Section 194A TDS on Interest Income FY 2025-26 — Budget 2025 Thresholds

Rakesh Gupta · Mar 10

Income Tax

Section 194A TDS on interest income — revised rates, thresholds for banks, senior citizens, and Form 15G/15H for FY 2025-26.

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115

Income Tax Notice in 2026? How to Respond Step by Step

Anil Kumar · Mar 18

Income Tax

How to respond to an income tax notice — 143(1) notice response, 142(1), 143(2), 148 reply guide.

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CBDT Circular 4/2026: New DIN Guidelines for Income Tax Communications — What Changes from April 2026

Vikram Mehta · Apr 1

Income Tax

CBDT Circular 4/2026 dated 31.03.2026 revises DIN guidelines for income tax communications. Section 292BA inserted by Finance Act 2026 cures DIN defects retrospectively from 01.10.2019. Key changes: flexible DIN placement, 5 exceptions with post-facto approval, 15-day upload mandate.

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The Income-tax Act, 2025 Is Now in Force: What Every Tax Professional Must Know

Sanjay Patel · Apr 1

Income Tax

The Income-tax Act, 2025 replaced the 65-year-old IT Act, 1961 from 1st April 2026. Key changes: 536 sections (down from 819), unified Tax Year replacing PY/AY, TDS consolidated into Sections 392-393, 190 simplified forms, and Section 536 transition provisions.

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The Tax Year Concept Under Income Tax Act 2025 — What Changes for You

Vikram Mehta · Mar 8

Income Tax

The Income Tax Act 2025 replaces Previous Year and Assessment Year with a single Tax Year concept. Here is what it means for taxpayers and professionals.

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TDS Under Income Tax Act 2025 — New Section Numbers, Rates, and What Changed

Karan Malhotra · Mar 15

Income Tax

The new Income Tax Act 2025 consolidates 65 TDS sections into just 3. Here is the complete mapping of old to new sections, rates, and compliance changes.

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19

Income Tax Slabs for FY 2026-27: New Regime vs Old Regime Compared

Sneha Joshi · Mar 20

Income Tax

FY 2026-27 income tax slabs under both regimes with rebate, standard deduction, surcharge, and switching rules explained in one place.

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Old vs New Income Tax Forms: Complete Mapping of What Changes from April 2026

Vikram Mehta · Apr 7

Income Tax

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.

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Gujarat HC Pulls Up Income Tax Dept — ITR Forms Still Not Available on April 1st Despite 11-Year-Old Court Order

Rakesh Gupta · Apr 9

Income Tax

Gujarat HC directs Income Tax Department to file affidavit with measures to resolve ITR form delays. CAAS petition highlights 11-year non-compliance with 2015 court order directing forms be available on April 1st. Next hearing 27 April 2026.

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CBDT Notifies Income-tax Rules, 2026: What Changes from 1 April 2026

Vikram Mehta · Apr 2

Income Tax

CBDT has notified the Income-tax Rules, 2026 under the Income-tax Act, 2025, effective 1 April 2026. The Rules consolidate 500+ rules into 333, refresh perquisite valuations, widen the 50% HRA city list; FY 2025-26 compliance stays on the 1961 Act for a clean transition.

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Income Tax Department Turns the Heat on Restaurants: Inside the Nationwide Turnover Validation Drive

Sanjay Patel · Apr 6

Income Tax

Per CBDT's 9 March 2026 release, the IT Department analysed 1.77 lakh restaurants, surveyed 62 across 46 cities on 8 March 2026, and is sending SAKSHAM NUDGE advisories to 63,000 restaurants asking them to file Section 139(8A) updated returns before 31 March 2026.

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Kar Setu — Inside CBDT's FAQs on the Transition from Income-tax Act 1961 to Income-tax Act 2025

Vikram Mehta · Apr 7

Income Tax

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.

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Meal Vouchers Just Got 4x Better: Rs 200 per Meal Tax-Free Under Income-tax Rules 2026

Sanjay Patel · Apr 9

Income Tax

The Income-tax Rules, 2026 raise the tax-free meal voucher ceiling from Rs 50 to Rs 200 per meal, expected under both old and new regimes from 1 April 2026. Two meals over 22 working days is roughly Rs 1.05 lakh a year, with conditions, payroll restructuring, and common errors.

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Children's Education Allowance Jumps 30x: What the New Income-tax Rules, 2026 Actually Change for Salaried Parents

Karan Malhotra · Mar 24

Income Tax

The Children's Education Allowance exemption, frozen at Rs 100/month per child for two decades, is raised to Rs 3,000/month (max two children) under the Income-tax Rules, 2026 from 1 April 2026. A 30x jump lifting the annual cap from Rs 2,400 to Rs 72,000 for a two-child household.

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20

Company Car Just Got Expensive: Rule 15 of the Income-tax Rules, 2026 Quietly Triples the Perquisite Value

Sanjay Patel · Feb 10

Income Tax

Draft Rule 15 of the Income-tax Rules, 2026 raises the monthly car perquisite from Rs 1,800 to Rs 5,000 (up to 1.6 litre) and Rs 2,400 to Rs 7,000 (above 1.6 litre), with the driver component going from Rs 900 to Rs 3,000. Practitioner view of the math, EV uncertainty, and April payroll actions.

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