Articles
Income Tax
Residency Rules: Income Tax Act, 1961 vs Income Tax Bill, 2025 — A Subtle Yet Significant Shift!
Residential status is one of the most critical factors in determining an individual’s tax exposure in India. For decades, Section 6 of the Income-tax Act, 1961 laid down clear and well-understood rules to decide...
Income Tax
Transfer Pricing and International Tax Reforms under Finance Bill, 2026: A Practical Overview
In an increasingly volatile global economic environment, Budget 2026 reflects India’s conscious shift towards certainty, predictability, and long-term institutional strength in taxation. Rather than focusing on headline rate changes, the Budget makes targeted reforms...
Income Tax
Minimum Alternate Tax (MAT): Comprehensive Overview and Key Changes under Finance Bill, 2026
Minimum Alternate Tax (MAT) has long been a cornerstone of India’s corporate tax framework, designed to ensure that companies reporting substantial book profits do not entirely avoid tax liability through exemptions and incentives. Over...
Income Tax
Budget 2026: 5 Major Personal Tax Changes Every Taxpayer Must Know
Union Budget 2026 introduces targeted reforms aimed at easing compliance, reducing litigation, and rationalizing personal taxation. While tax rates remain unchanged, several structural and procedural changes will significantly impact individual taxpayers, investors, and high-net-worth...
GST
Finance Bill, 2026: Key GST Reforms that will Reshape Compliance and Cash Flows
The Finance Bill, 2026 introduces a series of targeted yet impactful amendments to the GST and indirect tax framework, with a clear policy focus on compliance simplification, liquidity support, and ease of doing business.
1....
Income Tax
From Endless Revisions to Timely Compliance: The New Era of TDS/TCS Rectification
A Paradigm Shift Towards Disciplined Tax Compliance-
In India’s evolving tax ecosystem, TDS and TCS compliance has moved from being merely procedural to becoming time-bound and accountability-driven. One of the most significant recent changes is...
Income Tax
Revisionary Powers under the Black Money Act
The Black Money Act is meant to be strict.But even strict laws have limits.
The core issue
Can the tax department reopen a concluded assessment under the Black Money Act simply because it now holds a...
GST
Rule 31D under GST: MRP-Based Valuation Explained (Effective 1 February 2026)
The GST valuation framework has witnessed a significant shift with the insertion of Rule 31D of the CGST Rules, 2017, notified vide Notification No. 20/2025 - Central Tax dated 31 December 2025, effective from...
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