India’s Exports Rise 5.23% in April–July 2025, Driven by Engineering and Electronic Goods
India’s merchandise and services exports registered a robust performance in the first four months of FY 2025–26, touching US$ 277.63 billion, marking a 5.23%...
Income Tax Act 2025 To Be Applicable From April 2026
In a landmark development for India’s fiscal framework, the Income Tax Act 2025 has officially received Presidential assent and has been published in the...
CGST Faridabad Conducts Special Samvaad Session at FCCI’s 7th Governing Council Meeting – Entrepreneurs Should Avail Benefits: Commissioner Reyaz Ahmed
Central GST Commissioner Reyaz Ahmed has urged entrepreneurs to make full use of the Samvaad Scheme launched by the department, calling it an important...
Setback To Online Gaming Apps: Parliament Passes Landmark Bill Banning Online Money Gaming
In a sweeping move that could upend India’s booming fantasy sports and online gaming sector, Parliament on Thursday approved the Promotion and Regulation of...
CBDT Notifies Amendment in Income-Tax Rules for IFSC Insurance Offices
The Central Board of Direct Taxes (CBDT) has issued Notification No. 135/2025 amending the Income-tax Rules, 1962, to provide specific clarifications for units operating...
Relief for Salaried Employees: Perquisite Income Tax Exemption Limit Raised to Rs. 4 Lakh
In a major relief for salaried employees, particularly those in the middle-income group, the government has substantially revised the long-stagnant exemption thresholds for perquisites...
Taxation Laws (Amendment) Bill, 2025 Receives Presidential Assent
India has officially entered a new era of direct taxation with President Droupadi Murmu giving her assent to the The Taxation Laws (Amendment) Bill,...
CBIC Extends GSTR-3B Due Date For Taxpayers Registered These Cities Till 27 Aug 2025
The Central Board of Indirect Taxes and Customs (CBIC) has extended the GSTR-3B (July ’25) due date for the taxpayers registered in Mumbai, Thane,...
Excel Utility for ITR-6 for AY 2025–26 Now Live on Income Tax Portal
The Income Tax Department has announced that the Excel Utility for ITR-6 for the Assessment Year (AY) 2025–26 is now live and available for...
From PAN-Aadhaar Link to E-Verification—ICAI’s New ITR Checklist Covers It All
The Institute of Chartered Accountants of India (ICAI) has unveiled its latest publication, Checklist for Preparation of ITR Forms (ITR-1 & ITR-4), aimed at...
Facility For Filing Updated Returns For AY 2021-22 And AY 2022-23 For ITR-3 & ITR-4 Is Now Available
In a significant update for taxpayers, the Income Tax Department has announced that the facility to file Updated Returns under Section 139(8A) of the...
SBI to Levy Charges on High-Value Online IMPS Transfers from August 15
The State Bank of India (SBI), the country’s largest lender, has announced a revision in its Immediate Payment Service (IMPS) charges, effective August 15,...
Maharashtra Enacts Major GST Amendments for 2025, Introduces Track-and-Trace for Certain Goods
The Maharashtra Government has notified the Maharashtra Goods and Services Tax (Amendment) Act, 2025, introducing significant changes to the state’s GST framework, including a...
Nirmala Sitharaman Introduces IBC Amendment Bill, 2025: What’s New?
Union Finance and Corporate Affairs Minister Nirmala Sitharaman tabled the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 in the Lok Sabha, signalling a major...
Karnataka Reinstates DGP Ramchandra Rao, Step-Father of Actress Ranya Rao, in Civil Rights Enforcement Post
The Karnataka government has reinstated senior IPS officer Dr. K. Ramchandra Rao, stepfather of Kannada actor Ranya Rao, as Director General of Police (DGP)...
Parliamentary Panel Urges ‘Time-Bound’ Plan to Operationalise GSTAT Benches Nationwide
A parliamentary committee has called on the finance ministry to adopt a “time-bound” strategy and actively coordinate with all states to ensure the Goods...
Tweaks for Businesses and Investors In Income Tax Bill 2025
Investors and entrepreneurs have welcomed the updated Income Tax Bill, 2025, tabled in Parliament by Finance Minister Nirmala Sitharaman, which incorporates several investor-friendly changes...
New Income Tax Bill 2025 Simplifies Slabs, Enhances Rebate for Middle-Class Earners
Salaried individuals are likely to benefit from a simplified tax structure and higher rebates under the revised Income Tax Bill, 2025, presented in Parliament...
Revised Income Tax Bill 2025 Brings Major Relief For Property Owners
Property owners stand to gain from several clarifications and corrections introduced in the revised Income Tax Bill, 2025, tabled by Finance Minister Nirmala Sitharaman...
Tax Rules on Foreign Travel: Key Points You Can’t Afford to Ignore
With international travel among Indians on the rise, the Income Tax Department (ITD) has tightened its oversight of high-value foreign trips. Tax experts warn...
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