30 Jul, 2025
Income Tax Portal Downtime During ITR Filing Season Income Tax Portal downtime during the peak ITR filing season is a recurring concern for lakhs of Indian taxpayers. Delays, glitches, and login issues can disrupt filings, trigger penalties, and waste precious manhours. Why It Matters During Peak ITR Season When the ITR due date approaches—especially for […]
Read More30 Jul, 2025
RBI Draft Master Direction on Digital Banking Channels The RBI has released a Draft Master Direction on Digital Banking Channels to streamline how banks and NBFCs offer digital services. This move aims to create a single regulatory framework for mobile apps, internet banking, UPI, and future digital innovations. It is now open for public feedback […]
Read More30 Jul, 2025
India GDP Growth Forecast FY26: Finance Ministry Estimate India’s GDP growth forecast for FY26 is pegged at 6.2–6.5%, according to the Union Finance Ministry’s latest economic assessment. Despite global economic uncertainty, India’s domestic demand, investment push, and stable macro indicators are expected to drive this growth. Why the India GDP Growth Forecast for FY26 Matters […]
Read More30 Jul, 2025
DGFT Notifies Three New SIONs for Chemical Exports The Directorate General of Foreign Trade (DGFT) has notified three new Standard Input Output Norms (SIONs) for products under the Chemical and Allied Product Group. These SIONs define how much input material is allowed for a specific quantity of export product. Exporters dealing with these items must […]
Read More30 Jul, 2025
GST Collection Shows Double-Digit Growth in April–June 2025 India’s GST collection has recorded double-digit growth in Q1 FY 2025–26, as confirmed by Finance Minister Nirmala Sitharaman. This jump reflects rising consumption, improved compliance, and digital enforcement under GST 2.0 initiatives. Key Highlights of April–June 2025 GST Growth Month Gross GST Collection Year-on-Year Growth April 2025 […]
Read More30 Jul, 2025
AEO Certificates in India: Trade Boost via CBIC’s 5,800+ Approvals The CBIC has issued over 5,800 Authorised Economic Operator (AEO) certificates in India to exporters and importers. This move aims to fast-track customs clearance and simplify trade compliance—crucial for India’s export growth and logistics efficiency. Let’s break down what the AEO program means, how it […]
Read More30 Jul, 2025
CBDT Amends Rule 21AK to Include FPIs and OTC Derivatives Rule 21AK amendment is now notified by the CBDT via the Income-tax (Twentieth Amendment) Rules, 2025. It expands the scope of tax exemptions for foreign investors by recognising Foreign Portfolio Investors (FPIs) and certain Over-the-Counter (OTC) derivatives. This change impacts non-resident taxation for AY 2025–26 […]
Read More30 Jul, 2025
Export compliance reforms in India are driving faster clearances, reduced paperwork, and improved transparency. From DGFT to Customs, the government is modernising export systems to support MSMEs, reduce fraud, and boost ease of doing business. Key Government Initiatives for Export Compliance Here’s a snapshot of major reforms taken to streamline India’s export compliance framework: 1. […]
Read More30 Jul, 2025
ITR-2 Filing for Debt Mutual Funds: Tax Rules You Must Know From FY 2023–24, taxation of debt mutual funds has changed significantly. If you’ve sold any non-equity mutual fund units, including debt, international, gold, or even conservative hybrid funds, this blog will help you file ITR-2 accurately and avoid notices. Let’s break it down using […]
Read More30 Jul, 2025
CESTAT Decisions 2025: Overview for Indirect Taxpayers The CESTAT decisions 2025 offer critical clarity on legacy tax issues under customs, excise, and service tax laws. Despite GST being in place, disputes under earlier regimes are still being heard and settled. These rulings shape how businesses deal with audits, appeals, and legacy liabilities. Below is a […]
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