Indian indirect tax landscape, GST registration is the lifeline of a business. While taxpayers can voluntarily surrender their registration, the GST law also empowers Tax Officials to cancel a registration on their own motion—a process known as Suo Moto Cancellation. Under Section 29(2)
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One-Time Relief for SEZ Units: Concessional DTA Sales under Union Budget 2026-27 In a strategic move to mitigate the impact of global trade disruptions, the Ministry of Finance, through the Central Board of Indirect Taxes and Customs (CBIC), has introduced a one-time relief measure for Special Economic Zone (SEZ) units. Implemented via Notification No. 11/2026-Customs
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Important Update: New Procedure for Form 121 (Erstwhile Form 15G/15H) & UIN Allotment With the implementation of the Income-tax Act, 2025, the landscape of TDS compliance in India is undergoing a significant transformation. One of the most notable changes is the replacement of the familiar Form 15G and Form 15H with a unified Form No.
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New Income-tax Rules 2026 notified The CBDT has vide Notification No GSR 198(E) dtd 20th March 2026 has notified the New Income-tax Rules 2026. The same is effective from 01st Apr 2026. The notified form can be downloaded in the below link Income-tax Rules 2025 Click Here to send an enquiry to us! Book Your
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Beware of Fake emails in the name of Income-tax Department Got an email like this??? Beware this is fake….. How to find out if its fake? Check the from email address. Mails from Income-tax department will have incometax.gov.in in their email address. These fake mails does not seem to be from income-tax Department The fake
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Legally Save Lakhs: Selling Ancestral Property: Capital Gains & Tax Exemptions (2026 Guide) Does selling an ancestral property attract tax in India? Yes, the sale of inherited or ancestral property attracts Long-Term Capital Gains (LTCG) tax if held for more than 24 months. Taxpayers can choose between a 12.5% rate without indexation or a 20%
Buying Property Abroad: The 2026 Compliance Blueprint for Indian Residents Investing in global real estate—whether a villa in Dubai, a flat in London, or a vacation home in Southeast Asia—is a significant financial milestone. However, since the transaction involves sending money outside India, it is governed strictly by the RBI and the Income Tax Department.
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MCA Launches Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) The Ministry of Corporate Affairs has introduced the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) to promote ease of doing business and allow companies to clear their backlogs with significantly reduced financial burdens. Since July 2018, companies have been facing a steep additional fee of ₹100 per day
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Is Your Tax Strategy Built on a Social Media Link? Here’s Why It’s Risky In recent period, social media platforms are flooded with links and snippets of “landmark” judgments from various Tax Tribunals (ITAT/CESTAT), High Courts, and the Supreme Court. While staying informed is excellent, there is a dangerous trend emerging: the belief that a
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Section 44AD: The Definitive Guide to Presumptive Taxation for Small Businesses (FY 2025-26) The Indian Income-tax Act, 1961, is often perceived as a maze of complex compliance and exhaustive bookkeeping. However, for small business owners, Section 44AD stands as a beacon of simplicity. By opting for the Presumptive Taxation Scheme, eligible taxpayers can shift their
Blocked Credit u/s. 17(5) of the CGST Act, 2017 – ITC That Cannot Be Claimed The fundamental principle of the Goods and Services Tax (GST) is the seamless flow of Input Tax Credit (ITC). However, this flow is not absolute. Section 17(5) of the CGST Act, 2017 specifies certain supplies where ITC is “blocked,” meaning
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Income-tax on Compulsory Acquisition of Land – A Complete Guide Compulsory acquisition of land is a subject that brings together law, tax, public policy and personal finance. For most landowners, the acquisition of their property by the Government is not a routine event. It is often sudden, involves large sums of money, and raises immediate
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1. What is a Section 133(6) Notice? A Notice under Section 133(6) of the Income-tax Act, 1961 is an important tool used by the Income-tax Department (ITD) to gather information that is relevant or necessary for any inquiry or proceeding under the Act. It is fundamentally an information-seeking notice, not an assessment or scrutiny notice
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About this Tool This tool helps manufacturers, traders, and retailers quickly calculate the revised Maximum Retail Price (MRP) of goods whenever there is a change in the GST rate. By entering the old MRP and tax percentage, you can instantly find the new base price, updated GST amount, and the new MRP to ensure compliance
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