New Income Tax Act 2025 — "Tax Year" replaces Assessment Year from FY 2026-27
ITA 2025 replaces the 63-year-old Income Tax Act, 1961. "Previous Year" & "Assessment Year" unified into a single "Tax Year" — simpler filing for all taxpayers.
25+ calculators, live market data, ITA 2025 mapper, AI assistant and expert advisory — all in one platform.
ITA 2025 replaces the 63-year-old Income Tax Act, 1961. "Previous Year" & "Assessment Year" unified into a single "Tax Year" — simpler filing for all taxpayers.
SEBI has directed AMCs to clearly disclose the TER of both Direct and Regular plans on factsheets, websites, and all investor communications — helping investors make informed choices.
The GST Council has been deliberating on reducing GST on life and health insurance premiums. Currently taxed at 18%, a reduction would directly lower premium costs for crores of policyholders.
FIIs net bought Rs.38,400 crore in May 2026, driven by stable macros, RBI rate pause, and India's inclusion in JPMorgan Bond Index.
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FY 2025–26 (AY 2026–27) · Income Tax Act 2025
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Everything GST — calculate, understand rates, track filings
Input Tax Credit (ITC) allows you to deduct the GST you paid on purchases from the GST you collect on sales. You only pay the net GST (Output – Input).
Formulas, benchmarks, and plain-English explanations for 12 essential financial ratios.
Measures ability to pay short-term obligations. A ratio below 1 signals potential liquidity stress.
Stricter than current ratio — excludes inventory. Shows real short-term financial strength.
How efficiently a company generates profit from shareholders' money. Higher is better.
Measures efficiency of capital use. Should be higher than the company's cost of capital.
% of revenue that becomes profit after all expenses. Varies widely by industry.
Shows financial leverage. High D/E means more risk but also more growth potential if managed well.
How many times a company can pay its interest from operating profit. Below 1.5 is alarming.
How efficiently a company uses its assets to generate revenue. Higher ratio = better asset use.
How many times inventory is sold and replaced per year. Low ratio may signal overstocking.
How much investors pay per rupee of earnings. High P/E can mean growth expectations or overvaluation.
Compares market value to accounting value. P/B < 1 may indicate undervaluation.
Operating profitability before non-cash & financing costs. Best for cross-company comparison.
Three primary valuation methods used by investment bankers, CAs, and analysts.
Values a company based on its future free cash flows discounted back to present value. Most theoretically sound but requires accurate projections.
Values a company by comparing it to similar listed companies using market multiples. Quick, practical, and widely used in Indian markets.
Values a company based on the net value of its assets minus liabilities. Used for holding companies, real estate, and asset-heavy businesses.
Instant answers on ROC filings, MCA compliance, NCLT, SEBI, and corporate governance.
Annual return (MGT-7), financial statements filing, DIR-3 KYC, form due dates, penalties for non-compliance, and MCA21 portal guidance.
Pvt Ltd, OPC, LLP, Section 8 company formation. MOA/AOA drafting, DIN, DSC, name reservation, and SPICe+ form process.
Board meeting requirements, committee formation (Audit, NRC, CSR), director duties, related party transactions, and LODR compliance.
Insolvency and Bankruptcy Code proceedings, CIRP process, liquidation, resolution plan, financial creditor rights, and moratorium.
SEBI LODR regulations, SAST (takeover code), insider trading regulations, ICDR (IPO norms), and listing obligations.
FDI routes, FEMA compliance, ECB guidelines, overseas investment, compounding of offences, and RBI master directions.
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ITR filing, old vs new regime comparison, 80C deductions, HRA exemption, and capital gains tax — simply explained.
Utility to check Section of Income-tax Act, 1961 vis-à-vis corresponding Section of Income-tax Act, 2025
Database: 90+ key sections mapped · Effective FY 2026-27
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HRA · SIP · Lumpsum · SWP · Personal Loan · Home Loan · PPF · Sukanya Samriddhi — all in one place.
