Updated Return (ITR-U) Now Available for AY 21-22, 22-23, 23-24, 24-25
The Income Tax Department has rolled out a major relief for taxpayers by enabling past years’ ITR utilities on the Income Tax …
tax updates
Changes in Tax Audit Report (Form 3CD) for FY 2024-25 (AY 2025-26)
CBDT amended Form 3CD through the Income-tax (Eighth Amendment) Rules, 2025 vide Notification No. 23/2025 dated 28th March 2025.Effective from 1st April 2025, these changes …
Big GST cheer for common man! Two-slab tax structure to replace 5-28% rates
Big GST relief soon! Prime Minister Narendra Modi in his Independence Day speech announced that the Goods and Services …
GST Reforms 2025: PM Modi Announces Major Overhaul on Independence Day shared as Diwali Gift
On the occasion of India’s 79th Independence Day, Prime Minister Narendra Modi announced a series of next-generation reforms in the Goods and Services …
Supreme Court stays ₹273.5 crore GST notice against Patanjali Ayurved
In a relief to yoga guru Ramdev-founded Patanjali Ayurved Ltd, the Supreme Court on Thursday stayed the recovery of …
Four New amendments to Income Tax Act for FY 2025-26 announced
New Delhi, The government has introduced four amendments to the Income Tax Act, 1961, relevant for FY 2025-26, but …
ITR Update: New ITR forms made available
The Income Tax Department has recently rolled out two important updates for taxpayers. These changes are relevant for individuals, professionals, …
Relief for Taxpayers:GSTR-3B for July 2025 Filed as Usual—No Auto-Locking
Date: 14th August 2025 In June 2025, the Goods and Services Tax Network (GSTN) issued an advisory stating that from the July 2025 …
Finance Ministry issues corrigendum to Income Tax Bill on advance tax interest
The Finance Ministry has issued a corrigendum to the Income Tax Bill, 2025, clarifying the interest applicable on short …
No Tax up to ₹12.75 Lakh Income? Govt Clarifies Standard Deduction Rule
Introduction In a significant update for salaried taxpayers, the Indian government has officially clarified that a ₹75,000 standard deduction is available under …
