Income Tax Department notifies ITR-1, ITR-4 forms for AY 2025-26
New Delhi, The Central Board of Direct Taxes (CBDT) has notified the income tax return forms ITR-1 and ITR-4 for …
New ITR Forms Released for AY 2025–26: Major Highlights & Changes
The Central Board of Direct Taxes (CBDT) has notified the Income Tax Return (ITR) Forms 1 and 4 applicable for the Assessment Year 2025–26, under …
CBDT’s drive against tax dodgers, sets targets for Income Tax dept
New Delhi, The Central Board of Direct Taxes (CBDT) has directed the field formations of the Income Tax Department to …
What is ITR? Who Should File, Benefits of Filing, When is it Mandatory, Who are exempted from ITR filing?
Income Tax Return (ITR) is a form that taxpayers in India submit to the Income Tax Department to declare their income, …
Net direct tax collections rise 13.57% year-on-year for FY25
India’s direct tax collections, in gross terms, have witnessed a robust growth of 15.59 per cent year-on-year, reaching Rs 27.02 …
KEY HIGHLIGHTS OF FINANCE Act, 2025
The Finance Act, 2025, marks a pivotal step in India’s ongoing efforts to modernize its tax framework and stimulate economic …
List of New items come under TCS from 22 April 2025
A variety of luxury items, including wristwatches, handbags, shoes, sunglasses, art, paintings, and home theater systems, priced over Rs 10 …
Luxury Purchases Over Rs 10 Lakh Now Under Tax Lens
In a significant move to curb black money and bring high-value luxury spending under the tax net, the Central Board …
No tax deductions for settling legal proceedings under certain laws
No tax deduction can be claimed for settling legal proceedings under four laws including Securities and Exchange Board of India …
Centre notifies new rules for GST Appellate Tribunal
New Delhi, The government has notified the Goods and Services Tax Appellate Tribunal (GSTAT) (Procedure) Rules which make it online …
