Tag: Income tax
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Tax Audit Report Due Date Extension for AY 2026-27: New Dates 21 October and 21 November 2026
The tax audit report due date extension for AY 2026-27 moves the report to 21 October 2026 and the audit-case ITR to 21 November – what it covers.
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The 22% Tax Rate Under Section 115BAA: Why Form 10-IC Must Reach the Portal With Your AY 2026-27 Return
The 22% tax rate under Section 115BAA isn’t automatic — Form 10-IC must reach the portal on or before your AY 2026-27 return, and the choice can’t be undone.
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Form 10E Explained: When Is It Required, How Section 89 Relief Is Calculated, and Common Misconceptions
Form 10E must be filed before claiming Section 89 relief on salary arrears, gratuity or pension. When it applies, and why relief sometimes comes to nil.
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Tax Audit Applicability for Businesses: Section 44AB Limits and Deadlines (AY 2026-27)
Tax audit applicability for businesses under Section 44AB: the Rs 1 crore and Rs 10 crore turnover limits, the 5% cash rule, Form 3CD and AY 2026-27 dates.
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The Great Indian Tax Refresh: Out with the Old, In with the Bold!
The Income Tax Act 1961 gives way to the Income Tax Act 2025 from 1 April 2026. What actually changes for salaried taxpayers, business owners and homebuyers.
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Beyond the Handshakes: The Silent Tax Revolution Inside the EU-India FTA
Beyond handshakes, the EU-India FTA is quietly reshaping taxes—impacting corporates, exemptions, and compliance in ways most people miss.