The new Income Tax Act 2025 is live. The FAST-DS amnesty window for unreported foreign assets opens within weeks. PIS investment limits are doubled. Three things to act on before June.
New Income Tax Act, doubled PIS limits, FAST-DS amnesty, TAN removal, LRS TCS cuts, and extended ITR deadlines — full breakdown with effective dates.
Replaces IT Act 1961. New ITR forms, modernised NRI rules, penalty reforms. Tax rates and slabs unchanged.
Missed Schedule FA for an ESOP, RSU, or overseas account? Cat B: ₹1L flat fee + prosecution immunity. Cat A: 60% vs 120%+ under Black Money Act.
NRIs can now own up to 10% of any listed Indian company. Aggregate NRI + OCI ceiling raised from 10% to 24%.
Buyers use PAN challan instead of TAN. Education/medical TCS: 5% → 2%. Overseas tour TCS: flat 2%.
Enter NRO interest, rental income, and capital gains. Instant breakdown using the new Act 2025 rules.