TCS on Foreign Remittances Slashed to 2% from April 1, 2026: What the New LRS Rates Mean for You

What Changed: TCS on Foreign Remittances Rationalized The Finance Bill 2026, effective April 1, 2026, has rationalized Tax Collected at Source (TCS) rates on foreign remittances under the Liberalised Remittance … Read More

CBDT Shields Pre-2017 Investments from GAAR: What Notifications 54 and 55 of 2026 Mean for Foreign Investors

The Central Board of Direct Taxes (CBDT) has issued two landmark notifications on March 31, 2026, that directly address the anxiety caused by the Supreme Court’s Tiger Global judgment in … Read More

New Income Tax Act 2025 Takes Effect April 1, 2026: What Every Taxpayer, CA, and Startup Founder Must Know

The Income-tax Act, 2025 will replace the six-decade-old Income-tax Act, 1961 with effect from April 1, 2026. This is the most significant overhaul of India’s direct tax framework in over … Read More

CBDT Brings Crypto-Assets and Digital Currency Under Income Tax Reporting Framework: Key Changes Explained

The Central Board of Direct Taxes (CBDT) has issued Notification No. 19/2026 (G.S.R. 158(E)) dated March 5, 2026, introducing significant amendments to the Income-tax Rules, 1962. The notification amends Rules … Read More