Calculate your House Rent Allowance (HRA) tax exemption under Section 10(13A) of ITA 1961 / Section 11 of ITA 2025
Estimate the future value of your Systematic Investment Plan (SIP) in mutual funds
Calculate the maturity value of a one-time lumpsum investment
Systematic Withdrawal Plan — find out how long your corpus lasts with regular monthly withdrawals
Calculate your monthly EMI, total interest, and total payment for a personal loan
Calculate home loan EMI, total interest outgo, and view year-wise amortization schedule
Public Provident Fund (PPF) — Calculate your maturity amount with annual contributions (15-year lock-in, tax-free under EEE)
Government scheme for girl child — Calculate SSY maturity amount with EEE tax benefit
Compare EMIs across different tenures for the same loan amount and rate
Everything a CA or finance professional needs — checklists, due dates, SA standards, CARO 2020
Comprehensive audit guidance for Indian professionals
Form 3CD has 44 clauses. Key clauses every CA must check:
| Clause | Description | Key Requirement |
|---|---|---|
| 9 | Books of accounts maintained | List of books + address of maintenance |
| 11 | Method of accounting | Mercantile or Cash basis |
| 12 | Profits chargeable u/s 41 | Remissions, recoveries, subsidies |
| 13 | Method of valuation of closing stock | Any change in method to be disclosed |
| 16 | Amounts debited to P&L — exempt income | Expenditure against exempt income |
| 17 | Amounts not deductible u/s 40 | Payments to non-residents without TDS |
| 17A | Amounts not deductible u/s 40A(3) | Cash payments > ₹10,000 |
| 18 | Provision for payment of gratuity | Whether approved fund or not |
| 19 | Contribution to PF / approved funds | Actual payment vs provision |
| 20 | Bonus / commission — actual payment | 43B compliance |
| 21 | Deduction u/s 43B | Taxes, PF, gratuity — paid before due date? |
| 26 | Tax deducted at source | TDS complied with on all payments? |
| 27 | Tax collected at source (TCS) | TCS collected and deposited? |
| 30 | Payments to specified persons | Related party transactions u/s 40A(2) |
| 34 | Audit under other laws | Other statutory audits conducted? |
| 36 | Speculation loss/profit | Segregation from regular business |
| 40 | TDS defaults | Short deduction, non-deduction, late payment |
| 44 | Break-up of total expenditure | Registered/unregistered GST supplier split |
Companies (Auditor's Report) Order 2020 — 21 reporting clauses:
| Clause | Topic | Key Check |
|---|---|---|
| i | Fixed Assets / PPE | Physical verification, title deeds, revaluation |
| ii | Inventory | Physical verification done by management? |
| iii | Loans to companies/firms | Compliance with Sec 185 & 186 |
| iv | Loans, investments, guarantees | Sec 185/186 compliance |
| v | Deposits accepted | RBI/Companies Act directives complied? |
| vi | Cost records | Prescribed under Sec 148(1)? |
| vii | Statutory dues | TDS, PF, ESI, GST — regular deposit? |
| viii | Unrecorded income | Any income surrendered or disclosed under IT Act? |
| ix | Default on loans | Bank/FI/Government loan repayment default? |
| x | IPO/FPO proceeds | Used for stated purpose? |
| xi | Fraud noticed | Any fraud by/on the company reported? |
| xii | Nidhi company | Net owned fund ratio, fixed deposit compliance |
| xiii | Related party transactions | Sec 177/188 compliance |
| xiv | Internal audit | Internal audit system commensurate with size? |
| xv | Non-cash transactions | Directors u/s 192 compliance |
| xvi | RBI registration | Required under RBI Act? |
| xvii | Cash losses | Cash losses in current or preceding year? |
| xviii | Resigned auditor | Any material issues reported by resigned auditor? |
| xix | Going concern | Financial ratios indicate going concern issues? |
| xx | CSR spending | Unspent CSR — transferred to specified fund? |
| xxi | Qualifications by other auditors | Consolidated — subsidiary qualifications considered? |
Schedule III format, key Ind AS standards, financial statement analysis, notes to accounts
Schedule III, Ind AS, accounting standards reference
Annual compliance calendar, form due dates, penalty chart, incorporation guide
Complete Companies Act 2013 compliance reference
| Form / Compliance | Purpose | Due Date | Applicability |
|---|---|---|---|
| MGT-7 / MGT-7A | Annual Return | 60 days from AGM (MGT-7A for small/OPC) | All companies |
| AOC-4 / AOC-4 XBRL | Financial Statements filing | 30 days from AGM | All companies |
| ADT-1 | Auditor appointment | 15 days from AGM | All companies |
| DIR-3 KYC | Director KYC | 30 September every year | All directors with DIN |
| DPT-3 | Return of deposits / loans | 30 June every year | Companies with loans/deposits |
| MSME-1 | Outstanding dues to MSME | April 30 & October 31 | Companies with MSME dues >45 days |
| MGT-14 | Filing of board resolutions | 30 days from passing | Public companies + specific matters |
| CRA-4 | Cost Audit Report filing | 30 days after Cost Audit Report | Specified industries |
| INC-20A | Commencement of business | 180 days of incorporation | Companies incorporated after 2018 |
| BEN-2 | Significant Beneficial Ownership | 30 days of receiving disclosure | All companies receiving BEN-1 |
| LLP-11 | LLP Annual Return | 60 days from year-end (May 30) | All LLPs |
| LLP-8 | LLP Statement of Accounts | 30 October every year | All LLPs |
| ACTIVE (INC-22A) | Active company tagging | One-time filing | Companies incorporated before 31 Dec 2017 |
| Default | Penalty on Company | Penalty on Officer |
|---|---|---|
| MGT-7 — late filing | ₹100/day of default | ₹100/day of default |
| AOC-4 — late filing | ₹100/day of default | ₹100/day of default |
| Non-commencement (INC-20A) | ₹50,000 | ₹1,000/day (max ₹1L) |
| DIR-3 KYC default | DIN deactivated | ₹5,000 (reactivation fee) |
| Non-disclosure (BEN) | ₹1L + ₹500/day | ₹25,000 + ₹200/day |
| Charge non-registration | ₹5L to ₹25L | ₹1L to ₹25L |
| Accepting prohibited deposits | 5× amount or ₹1 crore (higher) | Imprisonment up to 7 years |
| Non-maintenance of registers | ₹1L to ₹3L | ₹10,000 to ₹25,000 |
| Failure to hold AGM | ₹1L + ₹5,000/day | ₹1L + ₹5,000/day |
| Sec 185 loan to director | ₹5L to ₹25L | Imprisonment up to 6 months + ₹5L-₹25L |
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Expert articles on India's new Income Tax Act 2025 — what changed, what stayed, and what it means for you.
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