Year: 2026

Millions of Non-Resident Indians (NRIs) continue to earn income from India through properties, investments, bank deposits, capital gains, and other sources. While living abroad may change your residential status, it does not eliminate your tax responsibilities in India. Many NRIs assume that since tax has already been deducted at source (TDS), there is no need […]

Purchasing a property is one of the biggest financial decisions you’ll make—and with the introduction of the Income Tax Act, 2025, there’s an important compliance update every buyer must understand. If you’ve heard about Form 26QB, it’s time to update your knowledge—because it has now been replaced by Form 141, along with a change in […]

📢 On 21 November 2025, the Government of India notified the new Labour Codes — and one critical shift stands out: 🔶 Full & Final (FnF) settlement must be completed within 2 working days (48 hours) of the employee’s last working day — Whether separation is due to resignation, termination, retrenchment, or closure. This marks […]

📅 Dated: 21 February 2026 The GSTN has introduced a new online functionality allowing eligible taxpayers to withdraw from the option availed under Rule 14A of the CGST Rules by filing Form GST REG-32 on the GST Portal. Here’s what you need to know 👇 ✅ Who Can Apply? * Active taxpayers registered under Rule […]

No TCS on Scrap? Decode Section 206C(1A), Form 27C & Section 394 of the Income Tax Act, 2025 In the world of Tax Collected at Source (TCS), businesses often focus on rates and deposits. However, the real compliance opportunity lies in the exemption mechanism under Section 206C(1A) of the Income-tax Act, 1961. For manufacturers and […]

By Corporate Genie – Turning Compliance into Growth India’s food story is not just about flavors — it’s about millions of micro-entrepreneurs working from small units, home kitchens, rural clusters, and family-run businesses. To empower these entrepreneurs and bring them into the formal economy, the Government of India launched the Pradhan Mantri Formalisation of Micro […]

Redefining the Tax Audit Framework – Structural Changes & Professional Impact for CAs The Draft Form No. 26, prescribed under Section 63 of the Income-tax Act, 2025, replaces the existing Forms 3CA/3CB and 3CD. This is not a mere consolidation — it marks a decisive shift from clause-based disclosure reporting to structured, computation-driven, and system-aligned […]

If you’re an NRI planning to sell property in India, Budget 2026 brings a big compliance relief for you and buyers. 👉 What’s changed? Earlier, when a resident buyer purchased property from an NRI, they were required to obtain a TAN just to deduct TDS. This caused delays and confusion. ✅ Budget 2026 fixes this […]

The Finance Bill, 2026 has introduced significant changes to due dates for Income Tax Return (ITR) filing — aimed at improving compliance and easing timelines for taxpayers. 📌 Key Proposed Deadlines (Assessment Year 2026–27): 💠 Original Return Filing * Individuals & HUFs (ITR-1 & ITR-2) — 31 July (unchanged) * Non-Audit Business Cases & Trusts […]

The Union Budget 2026–27, presented by Hon’ble Finance Minister Smt. Nirmala Sitharaman, has introduced significant reforms to the Minimum Alternate Tax (MAT) regime — aimed at simplifying corporate tax compliance and encouraging businesses to migrate to the new tax regime. 🔎 Key MAT Proposals in Budget 2026: • MAT rate reduced to 14% (from existing […]