Blogs · Income Tax
Income tax under the Income-tax Act 2025
The Income-tax Act 2025 came into force on 1 April 2026 and repealed the 1961 Act. Rates and thresholds carried over almost unchanged, but every section number moved — 44AB is now section 63, the presumptive provisions are consolidated into section 58, and "assessment year" has been replaced by a single "tax year".
That renumbering is the practical problem of 2026-27. People still search by the old numbers, returns filed with old section codes fail validation, and a good deal of published content has not been updated. We reference both throughout.
Articles in Income Tax
Income Tax · 6 min · New · Aug 2026
Missed the ITR deadline? Belated and revised returns under the new Act
Missed 31 July? You can still file a belated return up to 31 Dec 2026, revise up to 31 Mar 2027, or use ITR-U within 48 months. Section 428(b) fees, interest and lost loss carry-forward, explained.
Income Tax · 7 min · New · Aug 2026
The TDS rate card for FY 2026-27: every threshold that changed
Sections 192 to 194T in one table: current rates, the raised thresholds, the no-PAN 20% rule, deposit and quarterly return due dates, and the three mistakes small deductors keep making.
Income Tax · 7 min · New · Aug 2026
The Income-tax Act 2025 section converter: where your old sections went
A bookmark-worthy table mapping 139(1), 143(1), 80C, 87A, 148, the 194 TDS family and more to their Income-tax Act 2025 equivalents — plus the transition rule that decides which Act your notice runs under.
Income Tax · 7 min · Updated Aug 2026
The new Income-tax Act, 2025 is live: what actually changes for your business from 1 April 2026
The 1961 Act is replaced. Same tax outcomes for most filers — but a new "tax year" vocabulary, new section numbers on every notice, and documents that now cite a repealed law.
Income Tax · 6 min · Updated Jun 2026
Section 194T: the TDS your firm now deducts on payments to its own partners
From 1 April 2025, firms and LLPs deduct 10% TDS on remuneration, interest and commission to partners above ₹20,000 a year — including the year-end book entry most firms miss.
Income Tax · 6 min · Updated Aug 2026
Presumptive taxation under section 44AD & 44ADA: a simple guide for small businesses and professionals
Pay tax on a presumed slice of turnover, skip the audit and the detailed books. Who qualifies, the 44AD and 44ADA turnover limits, the 8%/6% and 50% rates, and how to file with ITR-4.
Tax · 7 min · Updated Jun 2026
ITR filing for small businesses: which form, what documents and key deadlines
Choosing the right ITR form, the documents to keep ready, the due dates that matter, and the common filing mistakes that lead to notices.
Tax · 7 min · Updated Sep 2025
Advance tax for businesses and professionals: who pays, the four dates and avoiding interest
Advance tax means paying as you earn. Who is liable, the four instalment dates, how interest under 234B and 234C builds up, and how to stay ahead of it.
Tax · 7 min · Updated Aug 2026
New vs Old Tax Regime: which one should you pick?
How the new and old income tax regimes differ on slabs and deductions, who benefits from each, and a simple way to decide before you file your ITR.
Tax · 8 min · Updated Aug 2026
TDS for small businesses: sections, due dates and avoiding penalties
Who must deduct TDS, the common sections like 194C, 194J and 194Q, the payment and return due dates, and how to avoid interest and penalties.
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