Old vs New Tax Regime for FY 2025-26 / TY 2026-27: Break-Even Math, Section 156 Rebate, and Who Should Pick What Under the Income-tax Act, 2025

Vikram Mehta · 6h

Income Tax

Old vs New tax regime for FY 2025-26 under the 2025 Act. Section 202: Rs 4L exemption, slabs to 30% at Rs 24L, Rs 75K standard deduction, Section 156 rebate up to Rs 60K / Rs 12L. Old regime preserves Section 80C / 80D / HRA. Break-even ~Rs 3.5-4L deductions. Worked examples by income band.

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Section 80D / Section 126 Decoded: Health Insurance Deduction Limits, Senior Parent Carve-Out, and the Cash-Payment Trap Under the Income-tax Act, 2025

Neha Kapoor · 7h

Personal Finance

Section 80D becomes Section 126 under the Income-tax Act, 2025: Rs 25K / 50K self bucket, Rs 25K / 50K parents bucket, Rs 5K preventive checkup inside limits, Rs 50K medical expenditure when senior parent has no insurance. Old regime only. Cash disallowed except preventive.

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Capital Gains on Sale of House Property: Sections 82, 85 and 86 Exemption Playbook Under the Income-tax Act, 2025

Deepak Jain · 9h

Income Tax

Capital gains exemptions on property sale under the Income-tax Act, 2025: Section 82 (was §54) reinvest in residential house; Section 85 (was §54EC) Rs 50L bonds; Section 86 (was §54F) net-consideration in residential house. Time windows, Rs 10 crore caps, CGAS deposit rule, and worked examples.

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TDS on Sale of Property in India: Resident vs NRI Seller, Section 393(1) and 393(2) Mechanics Under the Income-tax Act, 2025

Priya Sharma · 10h

Income Tax

TDS on property sale under the Income-tax Act, 2025: resident seller 1% TDS under Section 393(1) [Sl. 3(i)] above Rs 50 lakh; NRI seller TDS under Section 393(2) [Sl. 17] — no threshold, 12.5% LTCG / slab STCG plus surcharge. Form 141 replaces Form 26QB; Section 395 / Form 128 lower-TDS.

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ESOP Taxation Decoded: Two-Stage Tax (Perquisite at Exercise + Capital Gains at Sale) Under the Income-tax Act, 2025

Neha Kapoor · 12h

Personal Finance

ESOPs are taxed twice: at exercise as salary perquisite under Section 17(1)(d), and at sale as capital gain. 2025 Act mappings — Section 392 TDS, Section 140 eligible startup, 60-month deferral for shares allotted from 1 April 2026 — plus Budget 2024 capital gains rates and worked examples.

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HUF Taxation Decoded: Formation, Tax Slabs, Clubbing Traps & Partition Rules Under the Income-tax Act, 2025

Deepak Jain · 13h

Income Tax

Complete HUF taxation guide under the Income-tax Act, 2025: formation, Section 202 new-regime slabs, the Section 156 rebate that HUFs do NOT get, Section 99 clubbing traps for converted property, Section 92 gift rules, Schedule III member-receipt exemption, and Section 315 partition mechanics.

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Form 125 Explained: How Specified Senior Citizens Skip ITR Filing Entirely Under the Income-tax Act, 2025

Deepak Jain · 3d

Income Tax

Form 125 under the Income-tax Act, 2025 replaces Form 12BBA. Resident senior citizens 75+ with only pension and interest from the same specified bank can skip ITR — the bank computes income, applies the Section 87A rebate, and deducts TDS under Section 393(1) Sl. No. 8(iii).

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Form No. 101 Decoded: The New Inventory Valuation Report Every CA Must Know Under Income-tax Rules, 2026

Priya Sharma · 3d

Income Tax

Form 101 under Rule 171(2) of the Income-tax Rules, 2026 replaces Form 6D — an AO-triggered Cost Accountant inventory valuation under Section 268(5)(ii) of the Income-tax Act, 2025. Six-month clock, structured schedules, and direct exposure for manufacturing, real estate and trading clients.

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e-Rupee vs UPI: Is RBI's Digital Currency Actually Safer? Scam Vectors, Tax Treatment & Section 269ST Grey Zone

Neha Kapoor · 4d

Personal Finance

RBI's e-rupee removes some UPI scam vectors (no OTP, no collect-request tricking) but inherits others (QR swap, malware, device theft). UPI QR interoperability still applies. Plus the unresolved Section 269ST question on e-rupee receipts.

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Section 146 & Form 34 Explained: 30% Deduction on Additional Employee Cost Under the Income Tax Act, 2025

Priya Sharma · 4d

Income Tax

Section 146 of the Income Tax Act, 2025 carries forward the 30% deduction on additional employee cost (old Section 80JJAA) for three tax years. Form 34 (Rule 68) is the new prescribed CA-certified report, mandatory for assessees liable to audit under Section 63. Effective Tax Year 2026-27.

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NFRA Powers Explained: Can Your Firm Really Be Debarred for 10 Years?

Priya Sharma · 4d

CA (ICAI)

NFRA powers under Section 132 of the Companies Act, 2013: debarment up to 10 years, penalties (Rs. 1L/5x fees individuals; Rs. 10L/10x fees firms), civil-court powers, who falls under NFRA jurisdiction, and what every audit professional must do now.

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Section 87A Rebate AY 2026-27: Rs. 60,000 New Regime, Rs. 12,500 Old Regime, Marginal Relief & Capital Gains Exclusion Decoded

Priya Sharma · 4d

Income Tax

Section 87A rebate AY 2026-27 (FY 2025-26): Rs. 60,000 up to Rs. 12 lakh new regime per FA 2025, Rs. 12,500 up to Rs. 5 lakh old regime. Marginal relief math, why STCG 111A and LTCG 112A are excluded, and 8 worked examples decoded.

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Tax Audit Limit AY 2026-27: Section 44AB, 44AD, 44ADA Thresholds, Cash-Receipts Test & Basic Exemption Limit Decoded

Priya Sharma · 6d

Income Tax

Tax audit applicability AY 2026-27: Section 44AB (Rs. 1 Cr / Rs. 10 Cr under 5% cash test), 44AB profession Rs. 50 L, 44AD presumptive Rs. 2 / 3 Cr, 44ADA Rs. 50 / 75 L, new-regime BEL Rs. 4 lakh per FA 2025, plus the 44AD(4) five-year lock-in rule and flowchart corrections.

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MCA Annual Filing Calendar 2026-27: Complete List of Forms, Due Dates & Late Fees

Fatima Khan · 6d

Company Law

MCA annual filing calendar for FY 2026-27: all 16 routine forms companies file under the Companies Act, 2013 — MSME-1, PAS-6, DPT-3, DIR-3 KYC (triennial), AOC-4, MGT-7, MGT-7A, MGT-8, BEN-2 and more. Due dates, late fees, who files what, and common mistakes.

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FAST-DS 2026: Foreign Assets of Small Taxpayers Disclosure Scheme (Finance Bill 2026) — Two Categories, 6-Month Window, Pending Commencement

Vikram Mehta · Apr 23

Income Tax

FAST-DS 2026, introduced via the Finance Bill 2026, gives small taxpayers a one-time 6-month window to disclose unreported foreign assets/income with immunity under the Black Money Act, 2015. The scheme has two categories (up to Rs. 1 cr and up to Rs. 5 cr). Commencement date is yet to be notified.

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