India's income tax system has undergone a major shift for FY 2025–26, with the New Tax Regime now set as the default. This blog breaks down the differences between the New and Old Regimes, compares tax slabs, and helps taxpayers decide which option suits them best. Whether you're a young professional or a seasoned investor, understanding these changes is key to smarter tax planning.

The Income Tax Act 2025 introduces Section 58, replacing Section 44AD for presumptive taxation of small businesses. This provision applies to eligible assessees with turnover up to ₹2-3 crore, offering simplified tax computation at 6% for digital transactions and 8% for other receipts, or actual profit—whichever is higher. The change promotes digital payments and reduces compliance burden for small businesses while maintaining revenue collection efficiency.

Section 115BAC introduces a simplified tax structure with reduced slab rates, but at the cost of foregoing key exemptions and deductions. Effective from AY 2024–25 as the default regime, this blog explains the revised tax slabs, outlines the benefits that are no longer available, and guides taxpayers on choosing between the new and old regimes based on their financial profile and investment habits.

The Indian government has announced significant GST updates, effective October 1, 2025, stemming from the Finance Act, 2025. These amendments will impact definitions, voucher taxation, Input Tax Credit (ITC) on plant & machinery (retrospectively from 2017), return filing procedures, appeal processes, and introduce a new 'track & trace' system with associated penalties. Businesses must prepare for these changes by reviewing operations, updating systems, and training staff to ensure compliance and manage potential cash flow implications.

This blog post addresses the increasing tax notices faced by Indian content creators, influencers, and consultants due to a common mismatch: clients deducting TDS under Section 194J while they file income tax returns under Section 44AD. It breaks down the key tax provisions (194J, 44AD, 44ADA), explaining what each means for freelancers and businesses. The article clarifies that a 194J deduction doesn't automatically mandate filing under 44ADA; the crucial factor is whether the profession is listed under Section 44AA. It details potential impacts on tax burden, cash flow, and the need for increased documentation, while also offering actionable steps for creators and consultants to ensure compliance, including clarifying work nature, maintaining records, client communication, cash flow monitoring, and seeking professional tax advice.

This blog post provides a comprehensive yet easy-to-understand guide to saving Long-Term Capital Gains (LTCG) tax arising from property sales in India. It delves into three crucial sections of the Income Tax Act – Section 54, Section 54EC, and Section 54F – detailing their eligibility criteria, investment options, time limits for reinvestment, and lock-in periods. The post also includes a comparative table and a practical example to illustrate how these exemptions work, empowering taxpayers to make informed decisions and potentially reduce their tax liabilities.

The Income Tax Appellate Tribunal (ITAT) has clarified that when an asset gifted to a spouse is sold, the resulting capital gains must be taxed in the hands of the gifting spouse, not the recipient. This blog breaks down the mandatory "clubbing of income" provision under Section 64(1)(iv) of the Income Tax Act, explaining its implications for taxpayers, the calculation of gains, and the importance of proper documentation.

In 2025, NRIs receiving dividend income from Indian companies face a flat 20% tax plus surcharge and cess, deducted at source. With the abolition of Dividend Distribution Tax (DDT), the tax burden now lies with investors. However, NRIs can lower this liability using DTAA benefits, proper documentation, and strategic tax planning. This blog breaks down dividend tax rules, TDS rates, refund claims, and smart investment strategies to help NRIs make the most of their India growth story.

A comprehensive guide for businesses on the depreciation rates and rules applicable for the Financial Year 2025-26 under the Indian Income Tax Act. The blog details the core principles, including the 'Block of Assets' concept and the WDV method. It provides a clear breakdown of depreciation rates for various asset classes like buildings, machinery, and intangible assets. Furthermore, it covers crucial special provisions such as additional depreciation for manufacturing units, rules for the sale of assets, and recent updates like the non-depreciable status of goodwill, empowering businesses with the knowledge for effective tax planning and compliance.

This blog provides a comprehensive explanation of the provisions for setting off and carrying forward losses under the Indian Income Tax Act. It details the process of adjusting financial losses against profits to reduce the overall tax burden. The article breaks down the two primary methods: intra-head and inter-head set-off, outlining the specific rules and restrictions for various types of losses, including business loss, capital loss, and loss from house property. It also covers the crucial conditions and timelines for carrying forward unadjusted losses to future years, making it an essential guide for taxpayers looking to optimize their tax planning for the Assessment Year 2025-26.

This guide explains the updated Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961, for the Assessment Year 2025-26 (Financial Year 2024-25). It clarifies who needs a tax audit, points out key changes in Form 3CD, including new clauses for digital transactions, MSME reporting, and buybacks. It also outlines the audit process, lists important due dates, and details the penalties for non-compliance. The guide offers best practices for taxpayers to help ensure smooth audits and strong tax compliance in India.

Recent changes to Long Term Capital Gains (LTCG) tax rates and rules, which take effect on July 23, 2024, have greatly affected how investors figure their tax liability for the Assessment Year 2025-26. This blog post outlines these important updates across different asset classes, including equity, debt, and real estate. It explains the details of indexation and clears up common misunderstandings, especially related to the Income Tax Bill, 2025. It highlights the need for careful tax planning and urges taxpayers to get expert help.