Salaried Employees: Big Income Tax Changes Coming from April 2026! India’s upcoming I. Tax Act, 2025, is set to bring a major overhaul in tax forms and compliance processes (with effect from 1 April 2026) While the underlying tax rules may remain largely similar, the framework is being restructured to create a simpler, more technology‑driven, …
When Banks Lose Your Property Documents in a loan case Background of the Case : Loan & Security Arrangement Manoj Madhusudhanan took a home loan of INR 1.86 crore from ICICI Bank. As is standard practice, he deposited original title/property documents with the bank. This creates an equitable mortgage (by deposit of title deeds under the …
Exemption limit under Long-Term Capital Gains computation in 115BAC Vs Classic 112 Income tax Basic Exemption Limit Under Income Tax Law Becomes INR 2,50,000/- When Indexed Long-Term Capital Gains Is Chosen (Even in New Regime u/s 115BAC) : The “higher basic exemption limit of INR 3,00,000/- or INR 4,00,000/-” under the new regime does not …
No Interest Deduction Allowed Against Dividend Income (Budget 2026 Update) Investors in stocks and mutual funds, particularly those who use leveraged tactics like margin funding or overdrafts, will be significantly impacted by the Union Budget 2026. Although this modification makes reporting easier, it greatly raises the tax burden on leveraged assets. Before FY 2026–2027, investors …
What is a Digital Signature Certificate (DSC)? A Digital Signature Certificate (DSC) is an electronic form of identity proof, similar to physical documents like PAN or passport, but used digitally to authenticate a person or organization. It enables secure access to online services and allows users to digitally sign documents, saving time and simplifying e‑governance …
New ITC Set-Off Rules (Effective Jan 2026): Big Relief for GST Taxpayers The GST compliance landscape is becoming more taxpayer friendly. The rigid Input Tax Credit utilization sequence has now been relaxed, giving businesses greater flexibility in managing their GST liabilities and improving working capital efficiency. You are absolutely right. this is a portal-level filing …
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 …
Various exemptions available in respect of capital gains applicable for FY 2025-26 (AY 2026-27) Income Tax Department chart showing various exemptions available in respect of Capital Gains under different sections of the Income Tax Act for FY 2025-26. These exemptions apply primarily to Long-Term Capital Gains when certain conditions are met. Short-term capital gains generally …
GST Portal Update: GSTR-3B Will Be BLOCKED for ITC / RCM Ledger Mismatch Goods and Services Tax Network has introduced system-based validations in GSTR-3B filing for Electronic Credit Reversal & Reclaim Ledger & Reverse Charge Mechanism Liability & ITC. Goods and Services Tax Network has moved from soft warnings to hard system validation. If the …