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MCI – (PRESS RELEASE) J AN VISHWAS (AMENDMENT OF PROVISIONS) BILL, 2025 INTRODUCED IN LOK SABHA , dated 18.08.2025.
Jan Vishwas (Amendment of Provisions) Bill, 2025, Introduced in Lok Sabha Date: 18 August 2025 The Union Minister for Commerce and Industry Shri Piyush Goyal today introduced the Jan Vishwas (Amendment of Provisions) Bill, 2025 in Lok Sabha. The Bill was earlier...
INCOME TAX – Circular No. 9/2025
INCOME TAX - Circular No. 9/2025 PARTIAL MODIFICATION OF CIRCULAR NO. 3 OF 2023 DATED 28.03.2023 REGARDING CONSEQUENCES OF PAN BECOMING INOPERATIVE AS PER RULE 114AAA OF THE INCOME-TAX RULES, 1962 , dated 21.07.2025. The Central Board of Direct Taxes (CBDT) has issued...
🔍 Income Tax Department Cracks Down on Fake Deduction & Exemption Claims!
🧾 The Income Tax Department initiated a large-scale verification operation across multiple locations in the country today, targeting individuals and entities facilitating fraudulent claims of deductions and exemptions in Income Tax Returns (ITRs). This action follows...
MCA Notifies Amendment to Companies (Restriction on Number of Layers) Rules, 2025 – Dated 27th June
🏢 Company Law Update: Amendment to Rules on Number of Layers of Companies | Effective from July 14, 2025 The Central Government has notified the Companies (Restriction on Number of Layers) Amendment Rules, 2025, in exercise of its powers under Section 2(87) (Proviso)...
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...
