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Section Code Mapping for TDS Challan Payments: Old Sections vs New Sections

TDS -TCS RATE CHART_FY 2026-27 New TDS Return Form Section as per IT Act 2025 Nature of Payment as per IT Act 2025 Payment Section Code Old TDS Return Form Section as per IT Act 1961 FORM 138 392 Payment to Government employees 1001 24Q 192 FORM 138 392 Payment to employees other than Government […]

Key Changes in Statement of Financial Transactions (SFT) – New Rule 237 vs Existing Rule 114E

SFT-KEY CHANGES   🔍 Comparative Analysis: Rule 114E vs Rule 237 📄 Basic Framework Particulars Rule 114E (Old) Rule 237 (New) Governing Section Sec 285BA Sec 508(1) Reporting Form Form 61A Form 165 Reporting Purpose Statement of Financial Transactions (SFT) Statement of Financial Transactions (SFT) Due Date 31st May 31st May 📌 Both rules serve […]

Draft Income-tax Rules, 2026 – Changes in Salary, Perquisites & TDS Compliance

Draft Income-tax Rules 2026   Reference: Draft Income-tax Rules, 2026 (Pages 11–28) Governing Law: Income-tax Act, 2025 Audience: Employers, HR & Payroll Teams, Employees, Banks, Deductors, Professionals The Draft Income-tax Rules, 2026 propose a comprehensive restructuring and rationalisation of provisions relating to salary, perquisite valuation, TDS procedures, declaration forms, and statutory reporting, replacing the corresponding […]

COMPARATIVE ANALYSIS REPORT

Comparative Analysis Report – Rule 114b Vs Rule 159 (income-tax Rules, 2026) Rule 114B (Old Income-tax Rules, 1962) vs Rule 159 (Income-tax Rules, 2026) 1. Background Rule 114B of the Income-tax Rules, 1962 prescribed transactions in which quoting of Permanent Account Number (PAN) was mandatory. Under the newly notified Income-tax Rules, 2026, Rule 114B has […]

Comparative Analysis – Valuation of Salary Perquisites

Comparative Analysis – Valuation of Salary Perquisites (Rule 3 of Income-tax Rules, 1962 vs Rule 15 of Income-tax Rules, 2026)   🔹 Overall Framework Particulars Old Rule (1962) New Rule (2026) Key Change Governing Rule Rule 3 Rule 15 Renumbered Terminology Previous Year Tax Year Alignment with new Act Structure Narrative format Table-based (I–IV) Improved […]

BANKING INDUSTRY – COMPLIANCE NOTE

 Banking Industry Impact New Income tax Act (TDS / TCS / PAN Compliance – FY 2026-27)   REGULATORY FRAMEWORK OVERVIEW Particulars Details Governing Law Income-tax Act, 2025 Key Sections Sec 392 (Salary), Sec 393 (Non-salary), Sec 394 (TCS), Sec 397 (PAN default) Key Change Consolidation of TDS/TCS into unified structure Compliance Model System-driven, automation-based   […]

Finance Act 2026 | Key TDS & TCS Amendments | Practical Insights | CA Harsh Mehadia

Webinar Overview In this webinar, CA Harsh Mehadia, CEO of Figment Global Solutions Private Limited, explains the key changes introduced under the Finance Act 2026 relating to TDS and TCS provisions in a simple and practical manner. This Session Covers: ✅ Major amendments in TDS & TCS✅ Provisions that remain unchanged✅ Practical impact on day-to-day […]

🎥 Finance Act 2026 – Key TDS & TCS Amendments

CA Sapan Jain, CTO – Figment Global Solutions Pvt Ltd, explains the most important changes, compliance impact & practical takeaways under the Finance Act 2026. A must-watch for tax professionals & businesses.

🎉 Celebrating 14 Years of Figment Global Solutions 🎉

✨ 14 Years of Trust & Togetherness! ✨

Grateful for the heartfelt wishes from our clients who inspire us with their trust, support, and strong partnership.           Together, we continue to stay one step ahead and grow stronger every day.💙

NoticeCPC | One Dashboard for All Your Tax Notices by Figment Global Solutions

  Handling Income Tax and GST notices across multiple portals can be overwhelming. NoticeCPC simplifies it all by bringing notice tracking, documents, status, and deadlines into one easy-to-use dashboard. Built for CA firms, tax professionals, and corporates, NoticeCPC ensures better visibility, timely action, and complete compliance control—without missing a single notice. One login. One solution. […]

Comparative Analysis of TDS / TCS Provisions under Income Tax Act, 1961 vs New Income Tax Bill, 2025

  Comparative Analysis of TDS / TCS Provisions under Income Tax Act, 1961 vs New Income Tax Bill, 2025   This note provides a comprehensive comparison between the existing provisions under the Income Tax Act, 1961 and the corresponding clauses in the proposed Income Tax Bill, 2025, as tabled in Parliament. It highlights key structural […]

Diwali GST Bonanza Announced!

