03 May, 2025
India’s Total Exports Hit $824.9 Billion in FY 2024–25: RBI India’s total exports grew by 6.01% in FY 2024–25, reaching an all-time high of $824.9 billion, as per the RBI’s latest data. This includes both merchandise and services exports, compared to $778.1 billion in the previous year. Let’s break down the numbers, key reasons, and […]
Read More03 May, 2025
Intro Paragraph:GST collection April 2025 has touched a record ₹2.37 lakh crore, the highest since its rollout. This sharp surge signals strong economic activity, improved compliance, and rising domestic consumption. But what’s driving this growth—and how does it impact businesses and taxpayers? GST Collection April 2025: What the Numbers Say What’s Driving the Record GST […]
Read More03 May, 2025
The Central Board of Direct Taxes (CBDT) has notified revised Income Tax Return forms for Assessment Year 2025–26, corresponding to Financial Year 2024–25, through Notifications No. 40–42/2025. These changes affect ITR-1, ITR-3, ITR-4, and ITR-5. This blog breaks down the latest updates and how they impact compliance for salaried taxpayers, business owners, and professionals. ITR-1 […]
Read More03 May, 2025
Import Ban on Pakistani Goods Under FTP 2023: What Para 2.20A Means for India In a decisive policy move, the Directorate General of Foreign Trade (DGFT) issued Notification No. 04/2025-26 dated 01.05.2025, inserting Para 2.20A into the Foreign Trade Policy (FTP) 2023. This change prohibits all imports and transits of goods originating in or exported […]
Read More03 May, 2025
Starting May 1, 2025, Indian Railways has enforced strict new rules that prohibit passengers with waiting list tickets from traveling in Sleeper or AC coaches. The rule is uniform—whether the ticket was booked online via IRCTC or physically at a railway counter. This shift is aimed at decongesting reserved coaches and ensuring a smoother, safer […]
Read More03 May, 2025
ITAT Tax Relief: What DLF’s ₹6,000 Cr Case Means for Indian Businesses In a significant verdict, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, upheld the deletion of over ₹6,000 crore tax addition against DLF Ltd. This decision, dated April 2025, dismissed the Revenue’s appeal — bringing major relief to the real estate giant. Let’s […]
Read More03 May, 2025
ITR Form 5 AY 2025-26: Key Changes You Must Know The Central Board of Direct Taxes (CBDT) has notified ITR Form 5 for AY 2025-26 via Notification No. 42/2025 dated 01.05.2025. This form is relevant for firms, LLPs, AOPs, BOIs, estates, trusts, and investment funds who are not eligible to file ITR-7. Let’s break down […]
Read More03 May, 2025
GST Registration Complaints? CBIC Now Has a Fix Facing delays or rejections in your GST registration application? You’re not alone. Many taxpayers find themselves stuck due to mismatches, pending validations, or lack of communication. To tackle this, the CBIC introduced a formal grievance redressal mechanism via Instruction No. 04/2025-GST, issued on 30.04.2025. Let’s break down […]
Read More02 May, 2025
RBI Clarifies ₹2000 Note Exchange Rules in 2025 The ₹2000 note, introduced in 2016 post-demonetisation, has officially exited circulation. If you’re wondering how to exchange ₹2000 notes, here’s what the Reserve Bank of India (RBI) has officially stated for 2025. Why Is the ₹2000 Note Being Withdrawn? Key RBI Guidelines on ₹2000 Note Exchange Particulars […]
Read More02 May, 2025
Introduction: Why the Updated ICAI Handbook Matters Updated ICAI handbook on exempted supplies under GST is now live, offering detailed clarity for tax professionals, businesses, and consultants. This update addresses practical doubts, evolving interpretations, and recent legal changes impacting exemption claims under GST. Whether you’re a CA, MSME owner, or GST practitioner, understanding exempted supplies […]
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