Act Explainers — Tax Law in Plain English

The Income Tax Act. The GST Act. FEMA. The Companies Act. We break them down — one section at a time, every Tuesday.

How it works

Every Tuesday. One Section. Three Takeaways.

The Provision

We start with the exact text of the section — the bare act wording — translated into plain English so you understand what Parliament actually wrote.

A Real Case

Every explainer includes a real ITAT order, High Court ruling, or AAR decision showing the section in action with actual facts and outcomes.

Your Takeaway

Three practical actions you or your clients should take — so reading it is immediately useful for compliance, planning, or litigation.

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Income Tax

INCOME TAX · ITA 2025

Income Tax Act 2025: What Actually Changed From April 1, 2026

64 years. Thousands of amendments. The ITA 2025 replaces all of it. Here's what changed — and what stayed the same.

INCOME TAX · SECTION 44AD

Section 44AD: The Presumptive Tax Scheme That Can Save Small Businesses

No books. No audit. And your effective tax rate could be much lower — legally.

Section 271AAC: The 10% Penalty That's Entirely Avoidable

Most people know about the 78% tax on unexplained income. Almost nobody knows there's a simple way to avoid the additional 10%.

ITC Reversal Under GST: Rule 42, Rule 43, and the Annual True-Up

You make exempt supplies. You claimed full ITC. The law says you owe some back. Here's exactly how much.

FEMA ODI 2022: The New Framework Every India Business Going Global Must Know

India's ODI rules were completely rewritten. New forms, new timelines, new compliance requirements.

Section 185: Loans to Directors — The Rules Every Private Company Gets Wrong

Walk into the books of almost any private company and you'll find it. A director advance. Most are illegal.

Apr 20266 min read

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Act Explainers — Tax Law in Plain English

Every Tuesday. One Section. Three Takeaways.

The Provision

A Real Case

Your Takeaway

All Explainers

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