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 the enforcement of the Income-tax Act, 2025 and the Income-tax Rules, 2026. From a chartered accountant’s perspective, the intent behind these changes is clear: to make tax laws easier to understand, reduce procedural complexity, and improve compliance. For the...

Conflict-driven inflation acts like a silent tax, quietly reducing the purchasing power of every Indian household. When conflicts erupt across the globe, most Indians follow the news for geopolitical updates. But the real impact is felt much closer to home — in rising petrol prices, costlier groceries and shrinking monthly savings. This is conflict-driven inflation, a silent tax that affects every household without any official announcement. India imports more than 85 per cent of its crude...

By collecting tax at the point where income is generated, TDS reduces dependence on year-end filings and strengthens the tax system. Tax Deducted at Source (TDS) has quietly transformed the way India collects taxes. Once seen mainly as a compliance requirement, it has become a key instrument of fiscal discipline and transparency. By collecting tax at the point where income is generated, TDS reduces dependence on year-end filings and strengthens the tax system. Governed by the Income-tax Act,...