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Tax Planning Articles

In-depth tax guides, regulatory compliance breakdowns, and strategic financial advice curated by SmartAITax professionals.

The New Income Tax Act 2025: Everything You Need to Know

India’s biggest tax overhaul in 60 years is here. The Income Tax Act, 2025 replaces the 1961 Act with a simplified, modern framework effective April 1, 2026. Learn about the unified Tax Year concept, streamlined structure, new digital asset rules, and what it means for your tax filings.

Old vs New Tax Regime: The Definitive Comparison for FY 2026-27

Still confused about which tax regime to choose? With income up to ₹12.75 lakh effectively tax-free under the new regime, the math has shifted dramatically. We break down the numbers, exemptions, and scenarios to help you make the right call for FY 2026-27.

10 Smart Tax Planning Strategies for FY 2026-27 Under the New Income Tax Act

The new Income Tax Act changes the game for tax planning. From the enhanced Section 156 (87A) rebate to the revised allowance limits, here are 10 actionable strategies to legally minimise your tax liability in FY 2026-27.

Taxation of Virtual Digital Assets (Crypto, NFTs) Under the New Income Tax Act 2025

The new Income Tax Act 2025 brings clearer definitions and stricter enforcement for crypto and NFT taxation. With a flat 30% tax rate, no loss set-off, and 1% TDS under Section 393 — here’s everything crypto investors in India need to know to stay compliant. FAST-DS applies only to foreign crypto assets held abroad by individuals.

TDS Compliance Guide 2026: Rates, Deadlines & New Rules Under Income Tax Act 2025

TDS rules have been restructured under the Income Tax Act 2025 with new section numbers, updated thresholds, and stricter enforcement. This comprehensive guide covers TDS rates, deadlines, NIL-TDS certificates under Section 247, and Form 15CB requirements for foreign remittances.