Vikram Mehta

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.

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.

Verbatim reproduction of the MCA FAQ on the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026). Covers objective, dates (15 Apr – 15 Jul 2026), eligibility, forms covered, concessional fees, immunity, dormant status, and strike-off.

The Income-tax Act, 2025 is set to replace the 1961 Act from 1 April 2026, introducing Section 420 and new exit-compliance Forms 156 and 157. This is an early interpretation of what we know so far — applicability, mechanics, and what still depends on CBDT notification.

Step-by-step guide to applying for the ICAI BAA Certificate through the Self Service Portal. Covers eligibility checks, documents to keep ready, each SSP screen, fee payment, verification, certificate dispatch, and the most common issues students run into.

A structured car lease can still reduce taxable salary even after revised perquisite rules from April 2026. A real example shows how ₹1.35 lakh tax saving is possible, though actual benefits depend on employer policy and usage.

Rule 14A of CGST Rules can block GSTR-1 filing for non-compliant or risky GSTINs. Learn the legal basis, system-driven triggers, and step-by-step process to remove the restriction using Form GST REG-32.

PMO is considering restricting Big Four firms from auditing sensitive sectors due to data security concerns. ICAI has been asked to strengthen domestic audit capacity. Final decision is awaited.

CBDT has released Kar Setu — a 99-page FAQ document for the shift from the Income-tax Act, 1961 to the Income-tax Act, 2025 effective 1 April 2026. Walks through the no-missing-year principle, the saving-clause architecture, the new Act structure (536 sections), and a practitioner checklist.

CBDT has notified new income tax form numbers under IT Rules 2026. Forms 26QB/QC/QD/QE merge into Form 141, tax audit forms 3CA/3CB/3CD become Form 26, and more. Complete old-to-new mapping inside.