The Modi Government has rolled out major GST rate cuts across key sectors: Daily essentials Health insurance Agriculture inputs Automobiles & electronics 📅   Effective from 22nd September 2025, just ahead of the festive season. At the same time, the GST Council has introduced a 40% GST rate on luxury & sin goods like tobacco, pan […]

Celebrating Freedom, Fueling the Future

This Independence Day, let’s honour our past, cherish our present and commit to building a stronger, united tomorrow. Together, we rise. Together, we shine. A Proud Moment for Figment Global Solutions Private Limited !! 🎉 We are thrilled to announce that our work and vision have been featured in the The Times Of India ! […]

CBDT PAN Relief & TDS Update 2025 | PAN-Aadhaar Link Latest News | Income Tax India

Get the latest update from CBDT on PAN relief and TDS compliance for 2025. If your PAN is not linked with Aadhaar or if you’re facing TDS deduction issues, this video is for you! 🔍 Topics Covered: PAN-Aadhaar Linking Deadline & Relaxation New CBDT Circular Highlights TDS Deduction & PAN Non-Compliance Relief Measures for Taxpayers […]

MSME Compliances Under Tax Audit & Company Law | CA Vineet Bhutada | Full Webinar Recording

MSME Compliances Under Tax Audit & Company Law explained by CA Vineet Bhutada in this full webinar. A must-watch for MSME business owners.

Webinar Recording How to Prepare ERROR FREE ANNEXURE II Salary Data for Form 24Q CA Harsh Mehadia

Missed the live webinar? No problem! Watch the complete recording of our exclusive session on preparing error-free Annexure-II data for Form 24Q, hosted by CA Harsh Mehadia, Director at Figment Global Solutions Pvt. Ltd. This session is a must-watch for finance professionals, HR teams, and payroll processors looking to streamline their TDS return filing and […]

Our Exclusive Webinar on TDS & TCS Amendments for FY 2025-26

Hello everyone! 👋 Did you miss our insightful webinar on TDS & TCS Amendments for FY 2025-26 with CA. Harsh Mehadia? Don’t worry—we’ve got you covered! ✅ In this webinar, we covered: ✅ The latest updates on TDS & TCS amendments ✅ How to avoid compliance errors and stay tax-ready ✅ Strategies to simplify your […]

TaxCPC: The Ultimate End-to-End TDS Compliance Solution

TaxCPC offers a complete TDS compliance solution, ensuring seamless tax filing, automation, and accuracy for businesses and professionals.

Seamless Litigation Management Solution for Banks – Track, Comply & Reduce Risks

Litigation Management Solution for banks to track cases, ensure compliance & reduce legal risks. Optimise your legal processes today!

Master Error-Free TDS Return Filing | Webinar Recording | Expert Insights with CA Himanshu Chordia

Learn error-free TDS return filing with expert CA Himanshu Chordia. Watch the webinar recording for key insights and best practices.

Automate MSME Status Validation – Stay Compliant & Avoid Penalties

Are you struggling to verify the MSME status of your vendors?

TDS/TCS Rate Chart for FY 2025-26 (AY 2026-2027)

The Finance Bill 2025 introduces significant changes to TDS rates and thresholds, aiming to simplify compliance and reduce the tax burden on individuals and businesses.

Verify MCA Status Instantly: Check Business with CIN, PAN, or Company Name

Ensure Compliance with MCA Status Verification from Figment Global Solutions In today’s rapidly evolving business landscape, staying compliant with the Ministry of Corporate Affairs (MCA) is crucial to maintaining the integrity and reputation of your company. Figment Global Solutions provides a fast, reliable, and efficient way to verify whether your business is active, struck off, […]

Verify MSME Status Instantly: Check Vendor Registration Using PAN or Udyam Number

In today’s business environment, understanding and complying with MSME (Micro, Small, and Medium Enterprises) regulations is essential for maintaining strong business relationships and avoiding penalties.

Budget 2025 Breakdown: Income Tax, TDS, MSME Updates & More | Expert by Harsh Mehadia & Nehal Doshi

In this video, tax experts Harsh Mehadia and Nehal Doshi break down the 2025 Budget and explain all the crucial updates you need to know! Whether you’re an individual taxpayer, a business owner, or part of an MSME, this breakdown covers everything from income tax changes to TDS/TCS updates, and what’s new for MSMEs. 

TDS on Dividend Compliances: Expert Insights with Akshay Kanoje & Nehal Doshi

Learn TDS on Dividend Compliances with experts Akshay Kanoje and Nehal Doshi as they discuss key rules, compliance steps, and practical solutions.

TDS Correction Deadlines – Important Update

In our latest video, Himanshu Chordia, & Nehal Doshi share crucial insights on the importance of timely TDS corrections to avoid penalties.

Figment’s Strategic Acquisition

City fintech Co takes over IT co, clinches deal with PNB, UBI Times of India published a news article highlighting the strategic acquisition.

City Fintech Co Becomes A Game-Changer For TDS Filing By Banks

The income tax department processed over 100 crore returns during the last financial year, out of which 40 crore .