Income Tax Articles
TDS and TCS: The New Shields and Arrows of the Taxpayer
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
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
TAN Exemption for Property Buyers: Relief for Resident Buyers u/s 397
16 February 2026
335 Views
Budget 2026 proposes Section 397 to simplify property TDS compliance by removing the TAN requirement for resident buyers under Section 194-IA. Know eligibility, benefits, impact, and filing rules.
From Rigour To Reason: Decriminalisation Of Tax Offences Under The IT Act, 2025 Through Finance Bill, 2026 - Part 1
16 February 2026
243 Views
The Finance Bill, 2026 proposes major amendments to prosecution provisions under Sections 473-476 of the Income-tax Act, 2025, introducing graded punishment, decriminalisation measures, and proportionate sentencing to shift tax enforcement from rigid penalties to a fair, balanced compliance framework effective April 1, 2026.
Finance Bill 2026 Proposes Section 147A to Clarify Assessing Officer Jurisdiction for Notices u/s 148 & 148A
16 February 2026
1020 Views
Understand proposed Section 147A in Finance Bill 2026, a retrospective clarification on who qualifies as "Assessing Officer" for Sections 148 & 148A notices, addressing JAO vs NaFAC/AU jurisdiction and ensuring legal alignment.
Income Tax Penalties and Appeals: Understanding the Legal Process
Taxpayers are required to comply with tax laws and regulations, but mistakes, delays, or omissions can lead to penalties.
Section 292BA in Finance Bill 2026: End of DIN-Based Assessment Challenges?
14 February 2026
956 Views
Union Budget 2026 proposes Section 292BA to retrospectively validate assessment orders with DIN-quoting defects from 1 October 2019. With CBDT advising adjournments in pending cases, explore how this amendment could reshape ongoing DIN-related tax litigation.
Draft Rules May Bring The Old Regime Into Focus
India’s draft rules for the new Income-tax Act, 2025 (effective 1 April 2026) propose higher allowance limits, simplified compliance and relaxed thresholds bringing the old tax regime back into focus.
Changes in Income from House Property from April 2026
The Union Budget 2026 proposed targeted amendments to the rules governing Income from House Property, effective April 1, 2026, bringing the Income-tax Act, 2025...
Finance Bill 2026: Resetting The Return Calendar Under The Income Tax Act, 2025
13 February 2026
445 Views
Finance Bill 2026 proposes key amendments to Section 263 of the Income-tax Act, 2025, rationalising return filing due dates, extending the revised return timeline to 12 months, and clarifying updated return provisions to strengthen voluntary tax compliance from Tax Year 2026-27.
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