Big Update: ITR-U Filing for AY 2021-22 & 2022-23 to Go Live Soon
The Finance Act, 2025 has introduced a significant change in the time limit for filing Updated Income Tax Returns (ITR-U). In a move …
Income Tax
Cap gains of NRIs on mutual fund units can’t be taxed in India: ITAT
In a major relief for a Non-Resident Indian (NRI) investor, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) …
GST officials step up drive to register more traders under tax regime
As part of the Union Finance Ministry’s outreach to increase the country’s tax base, the field formations of the Central …
Old tax regime vs new tax regime with revised slabs: What to choose in 2025-26?
The new income tax regime will feature the revamped tax slabs from April 1, 2025 onwards, with individuals not requiring …
New ITR Form Introduced ITR-B
In a significant move aimed at strengthening tax compliance and streamlining assessments related to undisclosed income, the Income Tax Department …
Sirsa barber receives ₹37 crore income tax notice
Talking to media persons in Sirsa, Rakesh Kumar said that he has been running a barber shop near the Dera …
MSME makeover: New definitions unlock bigger benefits, faster resolutions
The union government, in a notification dated 21 March, amended the definitions of micro, small, and medium enterprises, raising limits …
Income Tax and GST Compliance Calendar – April 2025
Timely compliance with tax deadlines is essential for individuals, businesses, and professionals to avoid interest, penalties, and legal issues. April …
Free PAN-Aadhaar Linking: New Deadline 31.12.2025 — Who Can Link for Free and How to Do It
In a significant announcement, the Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has provided relief to …
Income Tax dept sends notices for HRA claims without TDS deductions. Here’s what you can do
The Income Tax Department is now reportedly sending notices to salaried taxpayers who have claimed House Rent Allowance (HRA), but …
