If your company leases an aircraft or a ship through an International Financial Services Centre (IFSC) unit, two CBDT notifications just removed a quiet drag on your cash flow. From 1 April 2026, the lessee…
Most tax changes announce themselves as a new rate or a new threshold. This one is quieter, and for your finance function it is more disruptive. From the quarter ended 30 June 2026, the first…
If your company runs a laboratory, a product team or a clinical programme, one line in the new tax law changes how you model your R&D spend. The deduction for expenditure on scientific research has…
For more than four decades, only four cities, Delhi, Mumbai, Kolkata and Chennai, let a salaried employee claim House Rent Allowance (HRA) exemption at 50% of salary. Everywhere else was capped at 40%. The Income-tax…
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,…
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…
If your business is sitting on a GST first-appeal order from 2018, 2019, or 2022 that has gone nowhere, you have 66 days to make a decision. After June 30, 2026, that order is final.…
