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30/06/2026

Record collection on gst

30/06/2026

New Eway bill functionality deadlines increased to 1st Aug,2026

30/06/2026

DPT-3 deadline increases

30/06/2026

GSTATE appeal portal not
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28/06/2026

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28/06/2026

Why Income Tax return Filing is Mandatory Penalty of 5000 for non-filer

03/06/2026

🚨 Important GST Update for Businesses & Transporters!

The E-Way Bill system has introduced important changes that every business owner, accountant, transporter, and GST practitioner must know.

In this video, we explain:
✅ Mandatory "Ship To" GSTIN requirement
✅ How to enter URP (Unregistered Person) correctly
✅ New E-Way Bill Closure feature
✅ Penalties for non-compliance under GST rules
✅ Practical impact on businesses and transporters

If you generate E-Way Bills regularly, these updates can help you avoid compliance issues and unnecessary penalties.

📌 Watch till the end to understand the latest E-Way Bill changes in simple Hindi.

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01/02/2026

Budget updates 2026

01/02/2026

*Budget 2026 – Taxation Highlights (Part B)*

Key Direct Tax Proposals at a Glance

1. New Income Tax Law & Compliance
• A New Income Tax Act, 2025 will replace the existing law with effect from 1 April 2026.
• Simplified and redesigned return forms to improve ease of filing.
• Form 15G / 15H submission process streamlined.
• Revised return filing window extended up to March (earlier December).
• Return filing due dates:
• Individuals / HUFs – 31 July
• Trusts & others – 31 August

2. Direct Tax Relief & Rationalisation
• Interest on motor accident compensation made fully tax-exempt.
• TCS rates reduced:
• Foreign tour packages – 2%
• Education under LRS – reduced from 5% to 2%
• TDS simplification measures:
• Easier process for Lower/Nil TDS certificates.
• NRI property purchases – TDS can be deducted using PAN (no TAN required).
• Manpower services brought under TDS at 1% / 2%.

3. Disclosure & Compliance Measures
• Overseas Income & Asset Disclosure Scheme:
• Up to ₹1 crore – 30% tax + 30% additional tax
• Up to ₹5 crore – ₹1 lakh fixed fee
• Updated return allowed even if reassessment proceedings have started
(with 100% additional tax).
• Stricter action proposed for non-disclosure of foreign assets.

4. Appeals, Penalties & Prosecution
• Interest provisions on appeals clarified.
• Pre-deposit for stay of demand reduced from 20% to 10%.
• Penalty reforms:
• Penalties for Tax Audit & Transfer Pricing Audit to be converted into fixed fees.
• Prosecution relief:
• No prosecution for non-production of books or non-payment of TDS.
• Maximum imprisonment under the Income-tax Act reduced to 2 years.

5. Sectoral & Investment Incentives
• Co-operatives: Exemption extended to cotton seed and cattle feed.
• Global investment push:
• Tax holiday till 2047 for foreign companies providing data centre services.
• Safe Harbour margin fixed at 15%.

6. Corporate & International Tax Changes
• Ind AS to be aligned with ICDS for disclosure consistency.
• Buy-back of shares:
• Capital gains for minority shareholders to be taxed as LTCG / STCG.
• STT increased on options trading.
• MAT reforms:
• MAT credit carry-forward allowed up to 25% of tax liability under the new regime.
• MAT not applicable from 1 April 2026 under the new regime.
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