Knowledge
Notes on what changed,
and what to do about it.
Short pieces on the Income-tax Act, 2025 transition and other changes that reach into how a business actually files. Written for people who run companies, not for people who read statutes for a living.
FCNR(B): the concessional window now closes on 31 August
The RBI has brought the deadline forward by a month. What an FCNR(B) deposit is, what the special facility did, and who needs to move.
Read this →The Income-tax Act, 2025: what actually changed
The 1961 Act was repealed on 1 April 2026. Rates did not move. Almost everything else about how the law is written and numbered did.
Read this →Tax Year replaces Assessment Year
The most confusing pair of words in Indian tax is gone. What that means in practice, and what it does not mean.
Read this →TDS and TCS under the new Act: new sections, new forms
Withholding provisions carried over in substance. The section numbers and the certificate forms did not.
Read this →Something here touching a live matter?
These notes are general. Your facts are not. Write to us with the specifics and we will tell you what applies.