If your startup is finally turning profitable, Section 80-IAC of the Income-tax Act, 1961 is the single most valuable relief on the table: a 100% deduction of business profits for three years. The Finance Act,…
Every June, a quiet sorting happens inside the Income-tax Department. Most returns filed in the previous year are left alone. A small set is pulled out for complete scrutiny, and for those taxpayers the next…
Most founders treat vendor payment timing as a cash-flow decision. For one category of supplier, it is now a tax decision. If your startup pays a registered micro or small enterprise beyond the statutory window,…
If you hold a Director Identification Number (DIN), the rule you have followed every year just changed. DIR-3 KYC, the annual director identity confirmation, is no longer annual. The Ministry of Corporate Affairs has moved…
Two depreciation regimes now sit on either side of one date. The Income-tax Act 2025 has been in force since 1 April 2026, yet the tax audit your finance team is closing this season, the…
The Income-tax Act 2025 replaced the Income-tax Act 1961 on April 1, 2026. For founders and finance leaders running cross-border transactions, the practical question this filing season is simple: when you file Form 3CEB in…
Key Takeaways A cap table that reconciles in Excel is not the same as a cap table that survives due diligence. Six structural issues commonly hide inside what founders describe as "clean". The most expensive…
The GSTAT Cohort-D e-filing window closes June 30, 2026. As of today, 35 days remain. NIC portal data shows roughly 14 percent uptake against the ~5,200 estimated filings nationally, which means 86 percent of pre-April…
The Income-tax Act 2025 takes effect from April 1, 2026, but most capital-gains files on a practitioner's desk this March will still be governed by the 1961 Act. The hinge that holds this together is…
Quick summary: Section 536 Sub-Clause 5 of the Income-tax Act 2025 expressly preserves every loss carry-forward, depreciation, MAT credit, and AMT credit determined under the 1961 Act. The carry-forward window does NOT restart on April…
