Failure to get the Accounts audited under section 63 of the Income Tax Act 2025
In the Finance Bill 2026, emphasis has been placed on converting penalties into graded fee. In this context, section 446...
Union Budget 2026
On 1st February 2026, the Union Finance Minister has presented the Finance Bill 2026 in the Parliament. In the Finance...
Amendment in the Definition of Small Companies
On 1st December 2025, the Ministry of Corporate Affairs (MCA) has amended the definition of Small Companies as per the...
Insertion of Rule 3C and Rule 3D in the Income tax rules 1962
On 18th August 2025, the CBDT has released the Notification No. 133/2025 in which there are certain amendments in the...
Government of India notifies Income Tax Act 2025
The Income Tax Act 2025 has received the President’s assent on 21st August 2025. The act will be effective from...