Section 194A TDS on Interest Income FY 2025-26 — Budget 2025 Thresholds Draft
Section 194A TDS on interest income — revised rates, thresholds for banks, senior citizens, and Form 15G/15H for FY 2025-26.
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Income Tax Notice in 2026? How to Respond Step by Step
How to respond to an income tax notice — 143(1) notice response, 142(1), 143(2), 148 reply guide.
CBDT Circular 4/2026: New DIN Guidelines for Income Tax Communications — What Changes from April 2026
CBDT Circular 4/2026 dated 31.03.2026 revises DIN guidelines for income tax communications. Section 292BA inserted by Finance Act 2026 cures DIN defects retrospectively from 01.10.2019. Key changes: flexible DIN placement, 5 exceptions with post-facto approval, 15-day upload mandate.
Vikram Mehta
@ca_vikram
Vikram is a founding editorial team member at TaxSocial covering the GST and indirect-tax beat. His articles unpack GST 2.0, the new slab structure effective September 2025, the post-sale discount reset, the intermediary-services Section 13(8)(b) amendment, the 30-day IRN reporting rule, the GSTR-1A / GSTR-2B / GSTR-3B filing matrix, and the late-fee mechanics that follow when any of these slip. He writes from the perspective of a practitioner running compliance for mid-sized businesses — what the rule actually says, what the GSTN portal will accept on a given date, and what the practical workaround is when the two diverge. He covers MCA filing and ROC compliance topics where they intersect with GST.
The Income-tax Act, 2025 Is Now in Force: What Every Tax Professional Must Know
The Income-tax Act, 2025 replaced the 65-year-old IT Act, 1961 from 1st April 2026. Key changes: 536 sections (down from 819), unified Tax Year replacing PY/AY, TDS consolidated into Sections 392-393, 190 simplified forms, and Section 536 transition provisions.
Sanjay Patel
@sanjay_tax
Long innings advising NRI families on taxation and FEMA matters. Ahmedabad.
The Tax Year Concept Under Income Tax Act 2025 — What Changes for You
The Income Tax Act 2025 replaces Previous Year and Assessment Year with a single Tax Year concept. Here is what it means for taxpayers and professionals.
Vikram Mehta
@ca_vikram
Vikram is a founding editorial team member at TaxSocial covering the GST and indirect-tax beat. His articles unpack GST 2.0, the new slab structure effective September 2025, the post-sale discount reset, the intermediary-services Section 13(8)(b) amendment, the 30-day IRN reporting rule, the GSTR-1A / GSTR-2B / GSTR-3B filing matrix, and the late-fee mechanics that follow when any of these slip. He writes from the perspective of a practitioner running compliance for mid-sized businesses — what the rule actually says, what the GSTN portal will accept on a given date, and what the practical workaround is when the two diverge. He covers MCA filing and ROC compliance topics where they intersect with GST.
TDS Under Income Tax Act 2025 — New Section Numbers, Rates, and What Changed Draft
The new Income Tax Act 2025 consolidates 65 TDS sections into just 3. Here is the complete mapping of old to new sections, rates, and compliance changes.
Karan Malhotra
@ca_karan
Karan is part of the founding editorial team at TaxSocial and writes flagship pieces on tax-law transitions and high-stakes filing decisions. He covers the Income-tax Act 2025 commencement on 1 April 2026, the Tax Year vs Assessment Year vs Previous Year vocabulary shift, capital gains exemptions on sale of house property under Sections 82, 85 and 86 of the new Act, and the cross-year transitional questions practitioners have been asking since the Act was published. His articles are built around the bare Act text, the Income-tax Rules 2026 notified by CBDT, and Section 536 savings clauses that govern how 1961-Act matters are preserved into the new framework. He is a regular contributor on the Section 148 reassessment and dispute-resolution beats.
Income Tax Slabs for FY 2026-27: New Regime vs Old Regime Compared
FY 2026-27 income tax slabs under both regimes with rebate, standard deduction, surcharge, and switching rules explained in one place.
Sneha Joshi
@ca_sneha
Sneha is part of the founding editorial team at TaxSocial, focusing on operational income-tax topics that affect individual taxpayers and salaried filers. Her articles cover Form 26AS / AIS / TIS reconciliation, the new Form 168 framework under the Income-tax Act 2025, ITR-U updated returns and the Section 139(8A) 48-month window, e-Verification methods, the new tax regime versus old regime comparison for salaried readers, and the practical mechanics of HRA, LTA and standard deduction at filing time. She writes in a problem-first style — the reader arrives with a specific filing question, the article walks through the answer with statute references, and the takeaway is something they can act on the same day.
Old vs New Income Tax Forms: Complete Mapping of What Changes from April 2026
CBDT has notified new income tax form numbers under IT Rules 2026. Forms 26QB/QC/QD/QE merge into Form 141, tax audit forms 3CA/3CB/3CD become Form 26, and more. Complete old-to-new mapping inside.
Vikram Mehta
@ca_vikram
Vikram is a founding editorial team member at TaxSocial covering the GST and indirect-tax beat. His articles unpack GST 2.0, the new slab structure effective September 2025, the post-sale discount reset, the intermediary-services Section 13(8)(b) amendment, the 30-day IRN reporting rule, the GSTR-1A / GSTR-2B / GSTR-3B filing matrix, and the late-fee mechanics that follow when any of these slip. He writes from the perspective of a practitioner running compliance for mid-sized businesses — what the rule actually says, what the GSTN portal will accept on a given date, and what the practical workaround is when the two diverge. He covers MCA filing and ROC compliance topics where they intersect with GST.
