Income Tax Act 2025 is Live from 1 April 2026 — 5 Clarifications Every Taxpayer Must Know
The Income Tax Act, 2025 has replaced the 64-year-old Income Tax Act, 1961 with effect from 1 April 2026. However, this does not mean everything changes overnight. Here are 5 critical clarifications …
Read full update →GST Appeal Blocked Due to NIL Demand ? GSTN Advisory Explains the Correct Approach (April 2026)
Taxpayers are facing difficulty in filing GST appeals where adjudication orders show “NIL” demand due to prior payments made at t…
Income Tax Relief: Revised Return Filing Deadline Extended till 31 March
In a major taxpayer-friendly reform, the Union Budget 2026–27 has extended the deadline for filing revised income tax returns til…
Staggered ITR Due Dates Introduced: Separate Timelines for Individuals and Business Taxpayers
To ease compliance pressure and reduce last-minute rush, the Income Tax Act, 2025 introduces staggered due dates for filing incom…
TCS Rates Reduced on Foreign Tour, Education & Medical Remittances under Income Tax Act, 2025
The Union Budget 2026–27 introduces significant relief by reducing TCS rates on foreign tour packages, overseas education, and me…
Buyback Taxation Shifted from Dividend to Capital Gains under Income Tax Act, 2025
The Union Budget 2026–27 introduces a major shift in buyback taxation by moving it from a dividend-based tax regime to capital ga…
MAT Reduced to 14% and Made Final Tax under Income Tax Act, 2025
Union Budget 2026–27 brings a major reform in Minimum Alternate Tax (MAT) by reducing the rate to 14% and making MAT a final tax.…
Penalty & Assessment to Be Passed Through a Single Common Order
Union Budget 2026–27 introduces a major procedural reform by merging assessment and penalty proceedings into a single common orde…