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  • Income-tax Act
Income-tax Act

The Taxman Knows More Than You Think

Published On
By Sumit Ranjan Das
As tax authorities gain unprecedented visibility into financial transactions, filing a return is becoming only the beginning of compliance. For most Indians, income-tax compliance has long had a familiar rhythm. The financial year wraps up, you gather your paperwork, file...
Business 
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The Taxman Knows More Than You Think

Advance Tax Non-Compliance Can Lead to Interest Burden

Published On
By Sayli Gadakh
Many taxpayers assume that TDS is sufficient, only to discover additional tax and interest liabilities when filing their returns. In the minds of many taxpayers, income tax is something that is paid only at the time of filing the income...
Business 
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Advance Tax Non-Compliance Can Lead to Interest Burden

Tax Relief, but Tighter Compliance

Published On
By Sayli Gadakh
From FY 2026–27, taxpayers may benefit from higher rebates and revised exemptions, but they will also need to be more careful with documentation. From 1 April 2026 (FY 2026–27), India’s direct tax system will move into a new phase with...
Business 
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Tax Relief, but Tighter Compliance