New Income Tax Act 2025 — Be Prepared

Ensuring Accuracy
in Tax Compliance

From ITR filings to company incorporation — KeyTax Advisors delivers precise, reliable compliance solutions backed by 15 years of expertise in Indian taxation.

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15+ Years Experience
5000+ ITRs Filed
99% Accuracy Rate
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Minimal notices, maximum peace of mind

⚠️ New Income Tax Act 2025 effective from 1st April 2026 — Accurate filing is more pivotal than ever. Learn more →

Comprehensive Compliance Services

End-to-end tax and regulatory compliance solutions for individuals and businesses across India.

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ITR Filings

Accurate income tax return filings for individuals, HUFs, and businesses. We ensure your ITR reflects complete and precise data — aligned with Form 26AS and AIS.

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GST Returns Filing

Timely and error-free GST return filings including GSTR-1, GSTR-3B, and annual returns. Stay compliant with every GST regulation.

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Payroll Plans

Complete payroll management including salary structuring, TDS computation, PF/ESI compliance, and monthly payslip generation.

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Company Incorporation

End-to-end company registration services — Private Limited, LLP, OPC, and more. From name approval to certificate of incorporation.

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Bookkeeping Plans

Systematic bookkeeping and accounting services to keep your financial records accurate, organized, and audit-ready at all times.

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Tax Assessments & Notices

Expert handling of IT department notices, scrutiny assessments, and appeals. We minimize risks and resolve issues efficiently.

A Seasoned Team of Tax Experts

We don't just file — we ensure every detail is correctly reported so you face minimal notices or issues.

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Accurate Capital Gains Reporting

Precise reporting of capital gains on mutual funds, shares, and property — ensuring correct classification and computation.

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House Property Income

Accurate computation of income from house property including deductions under Section 24 and proper treatment of rental income.

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Business & Professional Income

Detailed reporting of professional and business income with proper expense categorization and presumptive taxation support.

26AS & AIS Reconciliation

We cross-verify your ITR data with IT Department records from Form 26AS and AIS to eliminate any discrepancies.

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Sahil Mehta

CEO, KeyTax Advisors

15 Years of Experience in Taxes & Assessments

Led by Experience, Driven by Accuracy

KeyTax Advisors was founded with a singular mission — to bring accuracy and reliability to tax compliance in India. Under the leadership of Sahil Mehta, our team has helped hundreds of individuals and businesses navigate the complex Indian tax landscape.

With 15 years of hands-on experience in the field of taxes and assessments, we combine deep domain expertise with a commitment to precision that our clients trust year after year.

Based in Gurugram, we serve clients across India with personalized attention and expert guidance on all matters of tax compliance and corporate filings.

New Income Tax Act 2025

With the New Income Tax Act 2025, effective from 1st April 2026, accurate filing is more pivotal than ever. The new regime demands complete and precise data reporting to avoid penalties and notices.

Let our experienced team ensure you are fully compliant under the new regulations. We stay ahead of every legislative change so you don't have to.

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Ensure Your ITR Reflects Complete Data:

  • Accurate reporting of capital gains on mutual funds & shares
  • Correct capital gains from sale of property
  • Accurate income earned from house property
  • Detailed reporting of professional / business income
  • ITR data compiled with IT Department records — Form 26AS & AIS
  • Minimal probability of notices or issues with your ITR
  • All necessary details correctly reported as per the new Act

Key Changes from Union Budget 2026-27

Stay informed about the latest tax and compliance changes announced in the Union Budget 2026-27 presented on 1st February 2026.

New Tax Act

New Income Tax Act Effective 1st April 2026

The new simplified Income Tax Act 2025 replaces the 1961 Act. Redesigned ITR forms and simplified procedures are expected to be notified soon. No changes to income tax slab rates — the new regime continues with nil tax up to ₹4 lakh, going up to 30% above ₹24 lakh.

ITR Filing

Revised ITR Filing Deadlines

ITR-1 & ITR-2 (salaried individuals) deadline remains 31st July. Non-audit business cases & trusts now get an extended deadline of 31st August. Revised returns can now be filed up to 31st March (from 31st December) with a nominal fee of ₹1,000 or ₹5,000.

TDS / TCS

TDS & TCS Rationalization

TCS on education & medical remittances under LRS reduced from 5% to 2%. TCS on overseas tour packages reduced from 5% to 2%. Supply of manpower services explicitly included under TDS. Simplified PAN-based TDS for property purchases from NRIs — no TAN required.

GST

GST Compliance Strengthened

Section 15 amended — no need to link post-sale discounts to agreements when ITC is already reversed. Section 34 tightened for credit notes and debit notes linked to original invoices. Inverted duty structure refunds now eligible for provisional refunds, improving cash flow.

Investors

Capital Gains & Buyback Changes

Buyback for all shareholders now taxed as Capital Gains. Interest expense deduction against dividend income and mutual fund units removed from the upcoming tax year. Section 87A rebate remains unavailable on income taxed at special rates like equity capital gains. STT rates increased on futures (0.05%) and options (0.15%).

Compliance

Ease of Compliance Measures

Automated rule-based process for lower/nil TDS deduction certificates for small taxpayers. Form 15G/15H can now be filed via depositories (CDSL, NSDL) for multiple securities. Foreign Assets Disclosure Scheme 2026 (FAST-DS) launched — a one-time 6-month window for small taxpayers to disclose foreign assets without prosecution.

Corporate

MAT & Corporate Tax Reforms

MAT credit set-off allowed up to one-fourth of tax liability under the new regime. No further accumulation of MAT credit from 1st April 2026 under the old regime. Tax on undisclosed income reduced from 60% to 30%, with the 10% penalty omitted. Unilateral APA process for IT services fast-tracked to conclude within 2 years.

Key Reminders

Important Compliance Actions

Ensure PAN-Aadhaar linking to avoid inoperative PAN and higher TDS rates. Add bank details in GST registration to avoid automatic suspension. Clear pending GST returns to prevent blocking under the three-year rule. File advance tax where applicable — check IT portal for communications regularly.

⚠️ Disclaimer: The information above is based solely on the Union Budget 2026-27 document presented by the Government of India on 1st February 2026 and subsequent official FAQs by the Income Tax Department. This is for informational purposes only and does not constitute professional tax advice. Please consult a qualified tax advisor for guidance specific to your situation.

Let's Get Your Compliance Right

Whether you need to file your ITR, register a company, or navigate the new tax act — we're here to help. Reach out to us today.

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Phone / WhatsApp +91 99710 15342
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Office

208, Suncity Arcade, Sector 54, Gurugram

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