30 Jun, 2025
GST Training for Intelligence Wing Begins Across India The GST training for intelligence wing has kicked off with a week-long national programme launched by the CBIC. Aimed at strengthening GST intelligence and enforcement mechanisms, this initiative is part of CBIC’s broader strategy to boost compliance, curb tax evasion, and upskill officers with digital investigation tools. […]
Read More30 Jun, 2025
ITR Scrutiny Notices 2025 What Taxpayers Must Know Over 1.6 lakh tax returns are under scrutiny this year as the Income Tax Department sharpens its focus on cash deposits, GST return mismatches, and mergers & acquisitions (M&A) discrepancies. If you’ve received a scrutiny notice or want to avoid one, this guide simplifies what’s happening in […]
Read More30 Jun, 2025
Big Changes from July 1 Aadhaar-PAN, Bank Charges & ITR Deadline Starting July 1, 2025, Indian taxpayers and account holders must brace for key compliance updates. The Aadhaar-PAN rule, bank service charge revisions, and a tax return filing deadline extension all kick in this month. This blog breaks down each update in simple terms — […]
Read More30 Jun, 2025
Important Accounting Standards Every CA Should Know In today’s complex regulatory environment, understanding important accounting standards is critical for every Chartered Accountant (CA). Whether you’re preparing financial statements, conducting audits, or filing tax returns, these standards form the backbone of compliance and transparency in India. This blog breaks down key accounting standards issued by ICAI […]
Read More30 Jun, 2025
Summary Faceless GST system is India’s bold push toward taxpayer-friendly governance. It eliminates personal interface, reduces corruption, and enables faster resolution. Here’s how it impacts compliance and boosts trust. Introduction: Faceless GST system is gaining momentum as India strives to modernize its indirect tax regime. With a vision to promote transparency, reduce harassment, and enhance […]
Read More30 Jun, 2025
Summary The Delhi High Court has ruled that an assessee cannot later claim a denial of natural justice if they fail to respond to a valid Show Cause Notice (SCN) or skip scheduled hearings. This judgment reinforces the taxpayer’s duty to act diligently during proceedings. Alleging Denial of Hearing? Not Valid If You Ignored the […]
Read More30 Jun, 2025
Filing ITR-1 or ITR-4 under Old Tax Regime? New disclosure rules apply If you’re using the Old Tax Regime while filing your ITR-1 or ITR-4 this year, don’t miss this update. To continue claiming deductions like Section 80C or 80D, you now need to specify individual section-wise amounts in a new schedule. Let’s break it […]
Read More30 Jun, 2025
Income Tax Scrutiny Notice under Section 143(2) Meaning, Response & Checklist Have you received an Income Tax Scrutiny Notice under Section 143(2)? Don’t panic. Each year, the Income Tax Department selects returns for deeper verification to ensure everything reported is accurate. In FY 2024-25, over 1.65 lakh ITRs have been shortlisted for scrutiny, as per […]
Read More30 Jun, 2025
GST and Income Tax Reforms 2025 What Taxpayers Can Expect India’s tax system is on the brink of another major transformation. The GST and Income Tax reforms 2025 announced by the Finance Ministry aim to simplify compliance and reduce the burden on honest taxpayers. These changes could redefine how small businesses, professionals, and salaried individuals […]
Read More30 Jun, 2025
How Much Tax NRIs Pay in India – A Complete Guide NRIs (Non-Resident Indians) earning income in India often face confusion about taxation. How much tax NRIs pay in India depends on their income type, TDS applicability, and whether they benefit from Double Taxation Avoidance Agreements (DTAAs). This blog breaks it all down — from […]
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