GSTR-1 reports your sales invoice by invoice; GSTR-3B is the summary where you claim ITC and pay tax. Due dates, late fees, the sequence rule, and what happens when they don’t match — explained for freelancers and small businesses.
Form 10-IEA is the declaration business owners and freelancers file to opt out of the default new tax regime. Who must file it, the hard deadline, the one-time switch rule, and the step-by-step online process.
If you pay rent above ₹50,000 in a month, you must deduct TDS. Businesses use Section 194-I (10% or 2%), salaried individuals use Section 194-IB (2%, once a year). New Section 393 under the Income-tax Act, 2025 explained.
Do freelancers need GST registration in 2026? The Rs 20 lakh threshold, 18% rate, LUT for foreign clients, SAC codes and return filing – explained simply.
Section 80C is now Section 123 under the Income Tax Act 2025. The Rs 1.5 lakh deduction limit, eligible investments, and old-regime-only rule are unchanged – only the number changed.
Marginal relief caps your tax at the amount by which your income exceeds ₹12 lakh. Worked examples for the new regime, the relief zone up to ₹12,70,588, and who doesn’t qualify.
Form 16 becomes Form 130, Form 26AS becomes Form 168, and 15G/15H merge into Form 121 from April 1, 2026. Complete old-to-new form number table with dates, FAQ, and what stays the same.
Old section numbers change under the Income Tax Act, 2025: 80C becomes Section 123, 139 becomes Section 263, 115BAC becomes Section 202. Full verified old-vs-new mapping table.
Section 139A (PAN) is now Section 262 under the new Income Tax Act 2025. Your PAN stays valid — only the section number changed.
Section 115BAC (new tax regime) is now Section 202 under the new Income Tax Act 2025. Same slabs, same default regime — only the number changed.