GST 2.0 by May 2026 — the 5% / 18% / 40% Slab Structure, Intermediary Services Zero-Rated, Post-Sale Discount Reset, New Invoice Series, and the 1 May Beverage Notification

Vikram Mehta Editorial Team · 6d

GST

GST 2.0 live since 22 Sep 2025: 0/5/18/40% slabs replaced 5/12/18/28+cess. Three April-2026 resets — intermediary services zero-rated (Sec 13(8)(b) IGST omitted), post-sale discount via credit note + ITC reversal (Sec 15/34), mandatory fresh invoice series. Plus 1 May beverage notification.

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Tax Year vs Assessment Year vs Previous Year — What Changed on 1 April 2026 Under the Income Tax Act, 2025 (and What It Means for Your AY 2026-27 ITR)

Karan Malhotra Editorial Team · May 7

Income Tax

Income-tax Act, 2025 came into force 1 April 2026 — 'Previous Year / Assessment Year' replaced by a single 'Tax Year'. But your AY 2026-27 ITR (FY 2025-26 income), filed by 31 July 2026, is still under the 1961 Act. Tax Year first applies from FY 2026-27. Full transition map inside.

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Form 16 to ITR Filing for Salaried — Step-by-Step Guide for AY 2026-27 (FY 2025-26)

Priya Rao · May 6

Personal Finance

Step-by-step walk-through for salaried India: read Form 16 (Section 203 + Rule 31), reconcile with Form 26AS/AIS/TIS, pick ITR-1 (now allows two house properties + LTCG up to Rs.1.25L), choose new vs old regime, claim Sec 87A rebate (Rs.60K up to Rs.12L), and e-Verify in 30 days. Due 31 July 2026.

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'Digital Arrest' Scam Hits 72-Year-Old Sikar CA: Rs 1.03 Crore Lost in 24 Days — How the Fraud Works, and Why Police, CBI or ED Never Arrest Anyone on a Video Call

Neha Kapoor Editorial Team · May 6

Personal Finance

A 72-year-old CA in Sikar lost Rs 1.03 crore in a 24-day digital-arrest scam (Patrika, May 2026). Fake CBI/ED officers in uniform threatened him over a fake FIR via video call. 15 transactions later, the money was gone. There is no such thing as digital arrest in Indian law.

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CIBIL Score in 2026: What Actually Affects It, the New RBI Rules from 2024-25, Your Rights, and the Numbers Lenders Use

Rohit Desai · May 5

Personal Finance

CIBIL is one of four RBI-licensed credit bureaus. Score 300-900; 750+ is lender-friendly. Factors: payment history, utilisation, length, mix, inquiries (weights proprietary). New RBI rules: fortnightly updates, free annual report, SMS alerts, 30-day dispute with Rs 100/day compensation.

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Crypto and VDA Tax in India for AY 2026-27: The 30% Flat Rate, 1% TDS, Schedule VDA in ITR, and the New Section 509 Reporting Regime from 1 April 2026

Kartik Shah · May 5

Personal Finance

Crypto and NFT gains are taxed at a flat 30% under Section 115BBH (Section 194 of IT Act 2025) — only cost of acquisition deductible, no loss set-off, no carry-forward. 1% TDS under 194S. Disclose in Schedule VDA. From 1 April 2026: exchanges report under Section 509; penalties under Section 446.

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Form 26AS vs AIS vs TIS: What Each One Actually Shows, How to Fix Mismatches, and the Form 168 Renaming from 1 April 2026

Sneha Joshi Editorial Team · May 5

Personal Finance

Form 26AS shows tax credits: TDS, TCS, advance/SAT, refunds. AIS shows the full picture: every transaction the department knows. TIS aggregates AIS for ITR prefill. From AY 2027-28 (tax year 2026-27), Form 26AS becomes Form 168 under IT Act 2025 Sec 510 + Rule 245 IT Rules 2026.

