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Expert insights, industry updates, and professional advice from Sompalli & Co.
Complete guide to tax deductions available to salaried employees under the Income-tax Act, 2025. Compare Old Regime vs New Regime with updated section numbers for Tax Year 2026-27.
The Income Tax Act, 2025 has restructured the entire TDS framework. Familiar sections like 194C, 194H, 194J, and 194I have been re-numbered under the new consolidated sections 392, 393, and 394. Below is a quick-reference chart of the most commonly used TDS provisions, mapped from old to new with the latest rates and thresholds.
Ensure accurate GST reporting with key year-end reconciliations for FY 2025–26 to avoid notices, mismatches, and penalties.
Latest TDS rate chart for FY 2026–27 with section-wise rates, thresholds, and updates to ensure accurate compliance and avoid penalties.
In India, the new income tax law and rules — introduced through the Income-tax Act, 2025 — are scheduled to come into effect from 1 April 2026 (start of the financial year 2026-27). This means all substantive provisions of the new Act and the accompanying simplified rules and forms will apply for income earned on or after that date, unless any specific provisions mention a different effective date.
summary of key developments under GST for May 2025, including compliance changes, judicial rulings, and upcoming transitions
With the growing popularity of cryptocurrencies, NFTs, and other digital tokens, the Government of India has implemented a structured tax framework under the Finance Act, 2022 to regulate the taxability of Virtual Digital Assets (VDAs). This article breaks down the applicable provisions, tax rates, reporting requirements, and compliance obligations in a practical and professional manner for Chartered Accountants, Tax Professionals, and Crypto Investors.
All Types of GST Refunds in India – A Complete Guide with Sections & Rules
