The Income-tax Act, 2025 is here — what actually changes for you
The 1961 Act has been replaced from 1 April 2026. Rates are the same, but the language, the section numbers and some forms are not. Here is what to know.
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Insights
Tax, GST and audit — explained plainly.
What changed, what it means for you, and what to do next — written by the people who do the filing.
Income Tax
Income Tax
Old or new regime for 2026-27? Run the numbers, not the rule of thumb
With no tax up to ₹12.75 lakh for salaried people in the new regime, fewer taxpayers gain from the old one. Two worked examples show where the line falls.
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TDS under sections 392 and 393 — a checklist for your accounts team
From 1 April 2026 the 194-series is gone. Rates are largely the same, but section codes are not — and returns using old codes are rejected.
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HRA — four more cities get the 50% limit from 2026-27
Bengaluru, Hyderabad, Pune and Ahmedabad now count as metros for HRA. If you rent there and use the old regime, more of your HRA is tax-free.
Read articleCapital Gains
Selling property in 2026? 12.5% flat, or 20% with indexation — whichever is lower
For land or buildings bought before 23 July 2024, resident individuals and HUFs can still use indexation. Which option wins depends mostly on how long you have held the property.
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Advance tax for 2026-27 — the four dates, and what missing one costs
If your tax after TDS will be ₹10,000 or more, pay it through the year. Here are the dates, who is exempt, and how the interest adds up if you do not.
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GSTR-9 and 9C for FY 2025-26 — a checklist before 31 December
The annual return is where mismatches from the whole year surface. Reconcile these areas first and the filing — and any notice after it — becomes routine.
Read articleAudit
What a bank's stock auditor actually checks — and how borrowers can prepare
From 25 years of stock audits for public sector banks: the ten things we verify at a borrower's premises, and the habits that make the audit quick and clean.
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