Gujarat HC Pulls Up Income Tax Dept — ITR Forms Still Not Available on April 1st Despite 11-Year-Old Court Order
Gujarat HC directs Income Tax Department to file affidavit with measures to resolve ITR form delays. CAAS petition highlights 11-year non-compliance with 2015 court order directing forms be available on April 1st. Next hearing 27 April 2026.
CBDT Notifies Income-tax Rules, 2026: What Changes from 1 April 2026
CBDT has notified the Income-tax Rules, 2026 under the Income-tax Act, 2025, effective 1 April 2026. The Rules consolidate 500+ rules into 333, refresh perquisite valuations, widen the 50% HRA city list; FY 2025-26 compliance stays on the 1961 Act for a clean transition.
Vikram Mehta
@ca_vikram
Vikram is a founding editorial team member at TaxSocial covering the GST and indirect-tax beat. His articles unpack GST 2.0, the new slab structure effective September 2025, the post-sale discount reset, the intermediary-services Section 13(8)(b) amendment, the 30-day IRN reporting rule, the GSTR-1A / GSTR-2B / GSTR-3B filing matrix, and the late-fee mechanics that follow when any of these slip. He writes from the perspective of a practitioner running compliance for mid-sized businesses — what the rule actually says, what the GSTN portal will accept on a given date, and what the practical workaround is when the two diverge. He covers MCA filing and ROC compliance topics where they intersect with GST.
Income Tax Department Turns the Heat on Restaurants: Inside the Nationwide Turnover Validation Drive
Per CBDT's 9 March 2026 release, the IT Department analysed 1.77 lakh restaurants, surveyed 62 across 46 cities on 8 March 2026, and is sending SAKSHAM NUDGE advisories to 63,000 restaurants asking them to file Section 139(8A) updated returns before 31 March 2026.
Sanjay Patel
@sanjay_tax
Long innings advising NRI families on taxation and FEMA matters. Ahmedabad.
Kar Setu — Inside CBDT's FAQs on the Transition from Income-tax Act 1961 to Income-tax Act 2025
CBDT has released Kar Setu — a 99-page FAQ document for the shift from the Income-tax Act, 1961 to the Income-tax Act, 2025 effective 1 April 2026. Walks through the no-missing-year principle, the saving-clause architecture, the new Act structure (536 sections), and a practitioner checklist.
Vikram Mehta
@ca_vikram
Vikram is a founding editorial team member at TaxSocial covering the GST and indirect-tax beat. His articles unpack GST 2.0, the new slab structure effective September 2025, the post-sale discount reset, the intermediary-services Section 13(8)(b) amendment, the 30-day IRN reporting rule, the GSTR-1A / GSTR-2B / GSTR-3B filing matrix, and the late-fee mechanics that follow when any of these slip. He writes from the perspective of a practitioner running compliance for mid-sized businesses — what the rule actually says, what the GSTN portal will accept on a given date, and what the practical workaround is when the two diverge. He covers MCA filing and ROC compliance topics where they intersect with GST.
Meal Vouchers Just Got 4x Better: Rs 200 per Meal Tax-Free Under Income-tax Rules 2026
The Income-tax Rules, 2026 raise the tax-free meal voucher ceiling from Rs 50 to Rs 200 per meal, expected under both old and new regimes from 1 April 2026. Two meals over 22 working days is roughly Rs 1.05 lakh a year, with conditions, payroll restructuring, and common errors.
Sanjay Patel
@sanjay_tax
Long innings advising NRI families on taxation and FEMA matters. Ahmedabad.
Children's Education Allowance Jumps 30x: What the New Income-tax Rules, 2026 Actually Change for Salaried Parents
The Children's Education Allowance exemption, frozen at Rs 100/month per child for two decades, is raised to Rs 3,000/month (max two children) under the Income-tax Rules, 2026 from 1 April 2026. A 30x jump lifting the annual cap from Rs 2,400 to Rs 72,000 for a two-child household.
Karan Malhotra
@ca_karan
Karan is part of the founding editorial team at TaxSocial and writes flagship pieces on tax-law transitions and high-stakes filing decisions. He covers the Income-tax Act 2025 commencement on 1 April 2026, the Tax Year vs Assessment Year vs Previous Year vocabulary shift, capital gains exemptions on sale of house property under Sections 82, 85 and 86 of the new Act, and the cross-year transitional questions practitioners have been asking since the Act was published. His articles are built around the bare Act text, the Income-tax Rules 2026 notified by CBDT, and Section 536 savings clauses that govern how 1961-Act matters are preserved into the new framework. He is a regular contributor on the Section 148 reassessment and dispute-resolution beats.
Company Car Just Got Expensive: Rule 15 of the Income-tax Rules, 2026 Quietly Triples the Perquisite Value
Draft Rule 15 of the Income-tax Rules, 2026 raises the monthly car perquisite from Rs 1,800 to Rs 5,000 (up to 1.6 litre) and Rs 2,400 to Rs 7,000 (above 1.6 litre), with the driver component going from Rs 900 to Rs 3,000. Practitioner view of the math, EV uncertainty, and April payroll actions.
Sanjay Patel
@sanjay_tax
Long innings advising NRI families on taxation and FEMA matters. Ahmedabad.
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