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.

From Four to Eight Income Tax Rules Expand Recognized Metro Cities for HRA

From Four to Eight: Income Tax Rules Expand Recognized Metro Cities for HRA

Income Tax /

In a landmark update for salaried taxpayers, the Income Tax Rules have expanded the list of recognized metropolitan cities for the purpose of calculating House Rent Allowance (HRA) exemption. What was previously limited to four traditional metro cities has now been broadened to eight – bringing substantial tax relief to employees residing in India’s rapidly […]

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Buying or Selling a Car Under ₹5 Lakh PAN May Not Be Mandatory

Buying or Selling a Car Under ₹5 Lakh? PAN May Not Be Mandatory

Tax News /

In a major relief for small-ticket vehicle transactions, the government has proposed removing the mandatory requirement to quote a Permanent Account Number (PAN) for buying or selling motor vehicles valued below ₹5 lakh. If the draft income-tax rules are finalized, this change could significantly simplify the process for millions of buyers and sellers in India’s

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From ₹50,000 to ₹1 Lakh How PAN Rules Are Set to Change in 2026

From ₹50,000 to ₹1 Lakh: How PAN Rules Are Set to Change in 2026

Tax News /

India’s tax compliance environment may soon become significantly more practical and proportionate. The Central Board of Direct Taxes (CBDT), through the draft Income-tax Rules, 2026, has proposed revising several PAN reporting thresholds that have long been considered outdated. If approved, these revised rules will take effect from April 2026, reducing compliance burdens for individuals, small

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Goodbye Form 13, Hello Form 128 Key Changes Taxpayers Must Know

Goodbye Form 13, Hello Form 128: Key Changes Taxpayers Must Know

Tax News /

The compliance framework for obtaining a Nil or Lower TDS (Tax Deducted at Source) Certificate has undergone an important transformation with the introduction of Form 128 under the Income-tax Act, 2025. This new form replaces the earlier Form 13, bringing with it structural simplifications, reduced documentation requirements, and a more focused data submission process. For

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Securities Transaction Tax (STT) on Futures and Options A Detailed Analysis

Securities Transaction Tax (STT) on Futures and Options: A Detailed Analysis

Tax News /

The Indian capital market has witnessed exponential growth in the derivatives segment, particularly Futures and Options (F&O). With rising participation from retail traders, institutional investors, and foreign portfolio investors, regulatory oversight and taxation have become increasingly important. One such levy is the Securities Transaction Tax (STT), which directly affects every derivatives trader operating on recognized

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Service Accounting Codes (SAC) and Its Relevance Under GST A Detailed Analysis

Service Accounting Codes (SAC) and Its Relevance Under GST? – A Detailed Analysis

GST /

The United Nations Statistical Division (i.e.; UNSD) developed the UN Central Product Classification (i.e.; UN-CPC), and based on this, the Central Board of Indirect Taxes and Customs (i.e., CBIC) developed the SAC codes with some modification in the Indian context. What is Service Accounting Code (SAC)? The term SAC stands for Service Accounting Code. We

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