Insertion of Rule 3C and Rule 3D in the Income tax rules 1962
On 18th August 2025, the CBDT has released the Notification No. 133/2025 in which there are certain amendments in the section 17(2)(iii)(c) and clause (vi)...
Author : CA Saurabh Khullar
Government of India notifies Income Tax Act 2025
The Income Tax Act 2025 has received the President’s assent on 21st August 2025. The act will be effective from 01-04-2026. To download the Act,...
Extension of due date of filing of GSTR3B of July 2025 for selected regions of Maharashtra
Due to the heavy rains in the Maharashtra, the Central Board of Indirect Taxes & Customs has decided to extend the due date of filing...
The Insolvency and Bankruptcy Code (Amendment) Bill 2025
On 12th August 2025, the Insolvency and Bankruptcy Code (Amendment) Bill 2025 has been introduced in the Lok Sabha. The major changes introduced in the...
Taxation Laws (Amendment) Bill 2025
The Taxation Laws (Amendment) Bill 2025, tabled in Lok Sabha on 11th August 2025, proposes various changes to the Income Tax Act 1961 and Finance...
Income Tax (No.2) Bill, 2025 introduced in Lok Sabha
The New Income Tax Bill 2025 has been tabled in the Lok Sabha today. The earlier version of Income Tax Bill 2025 was withdrawn by...
Withdrawal of Income Tax Bill, 2025
On 8th August 2025, in a sudden move by the Finance Minister of India, Smt. Nirmala Sitharaman, has withdrawn the Income Tax Bill, 2025. The...
Revised classification of MSME entities
With effect from 01-04-2025, the classification of Micro, Small and Medium enterprises has been revised keeping in view the criteria of Investment in Plant &...
Finance Act 2025 assented by the President of India
The Honorable President of India has assented the Finance Act 2025 on 29-03-2025. The Finance Bill 2025 was presented by the Honorable Finance Minister of...
New Income Tax Bill 2025
On 13th February 2025, the New Income Tax Bill 2025 has been tabled in the Lok Sabha by the Honorable Finance Minister of India Smt....
Finance Bill 2025 along with memorandum explaining the Finance Bill 2025
Today, on 1st February 2025, the Honorable Finance Minister of India Smt. Nirmala Sitharaman has presented the Union Budget 2025 in the Parliament House. In...
Changes In The Income Tax Slab For Individuals, HUF, AOP, BOI & Artificial Juridical Person In The Finance Bill 2025
In the Finance Bill 2025, the Union Finance Minister Smt. Nirmala Sitharaman has enhanced the Income tax slabs for the new regime for the Individuals,...
CBIC extends due date of GST returns for the month / quarter ending December 2024
Due to the technical glitches being observed on the GST filing portal, the CBIC has issued notifications for the extension of due dates for the...
Income Tax Return due date extended from 31-10-2024 to 15-11-2024
The Central Board of Direct Taxes (CBDT) has extended the date for filing the Income tax returns, the due date of which is 31st October...
Tax Audit due date extended
The CBDT has extended the due date of filing the deadline of Tax Audit Report filing from 30th September 2024 to 07th October 2024 vide...
Circular 9 of 2024 – Income Tax – Enhancement of monetary limits of filing appeals by the Department
In the circular No. 9 of 2024, the CBDT has further enhanced the limit of filing the appeals by the Department before Income Tax Appellate...
Hosting of Multipurpose Empanelment Form (MEF)- 2024-25
Professional Development Committee The Institute of Chartered Accountants of India 17th September, 2024 Announcement Hosting of Multipurpose Empanelment Form (MEF)- 2024-25 Professional Development Committee (PDC)...
Circular No. 233/27/2024-GST – Clarification regarding regularization of refund of IGST availed in contravention of rule 96(10) of CGST Rules, 2017, in cases where the exporters had imported certain inputs without payment of integrated taxes and compensation cess
Circular No. 233/27/2024-GST F. No. CBIC-20001/6/2024-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing...
Circular No. 232/26/2024-GST – Clarification on place of supply of data hosting services provided by service providers located in India to cloud computing service providers located outside India
Circular No. 232/26/2024-GST F. No. CBIC-20001/6/2024-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing...
Circular No. 231/25/2024-GST – Clarification on availability of input tax credit in respect of demo vehicles
Circular No. 231/25/2024-GST F. No. CBIC-20001/6/2024-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing...
Recommendations during 54th meeting of the GST Council
The 54th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today. The...
Analysis of Invoice Management System (IMS)
On the GST portal, a new facility shall be implemented with effect from 1st October 2024 in which the supplier and recipient will be able...
Changes in the Black Money Act provisions related to disclosure of foreign assets or income in Income tax returns
With the increasing cross border investment, there has been an inadvertent requirement for the changes in the provisions related to the Black Money Act, 2015...
Changes in allowed partnership remuneration and TDS on payment to Partners in case of Partnership firms
In the Finance Bill (No.2) 2024, the amendments have been made for the taxation of the Partnership firms. In the first instance, the provisions of section...