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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 Tax 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...
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)...
