Advance Tax under the Income Tax Act, 2025: Who Must Pay, Instalment Dates, and Interest Implications   The concept of advance tax is often described as the “pay-as-you-earn” principle of taxation. Instead of waiting until the end of the year to pay taxes in one lump sum, taxpayers are required to pay tax in instalments…

Compliance Calendar for March’2026   INCOME TAX –  07th March 2026- Due date for deposit of Tax deducted and collected for the month of February 2026. –  14th March 2026- Due date for issue of TDS certificates for February 2026 u/s 194IA, 194IB & 194M and u/s 194S (by specified persons). –  15th March 2026-…

GST Show Cause Notice Cannot Club Multiple Years: A Big Relief from Bombay High Court   Tax litigation often begins with a simple document called a Show Cause Notice (SCN). But sometimes that notice itself becomes the biggest legal controversy. A recent judgment of the Bombay High Court (Nagpur Bench) has delivered an important ruling…

Draft Income-tax Rules, 2026: Salary Taxation Finally Gets an Inflation Reality Check   Every Budget season, salaried taxpayers wait for relief. And every year, relief mostly comes in speeches, not in salary slips. But the Draft Income-tax Rules, 2026 appear to be trying something different. Instead of changing tax rates or creating flashy deductions, the…

Section 13(2)(e) Not Same as Deemed Dividend Law: ITAT Delhi Clarifies Rules for Trust Investments in Group Companies     In an important ruling for charitable trusts and societies, the Delhi Bench of the Income Tax Appellate Tribunal has clarified that investment by a charitable institution in shares of a company cannot be treated as…