Tag: Income-tax Act 2025

Income Tax

Section 80-IAC Startup Tax Holiday for FY 2025-26: How DPIIT Startups Claim the 100% Three-Year Deduction, the March 31 2030 Extension, and the Section 140 Transition Under the Income-tax Act 2025

CA Adityavikram Banka

Section 80-IAC gives DPIIT-recognised startups a 100% deduction of profits for any 3 consecutive years out of 10. Eligibility, the 31 March 2030 extension, MAT and 115BAA traps, and the Section 140 transition under the Income-tax Act 2025.

Income Tax Notifications & Order IT

CBDT Compulsory Scrutiny Guidelines FY 2026-27: The Six Categories That Trigger a Section 143(2) Notice by June 30, 2026

CA Adityavikram Banka

CBDT compulsory scrutiny guidelines FY 2026-27: the six categories (CS-01 to CS-06) that trigger a Section 143(2) notice by 30 June 2026, explained for CAs and founders.

Income Tax Notifications & Order IT

Section 92CE Secondary Adjustments Under the Income-tax Act 2025: Rs 1 Crore Threshold, 90-Day Repatriation Window, and the 18 Percent Settlement Option

admin

Section 92CE of the Income-tax Act 2025 requires Indian taxpayers to repatriate excess money from overseas associated enterprises within 90 days of any primary transfer pricing adjustment exceeding Rs 1 crore, failing which deemed interest accrues at SBI 1-year MCLR plus 325 basis points. This advisory covers the Rule 10CB mechanics, Form 3CEB and Form 3CD Clause 30B disclosures, and the 18 percent settlement option for AY 2026-27 compliance.

Income Tax ITAT Notifications & Order IT

CBDT Corrigendum to Income Tax Rules 2026: Notification 64/2026 Fixes 76 Errors and Renames Rules (April 16, 2026)

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CBDT Notification 64/2026 [G.S.R. 286(E)] dated April 16, 2026 rectifies 76 errors in the Income-tax Rules, 2026. Here is what every CA firm must update in templates, cross-references, and transfer pricing working papers before filing season.