Simplifying GST Registration: New Guidelines Issued to Reduce Harassment
Date: 17th April 2025Issued by: GST Policy Wing, Central Board of Indirect Taxes and Customs (CBIC) The Ministry of Finance has issued …
Form MSME-1, When to file and who is to file
This article explains everything you need to know about Form MSME-1, a mandatory filing for companies that owe outstanding payments …
Major Amendments in Form 3CD from April 1, 2025 notified
The Central Board of Direct Taxes (CBDT), via Notification No. 23/2025 dated March 28, 2025, introduced several updates to Form …
GST on apartment maintenance not new, rule exists since 2019: Tax officials
Amid rising concerns and confusion among apartment residents, tax officials have clarified that the Goods and Services Tax (GST) on …
Govt notifies Banking Laws (Amendment) Act 2024; four nominees now allowed per account
While the Act has received Presidential assent on April 15, 2025, the date of implementation for its various provisions will …
Here’s why businesses will have to file financial statements in a new format
A new accounting standard prepared by the Institute of Chartered Accountants of India (ICAI) based on a global accounting rule …
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 …
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 …
