New Codes for TCS Challan | Income Tax Act, 2025
Sr. No. Return code(New) Old section (1961) Nature of payment Payer/ Deductor New section (2025) Threshold under 2025 Act Rate […]
New Codes For TDS Challan | Income Tax Act, 2025
Sr. No. Challan code(New) Old section (1961) Nature of payment Payer/ Deductor New section (2025) Threshold under 2025 Act Rate
CCFS‑2026: Simple 90‑Day Plan to Fix Your ROC Compliance
The Ministry of Corporate Affairs has introduced a new scheme named the Companies Compliance Facilitation Scheme, 2026 (CCFS 2026). This
TDS Correction Statements: Final Deadline of 31 March 2026
The Income Tax framework governing TDS/TCS correction statements has undergone an important change that affects every deductor including companies, employers,
Rule 14A under GST – A Withdrawal Option That Cannot Be Exercised and a Compliance Framework That Punishes Genuine Errors
By CA Dr Sanjay Burad and Anish S Burad 1. Introduction Rule 14A of the CGST Rules, 2017 was introduced
Startup Recognition Framework in India – Updated Norms Applicable from 2026
The Ministry of Commerce and Industry, through the Department for Promotion of Industry and Internal Trade (DPIIT), has issued a
Union Budget 2026: Our Partners Expert Insights Featured in Deshdoot
We are pleased to share that both our partners CA Dr Sanjay Burad and CA Anuja Burad were invited by
Union Budget 2026: Overview of Significant Direct Tax Changes
The Finance Bill, 2026 introduces a series of structural and procedural changes aimed at balancing revenue considerations with taxpayer-friendly reforms.
GST Amendments : Changes Under Finance Bill 2026
The Finance Bill, 2026, introduces certain amendments to the Central Goods and Services Tax (CGST) Act, 2017, and the Integrated
Simplifying Post-Supply Discount Compliance: CBIC Withdraws Circular No. 212/6/2024-GST through Circular No. 253/10/2025-GST
Background and Context The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 253/10/2025-GST dated 1st October
GST Notifications Following Recent GST Council Meeting
The recent GST Council meeting has resulted in several important notifications, bringing into effect key changes. These include revisions in
TCS Rate Chart for FY 2025-26 (AY 2026-27)
Below is the Tax Collected at Source (TCS) Chart for FY 2025-26 summarizing the rates and major categories as per
TDS Rate Chart for FY 2025-26 (AY 2026-27)
Section Nature of Transaction Threshold Limit TDS Rate (%) 192 Salary Basic exemption (employee) As per slab rates 192A Premature
GST Applicability on Income Earned by Banks
This blog provides a comprehensive tabular overview of the GST treatment of various services commonly rendered by banks. Sl. No.
Say Goodbye to Income Tax Up to 12 Lakh
The Union Finance Minister unveiled the Union Budget 2025, offering a major relief for the salaried and middle-income classes. It