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CBDT notified ‘376’ as Cost Inflation Index (CII) for Financial Year 2025-26
The Central Board of Direct Taxes (CBDT) has notified '376' as the Cost Inflation Index (CII) for the Financial Year 2025-26, via [Notification No. 49/2025, dated 28.06.2025]. 🔍 What is CII?The Cost Inflation Index helps taxpayers calculate the indexed cost of...
CBDT relaxes time limit for processing of valid ITRs filed pursuant to condonation of delay u/s 119(2)(b)
The Central Board of Direct Taxes (CBDT) has relaxed the time limit for processing valid income tax returns filed electronically. The relaxation is for the returns filed pursuant to the order issued by the Competent Authority under section 119(2)(b) to condone the...
📢 Company Law Update: General Circular No. 01/2025 – Dated 16.06.2025
COMPANY LAW - (General Circular No. 01/2025) RELAXATION OF ADDITIONAL FEES FOR FILING OF 13 e-FORMS DURING THE PERIOD OF TRANSITION FROM MCA21 V2 TO V3 , dated 16.06.2025.This is to inform that in view of the transition of the MCA21 portal from Version 2 (V2) to...
Big Update for Transporters & Businesses!
📢 GSTN is set to launch the E-Way Bill 2.0 Portal starting 1st July 2025 — a major upgrade designed to enhance the user experience and streamline e-way bill operations. 🔹 Key features of E-Way Bill 2.0 include:✅ Improved dashboard and user interface✅ Real-time vehicle...
CBDT Guidelines for Mandatory Scrutiny Selection – FY 2025-26
CBDT Guidelines for Mandatory Scrutiny Selection – FY 2025-26 The Central Board of Direct Taxes (CBDT) has issued updated guidelines for the mandatory selection of income tax returns for complete scrutiny during FY 2025-26. These guidelines ensure a focused approach...
Delhi GST Dept. Mandates Virtual Personal Hearings: New Guidelines Issued
The Delhi Government has mandated virtual personal hearings for all GST proceedings, aiming to enhance transparency and operational efficiency. These hearings will now be conducted exclusively through digital platforms such as Webex or Google Meet, replacing the need...
📢 MCA Update – XBRL Filing Rules Amended!
The Ministry of Corporate Affairs has notified the Companies (Filing of Documents and Forms in XBRL) Amendment Rules, 2025. 🏛️ 🔄 Form AOC-4 XBRL has been substituted with a revised version to streamline financial reporting and compliance. 📌 Stay compliant. Stay...
How NRIs Can Avoid Paying Taxes on Mutual Fund Investments
How NRIs Can Avoid Paying Taxes on Mutual Fund InvestmentsFor Non-Resident Indians (NRIs), mutual fund investments in India offer attractive growth potential. However, navigating taxation can be complex due to the risk of double taxation, when both India and the...
🚨 GSTN Advisory Update – Phase III on Table-12 of GSTR-1/1A
GSTN rolls out Phase-III changes in Table-12 of GSTR-1/1A from the April 2025 tax period onward. Here's what's new: ✅ Table 12 split into B2B and B2C sections — HSN-wise summary to be reported separately✅ Manual HSN entry disabled — select HSN only via dropdown Stay...
📢 GSTN Advisory: Auto-Population of Table 3.2 in GSTR-3B
From the April 2025 tax period onwards, Table 3.2 of GSTR-3B will be non-editable. It will now be auto-populated based on details reported in Form GSTR-1, GSTR-1A, or IFF. 📌 Manual edits in GSTR-3B won't be allowed. 📌 Any corrections must be made in GSTR-1A or through...
