02 Jun, 2025
A Major Bribery Crackdown IRS Officer Nabbed with ₹25 Lakh in Delhi Focus keyphrase: IRS officer bribery case In a major development shaking India’s tax administration, the Central Bureau of Investigation (CBI) has arrested a senior IRS officer and a private individual for accepting a ₹25 lakh bribe in Delhi. The IRS officer bribery case […]
Read More02 Jun, 2025
Income Tax Reassessment Stay Supreme Court Relief for Dalmia Bharat In a significant development, the Supreme Court has granted a stay on reassessment proceedings against Dalmia Bharat Limited, bringing relief to the company amid a wave of Income Tax scrutiny cases post-2021. This case shines a light on how reassessment powers are being exercised by […]
Read More02 Jun, 2025
Summary DGGI Chandigarh Zonal Unit uncovers ₹30 crore fake ITC scam involving 17 firms. Key arrests made. Learn how such frauds impact honest taxpayers and what safeguards are in place. ₹30 Cr Fake ITC Scam Busted by DGGI Chandigarh The Directorate General of GST Intelligence (DGGI), Chandigarh Zonal Unit has busted a fake input tax […]
Read More02 Jun, 2025
SC Verdict May Hike Tax Burden on OTT & Gaming Platforms The Supreme Court’s recent judgment on Rule 31A of CGST Rules has stirred the waters for digital economy players. OTT platforms and gaming apps may face a higher tax burden as the verdict strengthens the government’s position on treating online gaming and similar platforms […]
Read More02 Jun, 2025
LNG as Transport Fuel Why Lower GST & Prices Are a Must India’s clean energy goals are pushing for LNG (Liquefied Natural Gas) to become a viable transport fuel. But the road ahead is bumpy—high GST, uneven pricing, and poor infrastructure are slowing down adoption. Industry experts are urging the government to reduce GST on […]
Read More02 Jun, 2025
Centre Doubles Tax Devolution to States ₹1.39 Lakh Crore Released On June 2, 2025, the Finance Ministry announced a surprise boost to state coffers—₹1.39 lakh crore released as tax devolution to states, twice the usual monthly payout. What is Tax Devolution? Tax devolution refers to the share of central taxes given to states, as per […]
Read More02 Jun, 2025
Intro:MCA V3 Portal final company forms have officially been launched, marking a significant shift in how Indian companies file their annual returns and audit documents. The Ministry of Corporate Affairs (MCA) has rolled out 19 company forms—13 annual filing forms and 6 audit/cost audit forms—on the V3 portal, with strict deadlines starting from July 2025. […]
Read More02 Jun, 2025
Form 16 Due Date FY 2024-25 When Will You Get It and What to Check Form 16 due date FY 2024-25 is officially 15th June 2025. Issued by employers, Form 16 helps salaried individuals file their Income Tax Return (ITR) with ease. But what if your employer delays it? Or gives a wrong one? Here’s […]
Read More02 Jun, 2025
Gold Loan Rule Exemption What the New Draft Norms Mean The gold loan rule exemption proposed by the Finance Ministry could bring major relief to banks and NBFCs dealing with gold-backed lending. As per recent reports, the Ministry is drafting changes to ease regulatory hurdles under the Gold Monetisation Scheme and gold loan valuations. Let’s […]
Read More02 Jun, 2025
India’s economic growth in Q4 FY25 surprised on the upside, powered in large part by increased indirect tax collections, according to SBI’s latest research report. While private consumption stayed subdued, net taxes on products contributed significantly to the GDP spike — raising new questions about the nature of this recovery. Key Highlights: Q4 FY25 GDP […]
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