Professional Tax Insights & Financial Updates

Income Tax 27 Mar 2026

Shekhar Kundra Founder & CEO

Income-tax Rules 2026 Bring Sweeping Changes to Forms & Disclosures

India's Income-tax Rules, 2026, effective April 1, 2026, simplify compliance with fewer forms but introduce new disclosure norms for HRA and a 'tax year' concept.

Original Source Article

Read Article

Business 27 Mar 2026

Ranjam Kundra Director

CBDT Finalizes Transfer Pricing Rules under Income-tax Act, 2025

CBDT finalizes Income-tax Rules, 2026, bringing significant transfer pricing updates to safe harbor, APA process, and compliance standards, effective April 1, 2026.

Original Source Article

Read Article

Income Tax 27 Mar 2026

Gagandeep Arora Content Writer

Company Car Perk: Higher Tax Burden Under Income Tax Rules 2026

Employees using company cars for personal use will incur higher income tax from April 1, 2026, due to revised perquisite valuations under new tax rules.

Original Source Article

Read Article

Income Tax 27 Mar 2026

Shekhar Kundra Founder & CEO

New Tax Act 2025: Exempt Income Now Carries Indirect Costs via Rule 14

India's Income-tax Act, 2025 introduces Rule 14 from April 1, 2026, disallowing expenses related to exempt income, signaling a shift to 'tax-efficient' strategies.

Original Source Article

Read Article

GST, Tax Filing Deadlines 27 Mar 2026

Ranjam Kundra Director

GST Compliance: FY25-26 Composition & LUT Deadlines

Important GST deadlines for FY 2025-26, including opting for the Composition Scheme and submitting LUTs for exports, are set for March 31, 2025.

Original Source Article

Read Article

TDS, Tax Filing Deadlines, Tax Updates 27 Mar 2026

Gagandeep Arora Content Writer

CBDT Extends TDS Certificate Deadline for Q3 FY2025-26

The CBDT has extended the deadline for issuing TDS certificates for Q3 FY2025-26 (quarter ending December 31, 2025) to March 31, 2026, due to technical glitches on the e-filing portal, providing relief to both deductors and taxpayers.

Original Source Article

Read Article

Tax Policy 27 Mar 2026

Shekhar Kundra Founder & CEO

Finance Bill 2026 Amendments Aim to Curb Litigation, Simplify Compliance

The Finance Minister has proposed significant amendments to the Finance Bill 2026 to simplify reassessment procedures, enhance tax certainty, and reduce litigation, ahead of the new Income-tax Act 2025 rollout, also including relief on interest liabilities.

Original Source Article

Read Article

Income Tax 27 Mar 2026

Ranjam Kundra Director

Taxpayers Can Revise ITRs Even Amidst Reassessment Proceedings

The Finance Minister has proposed a reform allowing taxpayers to update their Income Tax Returns (ITRs) even after reassessment proceedings have begun, subject to an additional 10% tax, aiming to reduce litigation and rectify genuine mistakes.

Original Source Article

Read Article

Income Tax 27 Mar 2026

Gagandeep Arora Content Writer

Income Tax Refund Delays FY 2025-26: Over 27 Lakh ITRs Pending

A significant backlog of over 27 lakh verified Income Tax Returns (ITRs) remains unprocessed for FY 2025-26, leading to prolonged refund delays for taxpayers due to stringent system-driven cross-verification processes.

Original Source Article

Read Article

Income Tax Updates 26 Mar 2026

Shekhar Kundra Founder & CEO

India Ushers in New Income Tax Act, 2025, and Rules, 2026: Key Changes and Comparison Tool

India is set to implement the new Income Tax Act, 2025, and Income-tax Rules, 2026, from April 1, 2026, bringing changes like a unified 'Tax Year', revamped forms, and an online tool to compare old and new provisions. The old regime's HRA and education allowance benefits also see updates.

Original Source Article

Read Article

Income Tax Forms 26 Mar 2026

Ranjam Kundra Director

Form 130 to Replace Form 16 for Salary and Pension TDS Certificates from April 1, 2026

Effective April 1, 2026, Form 130 will replace Form 16 as the official TDS certificate for salary and pension income under India's new Income-tax Act, 2025, featuring a detailed, system-generated format.

Original Source Article

Read Article

TDS Update 26 Mar 2026

Gagandeep Arora Content Writer

CBDT Extends TDS Certificate Issuance Deadline for Q3 FY 2025-26

The CBDT has extended the deadline for issuing TDS certificates (Form 16A) for Q3 FY 2025-26 to March 31, 2026, citing technical glitches on the e-filing portal.

Original Source Article

Read Article

Free Consultation

📹 Book Video Consultation

Confirm Booking

The Tax Knowledge Hub

Income-tax Rules 2026 Bring Sweeping Changes to Forms & Disclosures

CBDT Finalizes Transfer Pricing Rules under Income-tax Act, 2025

Company Car Perk: Higher Tax Burden Under Income Tax Rules 2026

New Tax Act 2025: Exempt Income Now Carries Indirect Costs via Rule 14

GST Compliance: FY25-26 Composition & LUT Deadlines

CBDT Extends TDS Certificate Deadline for Q3 FY2025-26

Finance Bill 2026 Amendments Aim to Curb Litigation, Simplify Compliance

Taxpayers Can Revise ITRs Even Amidst Reassessment Proceedings

Income Tax Refund Delays FY 2025-26: Over 27 Lakh ITRs Pending

India Ushers in New Income Tax Act, 2025, and Rules, 2026: Key Changes and Comparison Tool

Form 130 to Replace Form 16 for Salary and Pension TDS Certificates from April 1, 2026

CBDT Extends TDS Certificate Issuance Deadline for Q3 FY 2025-26

Share Your Story

We value your privacy