Month: February 2026

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 […]