Budget 2026: New tax slabs for salaried individuals, NRIs and foreign companies — see what changed
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Is 44ADA Dead? What has changed in new income tax act for the good old 44ADA - What Section 58 (Income Tax Act 2025) Really Means for Freelancers If you’re a freelancer, consultant, creator, designer, coach, CA, lawyer- you’ve probably loved 44ADA. Declare 50%. Skip complicated expense tracking. Avoid audit stress (mostly). Life was simple. But from April 1, 2026, things shift under the Income Tax Act, 2025. 44ADA becomes Section 58. […]
Professional Tax Registration for Freelancers & Self-Employed: Complete Guide (India) - If you are a freelancer, consultant, or self-employed professional, Professional Tax (PT) is one of the most commonly missed state compliances. With state departments actively issuing notices in recent years, Professional Tax Registration has become a must-check compliance item for independent professionals across India. This article explains who needs Professional Tax registration, why it is mandatory, and how freelancers can stay compliant […]
How to File ITR if You Have Both Salary and Freelance Income - In today’s economy, many professionals are no longer dependent on a 9-to-5 job. You’re not alone if you’re working full-time but also doing freelance work, like consulting, content writing, design, coding, or teaching. But come tax season, things get tricky: Which ITR form should you choose? How do you report both types of income correctly? […]
Foreign Companies in India
Supreme Court Tiger Global Ruling: GAAR Overrides TRC & Treaty Protection - There is a lot of talk going around with tiger global ruling. India’s Supreme Court has delivered a landmark tax judgment that will significantly impact foreign investors, venture capital funds, and offshore holding structures. In its ruling dated 15 January 2026, the Supreme Court of India held Tiger Global Management liable to pay capital gains tax in India on its USD 1.6 billion Flipkart exit (2018)-despite […]- Transfer Pricing Compliance for Foreign Subsidiary in India: Complete Guide for 2025 - Introduction As India becomes a key market for global businesses, many multinational enterprises (MNEs) set up foreign subsidiaries in the country. However, when these subsidiaries engage in transactions with their parent company or other related entities abroad, Transfer Pricing (TP) regulations under Indian Income Tax Law come into play. Failure to comply with TP rules […]
Adding Foreign Directors and Shareholders to an Indian Company: A Complete Guide - Foreign investment in Indian companies continues to grow as India strengthens its position in the global economy. Understanding the regulatory framework is essential for businesses looking to add international expertise and capital through foreign directors and shareholders. This guide outlines the process, requirements, and considerations. Legal Framework for Foreign Participation Foreign Directors The Companies Act, […]
Freelancers & Self-Employed
- Is 44ADA Dead? What has changed in new income tax act for the good old 44ADA - What Section 58 (Income Tax Act 2025) Really Means for Freelancers If you’re a freelancer, consultant, creator, designer, coach, CA, lawyer- you’ve probably loved 44ADA. Declare 50%. Skip complicated expense tracking. Avoid audit stress (mostly). Life was simple. But from April 1, 2026, things shift under the Income Tax Act, 2025. 44ADA becomes Section 58. […]
- Professional Tax Registration for Freelancers & Self-Employed: Complete Guide (India) - If you are a freelancer, consultant, or self-employed professional, Professional Tax (PT) is one of the most commonly missed state compliances. With state departments actively issuing notices in recent years, Professional Tax Registration has become a must-check compliance item for independent professionals across India. This article explains who needs Professional Tax registration, why it is mandatory, and how freelancers can stay compliant […]
- How to File ITR if You Have Both Salary and Freelance Income - In today’s economy, many professionals are no longer dependent on a 9-to-5 job. You’re not alone if you’re working full-time but also doing freelance work, like consulting, content writing, design, coding, or teaching. But come tax season, things get tricky: Which ITR form should you choose? How do you report both types of income correctly? […]
Income Tax Return
- Income Tax Refund on TDS: When and How You Can Get It (With ITR Types Explained) - Each year, many salaried individuals, freelancers, small business owners, and even senior citizens receive an income tax refund after filing their ITR. This refund is primarily due to excess TDS (Tax Deducted at Source) being collected by banks, employers, or clients during the year. If your actual tax liability is lower than the TDS deducted, […]
- How to E-Verify Income Tax Return for FY 2024-25 (AY 2025-26) - Filing your Income Tax Return (ITR) is only half the job done. To complete the process, you must e-verify your return within 30 days of submission. Without verification, your ITR is not valid—which can lead to penalties or even a notice from the Income Tax Department. In this blog, we’ll show you how to e-verify […]
- Common ITR Filing Mistakes That Trigger Income Tax Notices – With Real-Life Examples - Filing your Income Tax Return (ITR) is not just about declaring income—it’s about declaring it correctly. Many taxpayers, including salaried individuals, freelancers, and property owners, receive notices from the Income Tax Department because of small but costly errors in their returns. In this blog, we’ll explore the most common ITR mistakes, explain how they trigger […]
NRI Taxation & Compliance
Form 145 & Form 146 (Earlier Form 15CA & 15CB): Complete Guide for Bank Remittance (2026) - If your bank has asked you to submit Form 145 and Form 146, you’re likely trying to send money abroad or transfer funds from your NRO to NRE account. Form 145 and Form 146 are the mandatory requirements if you are sending money from India to a foreign country or if you are transferring money […]
NRO to NRE Transfer for NRIs in Australia & New Zealand – Form 15CA & 15CB - Transfer from NRO to NRE account is a repatriation of funds within India, not a foreign remittance. However, banks require Form 15CA and Form 15CB to confirm that applicable Indian taxes have been paid. This requirement applies to NRIs residing in Australia or New Zealand when Indian-sourced income is moved from NRO to NRE. Why […]
Received a Notice for Not Disclosing Foreign Assets in Your Recent ITR? Here’s What to Do - Many taxpayers are receiving income tax notices after filing their recent Income Tax Return (ITR), mentioning non-disclosure of foreign assets or foreign income. If you’ve received such a notice, the first thing to remember is: Don’t panic.In most cases, this is a compliance issue, not a serious offence — and it can be handled properly if you […]