For FY 2026-27, the new tax regime remains the default option, with slabs of nil tax up to ₹4,00,000 and a top rate of 30% above ₹24,00,000, combined with a Section 87A rebate that makes income up to ₹12,00,000 effectively tax-free (₹12.75 lakh for salaried individuals after the standard deduction).

The old regime, in contrast, still allows deductions such as HRA exemption, Section 80C investments (PPF, ELSS, life insurance), Section 80D health insurance premiums, and home loan interest under Section 24(b) — but its rebate ceiling is lower, at ₹5,00,000.

As a broad rule of thumb: if your eligible deductions (HRA + 80C + 80D + home loan interest, etc.) add up to less than roughly ₹4-4.5 lakh a year, the new regime usually works out cheaper. If they exceed that, especially where you're paying significant rent and have an active home loan, the old regime can still win. The only way to know for sure is to run both computations side by side — which is exactly what our Income Tax Calculator above does. We're also happy to review your specific numbers directly.

Under the erstwhile Section 194-IA (now Section 393 of the Income-tax Act, 2025), any buyer purchasing immovable property — other than agricultural land — valued at ₹50 lakh or more must deduct TDS at 1% of the sale consideration (or the stamp duty value, whichever is higher) at the time of making payment to the seller.

This obligation falls entirely on the buyer, regardless of whether they are an individual, HUF, company or any other entity, and applies even if the buyer isn't otherwise required to have a TAN — a PAN is sufficient for this specific compliance via Form 26QB.

The TDS deducted must be deposited within 30 days from the end of the month of deduction, using Form 26QB (a combined challan-cum-return), after which a TDS certificate (Form 16B) should be issued to the seller. Failure to deduct or delay in deposit attracts interest and penalty under the Act. If you're closing a property transaction, it's worth having us verify the exact consideration value and paperwork before the payment is made — not after.

GSTR-9, the annual return, is mandatory for regular taxpayers whose aggregate turnover exceeds the threshold notified for the relevant financial year, while GSTR-9C (the reconciliation statement) kicks in above a higher turnover threshold and typically needs certification support from a professional.

The most common issues we see while preparing these returns are: mismatches between GSTR-1 (outward supply) and GSTR-3B (summary return) figures, input tax credit claimed in books that doesn't tie back to GSTR-2B, and turnover reported in the annual return not matching the audited financial statements.

Our recommendation is to start reconciliation at least 6-8 weeks before the due date rather than in the final week — this gives enough time to raise credit notes, amend returns where permissible, and resolve vendor-side mismatches. If you'd like us to handle your GSTR-9/9C end-to-end, get in touch through the contact form and we'll take it from there.