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Sukanya Samriddhi Yojana 2026: Interest Rate, Rules, Maturity Calculator and the 2024 Grandparent-Guardian Amendment

Priya Rao · May 4

Personal Finance

Sukanya Samriddhi Yojana pays 8.2% for Apr-Jun 2026 (compounded yearly, EEE tax-free). Min Rs 250, max Rs 1.5L per year. Deposit for 15 years; account matures at 21. The 2024 grandparent rule, partial withdrawal at 18, and a worked corpus calculation under Sec 80C + Sec 10(11A).

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F&O and Intraday Trading Taxation for AY 2026-27: ITR-3, Audit Threshold, 44AD Presumptive Scheme, ICAI Turnover Rule, and the 2026 STT Hike

Karan Malhotra Editorial Team · May 3

Personal Finance

F&O = non-spec business; intraday = spec business. File ITR-3. Audit at Rs 10 cr turnover (95% digital). 44AD: 6% digital up to Rs 3 cr. ICAI 8th edition: turnover = absolute P&L. F&O loss carries 8 yrs (Sec 72); intraday loss only against spec gains, 4 yrs (Sec 73).

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GST Return Filing Matrix 2026: Who Files What and When (GSTR-1, 3B, CMP-08, 4, 9, 9C)

Vikram Mehta Editorial Team · May 3

GST

A 2026 reference for every GST return — GSTR-1, GSTR-3B, CMP-08, GSTR-4, GSTR-9, GSTR-9C and the rest. Who files each form, frequency, due dates from primary sources, QRMP Cat A vs Cat B states, and the FY 2024-25 changes that materially shifted the calendar.

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Which ITR Form Should I File for AY 2026-27? — Decision Tree Across ITR-1, ITR-2, ITR-3, and ITR-4 (Sugam) with Worked Examples

Karan Malhotra Editorial Team · May 2

Personal Finance

Pick the right ITR for AY 2026-27. ITR-1 (Sahaj) now allows two house properties + LTCG u/s 112A up to Rs.1.25L (CBDT Notif 45/2026). ITR-2 for capital gains above Rs.1.25L, foreign assets, NRI/RNOR. ITR-3 for any business/professional income. ITR-4 (Sugam) for 44AD/44ADA/44AE presumptive.

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GST Penalties and Late Fees: 2026 Quick Reference for GSTR-1, GSTR-3B, GSTR-9 and E-Way Bills

Vikram Mehta Editorial Team · May 2

GST

Quick reference for GST late fees and penalties for FY 2025-26: Section 47 caps for GSTR-1 and GSTR-3B, Section 50 interest at 18%, Section 122 contravention penalties, Section 125 residual penalty, Section 129 e-way bill at 200% of tax, and GSTR-9 caps under Notification 07/2023-CT.

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Do You Really Need Rs. 40 Crore to Retire in India? A Balanced Look at the Viral Math

Neha Kapoor Editorial Team · May 1

Personal Finance

A wealth manager's Rs. 40 crore retirement claim went viral. The compounding math checks out, but it rests on three fragile assumptions: a Rs. 2 lakh / month lifestyle, 9% inflation, and a 30-year retirement. Here is the balanced view, and a way to find your own number.

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ICAI: Average CA Starting Package Is Rs. 12-13 Lakh, Not Rs. 3-5 Lakh — 64th Campus Placement Has More Jobs Than Candidates

Vikram Mehta Editorial Team · May 1

CA (ICAI)

ICAI has rejected the 1 Finance report that claimed CA starting salaries are only Rs. 3-5 lakh. Secretary Jai Kumar Batra says the average qualified CA package is Rs. 12-13 lakh, international offers cross Rs. 50 lakh, and the 64th Campus Placement had 8,911 jobs for 5,834 candidates.

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Old vs New Tax Regime for FY 2025-26 / TY 2026-27: Break-Even Math, Section 156 Rebate, and Who Should Pick What Under the Income-tax Act, 2025

Vikram Mehta Editorial Team · Apr 30

Income Tax

Old vs New tax regime for FY 2025-26 under the 2025 Act. Section 202: Rs 4L exemption, slabs to 30% at Rs 24L, Rs 75K standard deduction, Section 156 rebate up to Rs 60K / Rs 12L. Old regime preserves Section 80C / 80D / HRA. Break-even ~Rs 3.5-4L deductions. Worked examples by income band.

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