BUDGET 2026 – MLG & FINSYS ERP CLIENT UPDATE

Dear MLG / Finsys Patron, Budget speech just completed. Here’s what matters for YOUR business:

TAX UPDATE (Direct Tax):

✅ Corporate tax rates: UNCHANGED (22% continues)
✅ No new compliance burden on MSMEs
✅ Depreciation rates: No change
✅ Section 43B(h): Continues (MSME 45-day payment rule)
✅ March-end closing: Can proceed as planned
✅ Individual Tax Rates : New Regime : No Change.
✅ MAT : Not relevant for New Regime. Those in old regime, MAT rate further reduced to 14% as final tax
✅ Return Filing dates : New last date of 31st August created : for Non Audit Business cases & for Trusts
✅ TDS for Property : NRI cases.. made simpler
✅ Time to Revise return.. increased… now upto 31st March

WHAT’S COMING NEXT:

⏰ Finance Bill text (tonight): We shall Watch for hidden changes
⏰ GST/Customs announcements: Impact on raw material duty

ACTION BEFORE 15TH MARCH:

1️⃣ Run MSME Creditor Aging report (43B(h) compliance)
2️⃣ Pay final Advance Tax installment (15-Mar deadline)
3️⃣ Capitalize Capital WIP (depreciation planning)
4️⃣ Book Bonus/Incentive provisions (Section 43B compliance)

MARCH MIS FOCUS (Finsys MLG Clients):

Stock valuation accuracy (for March 31 closing)
Debtor confirmation letters & provision
Revenue recognition (special point for those in export and in Project industries )
MSME payment tracking (avoid disallowance)

MLG Finsys Support for Year-End:

•⁠ ⁠MSME payment tracking ( use automation in Finsys )
•⁠ ⁠Advance tax calculation module
•⁠ ⁠March closing checklist & alerts

Detailed note with updates and impact: By 8.30 PM today

Call for support: 9312608426 (MLG)
Tax advisory: MLG Associates team
No surprises in direct tax. Focus shifts to Business now.

Finsys ERP | MLG Associates | Integrated Accounting, ERP, BPO, MIS & Tax Solutions | www.mlgassociates.in | www.finsys.co.in |

 

Basic points, for Budget 2026. For Finsys and MLG Clients. …. in Simple language. … No hype, … No delay… Simple and To the Point.