FAQ on TCS on Luxury Goods applicable from 22 April 2025 on shoes, bags, watch, sunglasses etc.
To widen the scope of Tax Collection at Source (TCS) and enhance revenue from high-value purchases, the Finance (No. 2) Act, …
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CBDT Notifies New Disallowances Under Income Tax u/s 37
On 23rd April 2025, the Central Board of Direct Taxes (CBDT) issued Notification No. 38/2025, invoking its powers under clause (iv) of Explanation …
CBIC sets 7 days deadline to grant GST registration, 30 days for ‘risky’ biz
New Delhi, April 18 (IANS) The Central Board of Indirect Taxes (CBIC) has issued revised instructions to the officers for …
Taxpayers can file income tax without login, CBDT unveils ‘e-Pay Tax’ feature
The Income Tax Department has introduced the ‘e-Pay Tax’ feature on its official online portal to facilitate the taxpayers by …
Government Notifies New TCS on Luxury Goods, 10+ luxury items under TCS, full list
Date of Notification: 22nd April 2025Effective Date: 22nd April 2025Issued by: Ministry of Finance, Department of Revenue, Central Board of Direct Taxes (CBDT) …
Why ITR Forms for FY 2024–25 (AY 2025–26) Are Not Yet Notified?
As of April 2025, the Income Tax Department has not yet notified the Income Tax Return (ITR) forms for the …
Last Date to Avail DTVSV Scheme Benefits Announced
The Ministry of Finance has announced that the last date for filing declarations under the Direct Tax Vivad se Vishwas (DTVSV) …
GSTR-4 Annual Return for Composition Dealers – Due date 30 April or 30 June?
Under the Goods and Services Tax (GST) regime in India, small taxpayers have the option to enroll in the Composition …
TDS Rate Chart for FY 2025-26 & AY 2026-27
For quick and efficient collection of taxes, the Income-tax Law has incorporated a system of deduction of tax at the …
No GST on UPI transactions over ₹2000, clarifies Ministry of Finance
The Finance Ministry on Friday made it clear that the government is not considering any proposal to levy Goods and …
