Changes in TDS/TCS under New Income Tax Act 2025

Responsive Income Tax Article   The Structural Transformation in TDS/TCS Compliance Under New Income Tax Act, 2025 “The Income-tax Act, 2025, fundamentally restructures TDS and TCS, replacing numerous old sections with a comprehensive table-based system under Section 393. This represents a complete overhaul, not just refinement. From change of section and rules to forms will […]
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ITC Reversal of Capital Goods 2025

ITC Reversal of Capital Goods 2025 Scope The determination of input tax credit (ITC) on capital goods used partly for taxable supplies and partly for exempt supplies remains one of the more intricate compliance areas under the GST framework. Unlike input goods and input services, capital goods involve long-term usage and attribution over their useful […]
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Does Your Company Qualify as a Small Company Under MCA?

Is your company now qualifying as a “Small Company” under the revised MCA limits? Expanded Eligibility: Companies with paid-up capital up to ₹10 crore and turnover up to ₹100 crore can now access small company benefits. Lower Compliance Burden: Significant relaxations in board meetings, filings, audit requirements, CSR, and penalties. Cost & Time Efficiency: Reduced […]
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New Labour Codes: Simplified

New Labour Laws Simplified: 2025 Four major Codes now replace 29 labour laws, creating a single structure for wages, industrial relations, social security, and workplace safety. The Codes offer expanded worker protections while delivering significant advantages to employers through digitised compliance, higher operational thresholds, and decriminalisation of minor offences. Modern provisions—gig worker coverage, fixed-term employment, […]
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Gst rate changes 2025

GST rate changes 2025 Rate changes affect the entire supply chain—from manufacturers’ working capital to dealers’ ITC and customer pricing. Timing of supply, invoicing, and payment is critical under Section 14 of the CGST Act to determine applicable rates. ITC implications are significant—reversals, blocked credits, or adjustments must be managed carefully for compliance. Summary of […]
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