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Income Tax – (Circular No. 12/2024) Guidance note 1/2024 on Provisions of the Direct Tax VIvad se Vishwas (DTVSV) Scheme, 2024
The Direct Tax Vivad Se Vishwas Scheme, 2024 (hereinafter referred to as DTVSV Scheme, 2024) has been enacted vide Chapter IV of Finance (No. 2) Act, 2024 to provide for dispute resolution in respect of pending income tax litigation. The objective of the Scheme is to,...
Income-tax Bill 2025 v. Income-tax Act 1961
🚨 Income-tax Bill 2025 v. Income-tax Act 1961: Key Changes! 🚨 The Finance Minister, Smt. Nirmala Sitharaman, tabled the Income-tax Bill 2025 (ITB) in Parliament on 13th February 2025. Here are some of the major changes compared to the Income-tax Act 1961 (ITA): 🔹...
📢 Breaking News: Income Tax Update – (Notification No. 8/2025)
WHEREAS, the Direct Tax Vivad Se Vishwas Scheme, 2024 was introduced vide the Finance (No.2) Act, 2024 (15 of 2024) and came into force with effect from the 1. day of October, 2024. WHEREAS, while implementing the said Scheme difficulties have arisen in situations...
CGST – Notification No. 05/2025-Central Tax (Rate)
In exercise of the powers conferred by sub-section (1), (3), and (4) of section 9, sub-section (1) of section 11, sub-section (5) of section 15 and section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied...
📢 Important Update: CGST Notification No. 01/2025-Central Tax (Rate) 💼
In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), read with sub-section (1) of section 11 of the Goods and Services Tax (Compensation to States) Act, 2017 (15 of 2017) and sub-section (1)...
CGST – Notification No. 08/2025-Central Tax (Rate)
In exercise of the powers conferred by sub-section (5) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification number...
💡 COMPENSATION CESS UPDATE – Notification No. 01/2025 💡
In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), read with sub-section (1) of section 11 of the Goods and Services Tax (Compensation to States) Act, 2017 (15 of 2017) and sub-section (1)...
🌟 Notification No. 02/2025-Central Tax 🌟
🔔 Extension of Due Date for Filing FORM GSTR-3B 🔔 📅 Notification No. 02/2025 - Central Tax Dated: 10.01.2025 The Commissioner, in the exercise of powers under 🛡️ Section 39(6) read with 🛡️ Section 168 of the Central Goods and Services Tax Act, 2017 🏛️, and on the...
🚨 Important Update for Companies! 🚨
The Ministry of Corporate Affairs (MCA) has amended Rule 12(1B) of the Companies (Accounts) Rules, 2014. Here’s what you need to know: 📌 Deadline Extended: The filing deadline for Form CSR-2 for the Financial Year 2023-2024 has been extended from 31st December 2024 to...
🚨 Important Update on SEZ Rules! 🚨
📜 The Ministry of Commerce & Industry has announced an amendment to sub-rule (3) of Rule 43A under the SEZ Rules, 2006. ✨ What’s Changed?✅ The validity of permission for employees of IT/ITES units and other specified categories to work from outside SEZs has been...
Income Tax – (Circular No. 20/2024) Extension Of Due Date For Determining Amount Payable As Per Column (3) Of Table Specified In Section 90 Of Direct Tax Vivad Se Vishwas Scheme, 2024, Dated 30.12.2024.
The Central Board of Direct Taxes (CBDT), in the exercise of its powers under sub-section (2) of section 97 of the Direct Tax Vivad Se Vishwas Scheme, 2024 ('the Scheme'), extends the due date for determining the amount payable...
