Insights
Notes on tax, audit and regulatory change.
3 articles
15 April 2026Direct Tax
The Income-tax Act, 2025: what changed on 1 April 2026
The 1961 Act is repealed. Tax audit is section 63, reported in Form 26 under Rule 47 — and every period up to 31 March 2026 still runs under the old law.
2 July 2026Direct Tax
Two calendars, not one: quarterly TDS statements and the TCS Form 27EQ
Deduction statements are due at the end of the month following the quarter, and 31 May for the last one. Collection statements are due on the fifteenth. Treating them as one calendar costs a fee for every day of delay.
20 July 2026GST
GSTR-2B against the books: reconciling monthly instead of annually
Why the annual return is the wrong place to discover a credit mismatch, and what a monthly reconciliation should cover.