Income Tax Articles

Digital Route for Lower Tax Deduction Certificates from April 2026

Poojitha Raam Vinay 19 February 2026 at 12:16

The New Income-tax Act, 2025 introduces a fully digital system for lower or Nil TDS certificates from April 1, 2026. Learn eligibility, features, step-by-step application process and benefits for taxpayers, NRIs, startups and professionals.

The New Income Tax Act 2025: Changed and Unchanged

Pranab Banerjee 19 February 2026 at 08:12

Explore the New Income Tax Act 2025 effective from 1st April 2026 - Key changes, Budget 2026 highlights, Tax Year concept, digital asset rules, compliance benefits and impact on individuals and businesses.

Decoding TDS and TCS: India's Advance Tax Collection Mechanisms

OneShotCA 19 February 2026 at 08:10

Understand TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) with simple examples, key differences, common scenarios, rates, certificates, and smart tips to manage deductions, refunds and tax compliance effectively.

From Structured Enforcement to Procedural Integrity - Completing the Prosecution Framework - Concluding Part 3

Raj Jaggi 18 February 2026 at 10:15

Finance Bill, 2026 amends Sections 480-485 and 494 of the Income Tax Act, 2025, introducing graded punishments, stronger safeguards for verification integrity, accountability for repeat offences and confidentiality protection. Effective 1 April 2026.

Draft Income Tax Rules 2026: Major PAN Quoting Changes Explained

efiletax 18 February 2026 at 09:43

The Central Board of Direct Taxes (CBDT) has released the Draft Income Tax Rules 2026, proposing higher PAN thresholds for cash deposits, withdrawals, property deals, and vehicle purchases. The new rules aim to reduce compliance burden while aligning with the Income Tax Act, 2025 effective April 1, 2026.

Tax Calculation Slabs For FY 2025-26 (AY 26-27)

Mitali 17 February 2026 at 13:06

Updated Tax Calculation Slabs For FY 25–26. Check slab-wise tax structure and key benefits before filing AY 2026-27 return.

From Rigour To Reason: Decriminalisation Of Tax Offences Under The IT Act, 2025 Through Finance Bill, 2026 - Part 2

Raj Jaggi 17 February 2026 at 09:26

Finance Bill 2026 reforms Sections 477-479 of the Income-tax Act, 2025 by introducing graded punishment for TCS default, tax evasion, and wilful non-filing of returns. Explore the new prosecution framework effective 1 April 2026.

The Vanishing Shield: Is your Home Loan Interest losing its Tax Power?

Marimganti Tarun B.com,FCMA 17 February 2026 at 07:01

Home loan tax benefits under Section 24(b) are fading under the New Tax Regime (Section 115BAC). Understand how the loss of interest deduction impacts salaried taxpayers, the break-even point between old vs new regime and who stands to lose the most before filing your return.

TDS and TCS: The New Shields and Arrows of the Taxpayer

CA Umesh Sharma 17 February 2026 at 07:00

Union Budget 2026 proposes major TDS and TCS reforms under the new Income Tax Act 2025. From PAN-based property TDS and digital certificates to TCS rationalisation and LRS relief, here's a complete breakdown of taxpayer “shields” and compliance "arrows."

MAT Credit - Budget Implications

Venkat Raj 17 February 2026 at 07:00

A comprehensive analysis of MAT u/s 115JB, its historical evolution, MAT credit mechanism, Budget 2026 changes, rate reduction to 14%, restrictions on credit utilisation