HENCY R SHAH AND ASSOCIATES

𝗕𝘂𝗱𝗴𝗲𝘁 𝟮𝟬𝟮𝟲 𝗦𝗵𝗼𝗰𝗸: 𝗦𝗮𝗺𝗲 𝗦𝗚𝗕, 𝗩𝗲𝗿𝘆 𝗗𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝗧𝗮𝘅 𝗢𝘂𝘁𝗰𝗼𝗺𝗲𝘀 ⚖️💰 ₹12 lakh SGB profit. Person A pays ₹𝟬 𝘁𝗮𝘅. Person B pays ₹𝟭.𝟱 𝗹𝗮𝗸𝗵. Yes. Same bond. Same gain. Different tax fate. 𝗪𝗵𝗮𝘁 𝗖𝗵𝗮𝗻𝗴𝗲𝗱? 🔍 Budget 2026 quietly drew a hard line. Originally subscribed SGBs remain 𝘁𝗮𝘅-𝗳𝗿𝗲𝗲 ✅ Secondary market SGBs are now 𝗳𝘂𝗹𝗹𝘆 𝘁𝗮𝘅𝗮𝗯𝗹𝗲 ❌ 𝗥𝗲𝗮𝗹 𝗘𝘅𝗮𝗺𝗽𝗹𝗲 👇 𝘗𝘦𝘳𝘴𝘰𝘯 𝘈 Bought SGB worth ₹6 lakh directly from RBI in 2018 Sold in 2026 for ₹18 lakh Profit ₹12 lakh Tax payable ₹0 𝘗𝘦𝘳𝘴𝘰𝘯 𝘉 Bought the same SGB from NSE in 2020 Sold in 2026 for ₹18 lakh Profit ₹12 lakh Tax payable ₹1,50,000 at 12.5 percent LTCG Difference ₹1.5 lakh. Asset identical. Outcome not. 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗛𝘂𝗿𝘁𝘀 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 🚨 • Many assumed all SGBs were tax-free • Secondary market was faster and easier • Rule change was unexpected • Tax planning just broke for many portfolios 𝗛𝗼𝘄 𝘁𝗼 𝗞𝗻𝗼𝘄 𝗪𝗵𝗲𝗿𝗲 𝗬𝗼𝘂 𝗦...

𝗕𝘂𝗱𝗴𝗲𝘁 𝟮𝟬𝟮𝟲: 𝗗𝗲𝗰𝗼𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗧𝗮𝘅 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗮 𝗩𝗶𝗸𝘀𝗶𝘁 𝗕𝗵𝗮𝗿𝗮𝘁 🇮🇳 The Union Budget 2026-2027 marks a significant shift in India’s fiscal landscape, primarily driven by the transition to the Income Tax Act, 2025 , effective from April 1, 2026. This budget balances aggressive growth with tax simplification and "𝗘𝗮𝘀𝗲 𝗼𝗳 𝗟𝗶𝘃𝗶𝗻𝗴". Here are the critical tax takeaways for professionals, investors, and businesses: 1. 𝘿𝙞𝙧𝙚𝙘𝙩 𝙏𝙖𝙭: 𝙎𝙞𝙢𝙥𝙡𝙞𝙛𝙞𝙘𝙖𝙩𝙞𝙤𝙣 & 𝘾𝙞𝙩𝙞𝙯𝙚𝙣 𝙍𝙚𝙡𝙞𝙚𝙛 📑 The government has introduced measures to make tax compliance smoother for the common man: * 𝘙𝘦𝘥𝘦𝘴𝘪𝘨𝘯𝘦𝘥 𝘊𝘰𝘮𝘱𝘭𝘪𝘢𝘯𝘤𝘦: Forms and rules have been simplified so ordinary citizens can comply without difficulty. * 𝘌𝘹𝘵𝘦𝘯𝘥𝘦𝘥 𝘋𝘦𝘢𝘥𝘭𝘪𝘯𝘦𝘴: Taxpayers now have until March 31 to revise their returns. * 𝘚𝘭𝘢𝘴𝘩𝘦𝘥 𝘛𝘊𝘚 𝘙𝘢𝘵𝘦𝘴: Tax Collection at Source (TCS) on overseas tour pa...

