Saurabh Kakkar & Associates, The Chartered Accountants - CA Firm

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Saurabh Kakkar & Associates, The Chartered Accountants - CA Firm Welcome to Saurabh Kakkar & Associates official page. We are a Leading Delhi based firm of Chartered Accountants.

TDS on sale pf Property*Many professionals and taxpayers have been facing confusion over the last few days regarding TDS...
04/05/2026

TDS on sale pf Property

*Many professionals and taxpayers have been facing confusion over the last few days regarding TDS payments for purchase of Immovable Property from Non-Resident deductees from 01.04.2026 under the new Income-Tax Act 2026.*

Please note that at present, *TDS payments relating to Non-Residents are required to be made through TAN login only, just as was being done earlier.* The applicable *Section Code appearing in the Challan List under New Act is 1057,* described as interest or other sums chargeable to tax (other than salary).

It is important to carefully note that the Finance Act 2026 amendment introducing *PAN-based payment mechanism is effective from 01.10.2026. Therefore, until 30.09.2026, the existing process through TAN login continues to remain valid and operational.*

Much of the difficulty currently being faced appears to be arising from partial reading of amendments and assumptions that the new PAN-based mechanism has already replaced the TAN-based process.

Before acting on viral posts or forwarded messages, it is always advisable to verify the effective date of amendments, as many statutory changes are announced earlier but implemented from a later notified date. 🙏

The Income Tax Act, 2025 (replacing the 1961 Act effective April 1, 2026) marks a significant structural overhaul. 🚨 BIG...
05/04/2026

The Income Tax Act, 2025 (replacing the 1961 Act effective April 1, 2026) marks a significant structural overhaul.

🚨 BIG TDS CHANGE ALERT 🚨
📅 From 1 April 2026

Income-tax Act, 2025 Makes TDS simpler 👇

✅ Section 392 → TDS on Salary

✅ Section 393 → ALL other TDS
(Interest, Rent, Professional Fees, Purchase of Goods, Non-Residents etc.)

❌ 194A | 194J | 194I | 194Q | 195
✅ ONE SECTION – 393

🎯 Objective:
✔️ Less confusion
✔️ Easy compliance
✔️ Fewer errors

03/04/2026

Update on Intermediary Services under GST

W.e.f. 30.03.2026, yesterday:

Cross-border intermediary services (brokerage / commission, etc.) now eligible for refund (treated as export of services)
Such services received from outside India liable to RCM (treated as import of services)

Below simplified snippet explaining the impact:

Since the Finance Act does not prescribe a specific applicability date, the amendment is effective from the date of enactment (assent), i.e. 30 March 2026.

03/04/2026

If you work in a Private Job…These changes should concern you!!!

From April 1, some rules around salary and taxes have changed.

1. Salary Structure (50% Rule)

Basic salary is expected to be at least 50% of your total salary (CTC) for calculations.

2. PF & Gratuity

PF (12% employee + 12% employer) and gratuity are calculated on your basic salary.

3. Full & Final Settlement

When you leave a job, your settlement should be done within 2 working days.

4. Leave Encashment

Rules for unused leave and carry forward are clearer, but depend on company and state.

5. Income Tax System

The new tax system is simpler and easier to understand, no major changes in tax rates.

New Income Tax Rules kick in from April 1, 2026. Here's everything changing for salaried class. 👇From your salary struct...
31/03/2026

New Income Tax Rules kick in from April 1, 2026. Here's everything changing for salaried class. 👇

From your salary structure to tax forms to HRA — the rules have been rewritten.
Swipe through to know exactly what's changing and what it means for your take-home, savings, and tax filing this year.
Here's a quick snapshot of what's covered:
✅ Salary structure — Basic pay moving to 50% of CTC
✅ Tax Year concept — No more Previous Year vs Assessment Year confusion
✅ Higher exemptions — Meal coupons, gift vouchers, education & hostel allowance
✅ HRA — 8 cities now get 50% exemption
✅ New tax forms — Form 16 is now Form 130, and more
✅ SGB, STT & overseas travel tax changes

April 1 is closer than you think. Save this post & share it with someone who needs to know. 🔖

Advance Tax : Due Date 15th March 2026If advance tax instalments are not paid by their respective due dates, interest is...
10/03/2026

Advance Tax : Due Date 15th March 2026

If advance tax instalments are not paid by their respective due dates, interest is charged at the rate of 1percent per month on the amount of tax that remains unpaid

- March 15 is the last date to pay advance tax for FY 2025–26
- Taxpayers owing over Rs 10,000 must pay to avoid interest
- Seniors without business income exempt from advance tax

Under Section 208 of the Income Tax Act, “A taxpayer whose estimated tax liability for the financial year is Rs. 10,000 or more, after reducing tax deductible or collectible at source (TDS/TCS), is required to pay advance tax in four instalments".

Stop Paying Mandatory Service Charges to The Central Consumer Protection Authority has ruled that automatically adding ...
12/02/2026

Stop Paying Mandatory Service Charges to

The Central Consumer Protection Authority has ruled that automatically adding service charges to restaurant bills is an unfair trade practice. Service charge must be voluntary, customers cannot be pressured to pay it or denied service for refusing.
Penalties and refunds are already being enforced, reinforcing transparency and consumer rights.

If you hold foreign assets / bank accounts but didn’t disclose them in your latest ITR (AY 2025-26), expect an SMS/email...
28/11/2025

If you hold foreign assets / bank accounts but didn’t disclose them in your latest ITR (AY 2025-26), expect an SMS/email soon.

Revise your ITR latest by 31 Dec 2025 to avoid penalties.

Voluntary compliance > penalties. Be proactive!
Full Press Release

law
26/11/2025

law

*Exemptions not available to salaried employees in New Tax Regime.*
29/05/2025

*Exemptions not available to salaried employees in New Tax Regime.*

Address

A5A/22A, Double Storey, Janakpuri
Delhi
110058

Opening Hours

Monday 10am - 7pm
Tuesday 10am - 7pm
Wednesday 10am - 7pm
Thursday 10am - 7pm
Friday 10am - 7pm
Saturday 10am - 7pm

Telephone

+919625945050

Website

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