The Income-tax Act, 2025 applies from 1 April 2026, and the Income-tax Act, 1961 is repealed from that date. For capital gains, the date that decides which Act governs a transaction is the date of…
The Income-tax Act, 2025 came into force on 1 April 2026 and section 536(1) of that Act repealed the Income-tax Act, 1961. Many companies and individuals entered Tax Year 2026-27 with business losses, capital losses,…
The Income-tax Act, 2025 came into force on 1 April 2026 and repealed the Income-tax Act, 1961. That does not move reassessment of earlier years to the new law. For any tax year that began…
Most CA practices we have spoken to in the last fortnight do not have a written V2-to-V3 migration plan. A few have a rough mental list. None have inventoried Class 2 DSCs across their client…
The Calcutta High Court has handed startup founders, manufacturing CFOs, and their advisors a meaningful win that very few will notice in the news cycle. On April 21, 2026, in M/s Graphite India Ltd vs…
On April 13, 2026, the Department for Promotion of Industry and Internal Trade (DPIIT) notified Fund of Funds for Startups 2.0 in the Gazette of India. If you are a founder, an AIF manager, or…
The Income-tax Act 2025 is barely two weeks old, and the forms are already getting patched. On April 10, 2026, CBDT issued seven corrigendum notifications (Nos. 57 to 63/2026) correcting errors across every single ITR…
Your Foreign Remittance TCS Just Got a Lot Cheaper If your startup sponsors employees for overseas training, or if you are personally sending money abroad for education or medical treatment, April 1, 2026 brought a…
Why This Matters for Your Startup If your startup raised foreign capital before April 2017 through Mauritius, Singapore, or similar treaty jurisdictions, the ground just shifted in your favor. The CBDT has issued Notifications 54/2026…
April 1, 2026: A New Era in Indian Tax Law For the first time in 64 years, India has a new income tax statute. The Income Tax Act, 2025, which received Presidential assent on March…