Union Budget 2026: What India’s Businesses and Taxpayers Are Watching Closely 👀📊 One Budget. One speech. And millions of balance sheets waiting for answers. Union Budget 2026 is not about big announcements. It is about fixing what is not working. For businesses, professionals, and taxpayers, expectations are sharp and practical. Here is what the country is really looking for 👇 1️⃣ Direct Tax Relief That Actually Matters 💸 Everyone talks about simplification. Very little changes on the ground. Expectations: • Higher basic exemption limits • Rationalisation of tax slabs • Relief for middle-income salaried taxpayers • Higher standard deduction • Real incentives for savings, not complex conditions If consumption must rise, disposable income must rise first. 2️⃣ Capital Gains Clean-Up 📉➡️📈 Capital gains taxation is messy and inconsistent. Businesses expect: • Fewer holding period categories • Uniform capital gains structure • Clear rules for listed vs unlisted assets • Reduced litig...

 🚨 Your Income Tax Refund Is Not “Late”. It’s Stuck. Here’s Why. 🚨 Most taxpayers think refunds are delayed because “Income Tax Department takes time.” That’s a comfortable excuse. It’s also usually wrong. Let me tell you a real story 👇 🧾 The Refund That Never Came A salaried professional filed the return on time. Tax was correctly deducted. Refund showed as “Processing”. Weeks passed. Then months. Frustration followed. The assumption? 👉 System delay. 👉 Government backlog. The reality was simpler. And brutal. 🔍 What Actually Went Wrong One small mismatch. Ignored. Overlooked. Here’s what caused the delay: • AIS showed interest income not offered in return • Bank account not pre-validated • Old demand of ₹1,240 never resolved • ITR processed but CPC kept it on hold • Email notices ignored as “spam” Refund status never moved. ⚠️ Why Most Income Tax Refunds Get Delayed From what we see daily as a CA firm, the top reasons are: • Mismatch between ITR...

🚨 “Sir, This Is the Income Tax Department. You Are Under Digital Arrest.” 🚨 Last week, a client walked into my office visibly shaken. He had received a WhatsApp video call . On the screen were two men in uniforms. Behind them was a backdrop with the CBI logo . They knew his PAN , last return filed , and bank name . The message was clear and threatening. “You have tax evasion charges.” “Do not disconnect the call.” “You are under digital arrest .” “Transfer the amount immediately to avoid prosecution.” He froze. This was not a poorly written SMS. This was high-grade psychological fraud . Fortunately, he paused. Instead of paying, he called his Chartered Accountant . That one decision saved him lakhs. What Just Happened? This is a Digital Arrest Scam . It is spreading fast across India. Fraudsters pose as Income Tax, CBI, ED, or Police officials . They use WhatsApp video calls to create fear and urgency. They isolate the victim and force instant payment. No paperwork. No portal notice...

Master Your Compliance Calendar: Why Planning Ahead is Non-Negotiable in 2026 The beginning of a new year is the perfect time to confront a harsh reality: tax deadlines and compliance obligations don't wait for anyone. Whether you're managing a small business or overseeing a multi-entity operation, a well-organized compliance calendar isn't just helpful it's essential to your financial health and legal standing. The Cost of Missing Deadlines In India, the GST regime alone demands attention across multiple fronts: monthly GSTR filings, quarterly reconciliation, TDS compliance , and advance tax payments. Pair this with income tax obligations (TDS returns, provisioning, quarterly payments) and sector-specific requirements (CMPOB filings, PF/ESIC compliance ), and you're managing a complex web of interdependent deadlines. Miss a single deadline? The consequences compound: penalties, interest charges, compliance notices, and reputational damage. A missed GST paym...