Form 145 & 146 for Non-Resident Payments (2026)
Introduction Cross-border payments are a critical area of compliance under Indian tax law. For years, taxpayers relied on Form 15CA and Form 15CB under the Income-tax Act, 1961 to declare and certify remittances made to non-residents. These forms ensured transparency, proper deduction of tax at source (TDS), and compliance with DTAA provisions. With the Income-tax […]
TDS Payment FY 2026-27: New Section Codes
Introduction From FY i.e. TY 2026-27, the landscape of Tax Deducted at Source (TDS) compliance has undergone a major update with the introduction of new section codes. These codes are now mandatory for deductors to select while making TDS payments, ensuring precise categorization of transactions and improved reconciliation with returns. The change is aimed at […]
Rule 14A – CGST Rules, 2017, a Simplified GST Registration Scheme
In pursuance of Rule 14A of the Central Goods and Services Tax (CGST) Rules, 2017, a Simplified GST Registration Scheme has been introduced in Nov 2025 to reduce the compliance burden and enhance the ease of doing business for small taxpayers. As per Rule 14A (Option for taxpayers having a monthly output tax liability below […]
ITR 1 to 4 Changes for FY 2025-26 (AY 2026-27)- applicable for Individuals and HUFs
The Income Tax Return (ITR) forms for AY 2026-27 have been significantly revised by the Central Board of Direct Taxes (CBDT). These changes are not just cosmetic; they reflect deeper compliance requirements, expanded disclosure norms, and alignment with evolving tax provisions. In this blog, we’ll explore the updates in ITR 1, ITR 2, ITR 3, […]