Budget 2026 – Income-tax Proposals Income Tax Act, 2025, to come into effect from 1 April 2026 Union Budget 2026 Tax Highlights bring several significant changes for taxpayers, businesses, professionals, investors and multinational enterprises. The budget introduces the Income …
Introduction The inverted duty structure refund has become one of the most important GST issues for manufacturers following GST 2.0 rate rationalisation. When GST paid on inputs exceeds GST payable on outputs, businesses accumulate Input Tax Credit (ITC) that cannot …
Inverted Duty Structure (IDS) Refunds Under GST 2.0 – A Relief Path for Businesses Read more »
I.Section 44ADA Eligibility is one of the most misunderstood areas of income tax compliance. Every tax filing season, professionals and service providers incorrectly opt for Section 44ADA without verifying whether they are eligible under Section 44AA(1) of the Income-tax Act, …
Why Blindly Opting for Section 44ADA Can Land You in Trouble Read more »
