Rajat

A seasoned tax professional with deep expertise in income tax and GST, offering strategic planning, compliance, and advisory services. Known for simplifying complex tax matters, delivering client-first solutions, and staying ahead of regulatory trends to ensure maximum efficiency and peace of mind.

“Section 393 of New Income Tax Act TDS Rules, Rates & Compliance Explained”

Section 393 of New Income Tax Act: TDS Rules, Rates & Compliance Explained

Income Tax /

The introduction of Section 393 under the New Income Tax Act marks a significant shift in how Tax Deducted at Source (TDS) is governed in India. While TDS has always been a core part of tax collection, the new structure aims to simplify provisions, improve compliance, and enhance transparency. This detailed guide explains every aspect […]

Section 393 of New Income Tax Act: TDS Rules, Rates & Compliance Explained Read More »

Big Tax Change Alert! Form 16 Replaced by Form 130 - Don’t File ITR Without Reading This

Big Tax Change Alert! Form 16 Replaced by Form 130 – Don’t File ITR Without Reading This

ITR Filling /

India’s tax system is steadily moving toward a more digital, transparent, and automated structure, and one of the biggest changes for salaried individuals is the introduction of Form 130 in place of Form 16. If you rely on Form 16 every year to file your Income Tax Return (ITR), this update is extremely important. In

Big Tax Change Alert! Form 16 Replaced by Form 130 – Don’t File ITR Without Reading This Read More »

Who is Required to Get Tax Audit Under Income Tax Act (Section 44AB & Limits Explained)

Who is Required to Get Tax Audit Under Income Tax Act? (Section 44AB & Limits Explained)

Tax News /

A tax audit is one of the most important compliance requirements under the Income Tax Act in India. It is not just about checking accounts—it is about ensuring that taxpayers are reporting their income correctly and following all tax laws. Many business owners, freelancers, and professionals often get confused about whether they fall under tax

Who is Required to Get Tax Audit Under Income Tax Act? (Section 44AB & Limits Explained) Read More »

Are Tax Compliance Rules Becoming Easier? A Look at the 206AB & 206CCA Withdrawal

Are Tax Compliance Rules Becoming Easier? A Look at the 206AB & 206CCA Withdrawal

Tax News /

India’s tax framework has been undergoing a steady transformation – moving from a system driven by manual enforcement and layered checks to one powered by automation, data analytics, and simplified procedures. Among the recent changes reflecting this shift is the withdrawal of Sections 206AB and 206CCA of the Income Tax Act. These sections, introduced to

Are Tax Compliance Rules Becoming Easier? A Look at the 206AB & 206CCA Withdrawal Read More »

The Shift from Form 10E to Form 39 What’s Changed, Why It Matter and Benefits for Taxpayers

The Shift from Form 10E to Form 39: What’s Changed, Why It Matter and Benefits for Taxpayers

Tax News /

India’s move from Form 10E to Form 39 marks a significant transformation in how taxpayers claim relief on arrears under Section 89(1). While earlier the process was often seen as technical and time-consuming, the new system focuses on simplicity, automation, and accessibility. Understanding Arrears Relief Under Section 89(1 Arrears refer to income received in the

The Shift from Form 10E to Form 39: What’s Changed, Why It Matter and Benefits for Taxpayers Read More »

Good News for Renters 50% HRA Exemption Expands to 8 Cities from April 2026

Good News for Renters: 50% HRA Exemption Expands to 8 Cities from April 2026

Tax Saving /

The latest amendment in the Income Tax rules, 2026 brings a welcome relief for salaried individuals living in major cities. Starting 1st April 2026, the House Rent Allowance (HRA) exemption has been extended to eight cities, offering taxpayers the opportunity to save more on taxes if they pay rent. Whether you’re a long-time renter in

Good News for Renters: 50% HRA Exemption Expands to 8 Cities from April 2026 Read More »

Why Form 12BB Was Replaced by Form 124 Key Updates You Must Know

Why Form 12BB Was Replaced by Form 124: Key Updates You Must Know

Tax News /

The Indian tax system is constantly evolving, and 2026 has brought a notable change for salaried employees and taxpayers: Form 12BB, which has been the standard for claiming tax exemptions on salary, has now been replaced by Form 124. This change is more than just a renaming—it comes with updated sections, new reporting requirements, and

Why Form 12BB Was Replaced by Form 124: Key Updates You Must Know Read More »

Form 16A Transformed Why Form 131 Matters in 2026

Form 16A Transformed: Why Form 131 Matters in 2026

Tax Filing /

Every tax season brings its share of updates, but the 2026 shift from Form 16A to Form 131 is particularly significant. For taxpayers, business owners, and financial professionals, understanding this change is essential to ensure compliance, avoid penalties, and streamline TDS (Tax Deducted at Source) management. This detailed guide breaks down everything you need to

Form 16A Transformed: Why Form 131 Matters in 2026 Read More »

Form 16 is Now Form 130 – How Employers and Employees Should Prepare

Form 16 is Now Form 130 – How Employers and Employees Should Prepare

Tax News /

In a major development in India’s tax system, Form 16, the annual certificate of tax deducted at source (TDS) on salary, has been replaced by Form 130. While the purpose of the form remains the same—to provide a summary of an employee’s income and tax deductions—Form 130 introduces a more structured format, greater clarity, and

Form 16 is Now Form 130 – How Employers and Employees Should Prepare Read More »

Tax Filing 2026 ITR-1, ITR-2, and Audit Deadlines Explained

Tax Filing 2026: ITR-1, ITR-2, and Audit Deadlines Explained

Tax Filing /

Tax season can be a stressful time for individuals, businesses, and professionals. However, understanding the Income Tax Return (ITR) filing deadlines and tax audit requirements can save you from hefty penalties, legal issues, and last-minute confusion. For Financial Year (FY) 2025-26, the government has kept the deadlines unchanged: ITR-1 and ITR-2 are due 31st July

Tax Filing 2026: ITR-1, ITR-2, and Audit Deadlines Explained Read More »