The release of the draft Income Tax Rules, 2026 has brought an unexpected twist to India’s tax reform journey. While the new rules aim to operationalise the New Income Tax Act, 2025 from April 1, 2026 and significantly simplify compliance, several provisions have quietly restored relevance to the old tax…
Tag: #TaxPlanning
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ITR Filing Deadline 2025 Nears: Will Govt Extend the Date?
With less than 24 hours left before the Income Tax Return (ITR) filing deadline for AY 2025–26, taxpayers across India are racing against time. The Central Board of Direct Taxes (CBDT) had already extended the original due date of July 31 to September 15, 2025. Now, many are speculating whether…
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How High Earners Save Lakhs While Middle Class Pays More
High-income professionals in India are increasingly leaving traditional salaried roles to become independent consultants, not just for flexibility but also to legally save lakhs in taxes. According to CA and educator Meenal Goel, the move is driven by major tax benefits available to consultants that salaried employees often miss out…