Due Dates for Income Tax Return Filing: Audit vs Non-Audit Cases (FY26) Income Tax Return Filing Due Dates: Audit vs Non‑Audit Cases FY 2025–26 (AY 2026–27) List of due dates for Original, Revised/Belated, and Updated Income Tax Return (ITR‑U) returns for FY 2025‑26. Due Dates by Category of Taxpayer for FY 2025–26 (Assessment Year 2026–27) …
Key Tax Proposals for NRIs & Foreign Investors in Budget 2026 Foreign investors and NRIs closely examine India’s Union Budget each year for directional cues on taxation, compliance, and the overall investment climate. Budget 2026 continues the government’s push toward streamlining tax administration, easing cross‑border investment, and strengthening India’s competitiveness in manufacturing, technology, and financial …
India’s New Income-tax Act, 2025 – Effective 1 April 2026 The Income-tax Act, 2025 represents a structural rewrite of India’s direct tax law. One of the most significant changes is the complete restructuring of the TDS and TCS framework, indicating a strong policy shift toward consolidation, simplification, and transaction-level monitoring. Below are the key highlights: …
CBDT Releases Draft Income Tax Rules, 2026 & Draft Forms Draft Income-tax Rules, 2026—What You Need to Know: Key Changes, Mapping Tools & Practical Implications The Central Board of Direct Taxes has published the Draft Income Tax Rules, 2026, along with draft forms for public consultation. This is ahead of the Income-tax Act, 2025, becoming …
Advertising & Promotion by CA Firms For decades, the Institute of Chartered Accountants of India’s Code of Ethics has prohibited CA firms from advertising their services, soliciting clients, creating dedicated websites, and using promotional tools—even for non‑exclusive services. This restrictive framework was originally designed to maintain professional dignity and independence. However, the ICAI has now …
Applicable TDS Provisions on Shareholders on interim dividend/ dividend in India, In pursuant to amendments effective 1 April 2020, dividend income is taxable in the hands of shareholders. Accordingly, the Company is required to deduct tax at source on dividend payments as per the provisions of the Income-tax Act, 1961 (“the Act”). Under the Income …
Income tax proposals in the budget for 2026 at a glance: The Finance Minister, Smt. Nirmala Sitharaman has presented the Union Budget 2026, announcing a series of measures to strengthen tax administration, improve compliance flexibility, and support strategic sectors. New Income-tax Act, 2025: The new Income Tax Act will come into force from 1 April …
Overview of Practical Challenges in GST Filing Goods and Services Tax filing is not merely a procedural exercise of uploading returns on the portal. In real-world practice, it demands data accuracy, continuous reconciliation, vendor coordination, and strict compliance discipline. Businesses and professionals routinely face operational challenges that complicate timely and correct Goods and Services Tax …
Family Pension: Meaning, Eligibility, Rules, Taxation Financial security is essential at every stage of life. While individuals build a retirement fund through savings and pension plans, family pension becomes a crucial lifeline for dependents when the primary earner passes away. It offers regular income to help surviving family members manage expenses and maintain financial stability. …
ICAI ISSUES NEW CODE OF ETHICS FOR CA FIRM : SOP ON ADVERTISING, BRANDING & PROMOTION : EFFECTIVE 1 APRIL 2026: The Institute of Chartered Accountants of India has issued a press release dated 12 December 2025, and for chartered accountant firms—as per the ICAI Code of Ethics, effective 1 April 2026—the following conclusion is …