The Government has undertaken one of the biggest compliance reforms in Indian direct taxation with the introduction of the Income-tax Act, 2025 and the Draft Income-tax Rules, 2026. A key pillar of this reform is the complete restructuring, simplification... See more
Budget 2026 has not changed the income tax slab rates applicable under the normal tax regime. The slab structure for FY 2026-27 remains the same as FY 2025-26 for individuals, HUFs, companies, firms, and other assessees. However, the new tax regime under ... See more
The GST Portal is bringing an important system-level change in Input Tax Credit (ITC) utilisation effective from January 2026 tax period onwards. This change is aimed at removing practical hardship faced by taxpayers due to rigid ITC utilisation sequence ... See more
One of the important compliance-friendly measures introduced in Budget 2026 is the rationalisation of penalties into mandatory fees for certain procedural and technical defaults under the Income-tax law. Visit www.cagurujiclasses.com for practical courses... See more
The Union Budget 2026 has introduced important reforms in the TDS and TCS framework under the Income-tax Act, 2025. These amendments primarily aim at rate rationalisation, compliance simplification, clarity in interpretation, relief to taxpayers, and part... See more
