CA Alka Gupta

India’s tax system has undergone a major overhaul after more than 60 years, with the introduction of the Income Tax Act, 2025 and Income Tax Rules, 2026. While tax rates remain broadly similar, TDS provisions, forms, and reporting systems have been significantly restructured. The transition to the Income Tax Act, 2025, effective from April 1, 2026, brings a structural overhaul to the TDS/Tax compliance landscape in India. 1. Critical Procedural Changes under TDS and Form 26AS Simplified Tax...

The Ministry of Corporate Affairs (MCA) has introduced a significant relief measure through General Circular No. 01/2026 dated 24 February 2026, announcing the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026). This scheme offers a one-time opportunity for companies that have defaulted in filing statutory documents such as annual returns and financial statements. Background of the Scheme : Under Section 92 and Section 137 of the Companies Act, 2013, every company must file: Annual...

In the Union Budget 2026, Finance Minister Nirmala Sitharaman introduced a landmark initiative aimed at strengthening women-led enterprises and deepening economic inclusion—SHE Marts (Self-Help Entrepreneur Marts). This new policy marks a purposeful shift from traditional credit-linked livelihood support to enterprise ownership and market access for women, particularly those associated with self-help groups (SHGs). What Are SHE Marts? The initiative builds on the success of the Lakhpati Didi...