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Self-Assessment Tax Payment and MAT/AMT Credit under the Income-tax Act, 2025

Introduction With the transition to the Income-tax Act, 2025, taxpayers must clearly understand how self-assessment tax payments and carried forward MAT/AMT credits will be treated. While the new law introduces structural and terminological changes, the fundamental principles governing tax payments and credit availability continue largely unchanged. The key lies in understanding how the transition between …

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Advance Tax Payment under the Income-tax Act, 2025: What Taxpayers Need to Know

Introduction The introduction of the Income-tax Act, 2025 brings structural clarity and simplification across various provisions, including advance tax. While there are no major policy changes in the concept or applicability of advance tax, the provisions have been reorganized and simplified to improve readability and ease of compliance. The intent is to make it easier …

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TDS Provisions and TDS Payments under the Income-tax Act, 2025

Introduction The introduction of the Income-tax Act, 2025 has brought a significant structural change in the way tax laws are presented in India. However, when it comes to Tax Deducted at Source (TDS) and tax payment mechanisms, the government has ensured continuity. The objective is not to change the compliance framework but to simplify and …

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Income-tax Act 2025 Updates: How Old and New Tax Laws Will Work Together

Introduction Let’s start with another blog on the new Income-tax Act, 2025, where we bring you the latest updates and practical insights on what is being introduced under the new law. Our aim is to cover each aspect in a simple and structured manner so that taxpayers get sufficient time to understand, plan, and implement …

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PRARAMBH 2026: A New Era in Indian Taxation under the Income-tax Act, 2025

The Indian tax is making historic transformation. With the rollout of PRARAMBH 2026, the Income Tax Department has launched a nationwide awareness campaign to introduce taxpayers to the Income-tax Act, 2025, which will come into effect from 1st April 2026. This initiative marks not just a change in legislation, but a shift in mindset, administration, …

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Fast Track GST Registration under Rule 14A – Complete Guide for Small Taxpayers in India

With continuous reforms in the GST system, the government has introduced simplified processes to make compliance easier for small businesses. One such important step is the introduction of Rule 14A, which provides a fast-track GST registration option for taxpayers with limited monthly tax liability. This article explains Rule 14A in simple terms, including eligibility, process, …

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Set-Off of Losses Under Section 71 Key Income Tax Rules and Year-End Tax Planning Tips for Investors

Tax planning becomes extremely important as the financial year approaches its end. Many taxpayers review their investments, business income, and other financial activities to reduce their overall tax liability. One of the most important provisions available under the Income Tax Act, 1961 for tax optimization is the set-off of losses against income under different heads. …

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