GST Year-End Compliance FY 2025–26: Key Reconciliations Every Business Must Review
Ensure accurate GST reporting with key year-end reconciliations for FY 2025–26 to avoid notices, mismatches, and penalties.
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Expert insights, industry updates, and professional advice from Sompalli & Co.
Most Used TDS Sections — 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.
04
Apr
04
Apr
TDS Rate Chart for FY 2026–27 (AY 2027–28): Section-wise Rates, Limits & Latest Updates
Latest TDS rate chart for FY 2026–27 with section-wise rates, thresholds, and updates to ensure accurate compliance and avoid penalties.
08
Feb
New Income Tax Rules
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.
12
Jun
GST Updates – May 2025 Digest
summary of key developments under GST for May 2025, including compliance changes, judicial rulings, and upcoming transitions
12
Jun
12
Jun
Taxation of Virtual Digital Assets (VDA) in India
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.
24
May
Complete Guide: GST Refund for Software Services Export in India
All Types of GST Refunds in India – A Complete Guide with Sections & Rules
23
May
TDS Rate Chart for FY 2025-26 (Assessment Year 2026-27)
Effective from 1st April 2025 Key Changes in TDS for FY 2025-26