Tag: Tax Year 2026-27

Income Tax Notifications & Order IT

CBDT FAQ Deep-Dive Series #8: Scientific Research and R&D Deduction Moves From Section 35 of the 1961 Act to Section 45 of the Income-tax Act 2025

CA Adityavikram Banka

Scientific research and R&D deduction moves from Section 35 of the 1961 Act to Section 45 of the Income-tax Act 2025 from FY 2026-27. Weighted deductions end; here is the verified mapping and checklist.

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 99-Page FAQ on Income-tax Act 2025 Transition: How Section 536 Saving Clause Protects Pre-April 1, 2026 Income, Pending Assessments, Loss Carry-Forward, and TDS Compliance

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CBDT releases 99-page FAQ on the Income-tax Act 2025 transition. Section 536 saving clause preserves pre-April 1 2026 income, pending Section 148 reassessment, CIT(A)/ITAT appeals, loss carry-forward, and 80G/12A approvals. 10-step CA compliance checklist.