08 Aug, 2025
Introduction The concept of assessee cross-examination rights often comes up in tax and GST proceedings, especially when the Revenue relies on witness statements. A recent case clarified that if adjudication is solely based on documentary evidence and not on oral statements, the assessee cannot insist on cross-examining the officers who issued summons or arrest memos. […]
Read More08 Aug, 2025
Summary Income Tax Bill 2025 aims to replace the 1961 Act with clearer, reduced chapters, digital-ready rules, and capital-loss flexibility—rolling out from April 1, 2026—to deliver simpler, fairer taxation for Indians. Introduction Income Tax Bill 2025 aims to modernise India’s tax framework by replacing the six-decade‑old Income‑Tax Act, 1961. Laid out clearly in the first 50 words of this post, […]
Read More08 Aug, 2025
Summary E‑commerce export returns policy allows duty‑free re‑import of rejected goods, easing compliance. Efiletax explains exemptions, key regulations, and practical steps to claim refunds hassle‑free. Intro E-commerce export returns simplified can ease the burden on Indian exporters. When goods are rejected or returned, duty exemptions apply—if you can prove they’re the same. Efiletax breaks down […]
Read More07 Aug, 2025
GST on Fertilisers: What May Change? The GST Council is likely to consider a proposal to levy a uniform 12% GST on fertilisers and their inputs in its upcoming meetings. This move aims to simplify tax credit chains, reduce accumulation of ITC, and make fertilisers more affordable and compliant across the supply chain. Currently, the […]
Read More07 Aug, 2025
GST and UPI awareness campaign in Bengaluru: What you need to know The GST and UPI awareness campaign in Bengaluru is a joint initiative by CBIC and NPCI to promote tax compliance and digital payment adoption. Conducted across key trade hubs, this outreach aims to educate traders, MSMEs, and consumers on correct GST invoicing and […]
Read More07 Aug, 2025
July Sees Uptick, But UP’s GST Growth Stays Negative Uttar Pradesh GST collection improved sharply in July 2025, clocking ₹10,767 crore, up from ₹9,643 crore in July 2024 — a healthy 11.64% year-on-year growth. However, this recovery masks a deeper issue: the state’s cumulative GST revenue for FY 2025 remains in the red, down –0.44% […]
Read More07 Aug, 2025
ICAI Certificate Issuance Checklist for CAs: Everything You Need Chartered Accountants issuing certificates must follow ICAI certificate issuance checklist to avoid legal or disciplinary consequences. From UDIN to format and verification, here’s a complete guide based on ICAI guidelines, circulars, and expert inputs. Why a Certificate from a CA Is Legally Sensitive A certificate issued […]
Read More07 Aug, 2025
Intro:The New Income Tax Bill 2025 is expected to be introduced in Parliament on August 11, aiming to simplify the 1961 Act. Let’s break down what this means for you. Why a New Income Tax Bill Now? Key Focus Areas of the New Bill Area Likely Change Tax Regimes May shift focus entirely to new […]
Read More07 Aug, 2025
Summary The Karnataka Government has reconstituted its GST Authority for Advance Ruling (AAR) by appointing new members. This move is set to impact how GST advance rulings are handled in the state and may influence taxpayers seeking clarity on GST classification, valuation, or applicability. Karnataka GST AAR Reconstituted: Key Update for Taxpayers The Karnataka GST […]
Read More07 Aug, 2025
India’s ₹30,444 Cr Undisclosed Income Haul: What It Means for Taxpayers The focus keyphrase undisclosed income FY25 has made headlines after the Income Tax Department detected ₹30,444 crore of undisclosed income through 465 surveys during FY 2024–25. This sharp increase in tax enforcement activity signals one thing: the department is serious about widening the tax […]
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