30 Jun, 2025
Summary Finance Minister confirms major simplification of GST and Income Tax in 2025. Focus on ease of compliance, faster refunds, and AI-based assessments for Indian taxpayers. GST and Income Tax Simplified Further: Says FM India’s tax system is set for a major ease-up. In a recent press briefing, the Finance Minister (FM) announced that both […]
Read More30 Jun, 2025
SCN under Section 74 Quashed Key Distinction from Section 73 When can tax authorities issue a notice under Section 74 of the CGST Act? A recent High Court ruling clarified that unless the department specifically alleges fraud, wilful misstatement, or suppression of facts, it cannot bypass Section 73 and invoke Section 74. This decision reinforces […]
Read More30 Jun, 2025
TDS on Sale & Purchase of Property What Buyers & Sellers Must Know When buying property in India, TDS on sale & purchase of property is a critical compliance step often missed by individuals. Under Section 194-IA of the Income Tax Act, buyers must deduct 1% TDS if the purchase value exceeds ₹50 lakh — […]
Read More30 Jun, 2025
Summary As GST completes 8 years, India shifts from compliance-heavy GST returns to a trust-based, tech-enabled ecosystem. Here’s how GST@8 is reimagining returns for ease and efficiency. GST Returns Simplified: GST@8 Pushes for Easy Compliance India’s Goods and Services Tax (GST) has turned 8. And with it, the GST Council and CBIC are moving towards […]
Read More28 Jun, 2025
ICAI Tax Audit Cap: Big Change for CA Firms in 2025 The ICAI tax audit cap has been a hot topic in CA circles since the Institute released its latest guidelines. Effective from April 1, 2025, ICAI has tightened rules around how many audits a Chartered Accountant (CA) partner can undertake — and strictly prohibited […]
Read More28 Jun, 2025
Income Tax Scrutiny 2025 Why 1.6 Lakh Returns Were Picked The Income Tax Department’s scrutiny list for 2025 is making headlines — a staggering 1.6 lakh returns have been selected, nearly three times the usual number. The Central Board of Direct Taxes (CBDT) confirmed this sharp spike, citing data analytics and risk-based filters as key […]
Read More28 Jun, 2025
Summary GSTR-4 is the Annual Return that composition taxpayers under GST must file by 30th April following the financial year. This blog simplifies due dates, eligibility, late fees, and step-by-step filing. GSTR-4 Annual Return Filing What Composition Taxpayers Must Know If you’re registered under the GST Composition Scheme, you are required to file GSTR-4—an Annual […]
Read More28 Jun, 2025
CBDT Tightens Scrutiny Norms: Officers Must Apply Mind, Avoid Generic Queries In a significant move aimed at restoring taxpayer confidence, the Central Board of Direct Taxes (CBDT) has issued clear instructions to its officers: stop issuing irrelevant or vague scrutiny notices. This directive ensures that only specific, reasoned questions are raised during scrutiny under the […]
Read More28 Jun, 2025
GST Scam in Aligarh: ₹27 Crore Fake Bill Fraud Busted In a major crackdown on tax fraud, the Directorate General of GST Intelligence (DGGI) has unearthed a ₹27 crore GST scam in Aligarh involving fake invoices, non-existent offices, and shell firms. The case highlights a growing concern over fraudulent input tax credit (ITC) claims using […]
Read More28 Jun, 2025
Intro:Tax burden on Delhi traders is once again making headlines after Delhi CM Rekha Gupta said, “Traders who pay taxes find it difficult to survive in Delhi.” This reflects deep-rooted pain points around GST compliance, income tax pressures, and regulatory bottlenecks that many small businesses in the capital are grappling with. What Did CM Rekha […]
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