26 Jun, 2025
Summary In FY 2023–24, over 25.5% of all ITRs were filed by women, marking a steady rise in female tax participation. This blog decodes what this means for Indian taxation, women’s financial independence, and future policy changes. Rise in Women Income Tax Filers: FY24 Trends The focus keyphrase “women income tax filers” is making headlines […]
Read More26 Jun, 2025
CBDT Extends Processing Timeline for Delayed ITRs Filed Till March 2024 In a major relief for taxpayers, the Central Board of Direct Taxes (CBDT) has extended the timeline for processing delayed Income Tax Returns (ITRs) that were conditionally condoned and filed up to March 31, 2024. This move ensures that many such returns — filed […]
Read More25 Jun, 2025
New ITR Rules: ₹5,000 to 200% Penalty on False Deductions Claiming fake deductions in your ITR? The new income tax rules can now land you with a penalty of up to 200% of the tax evaded.This major change is part of the government’s crackdown on bogus claims under Section 80C, HRA, home loan interest, and […]
Read More25 Jun, 2025
Gujarat High Court stays GST on TDR sales: Big relief for realtors The Gujarat High Court recently delivered a major relief to real estate developers by staying the levy of GST on the sale of Transferable Development Rights (TDR). This ruling puts a temporary hold on the Central and State GST authorities from enforcing tax […]
Read More25 Jun, 2025
Will Foreign-Owned Data Centres Get Tax Relief in India? Tax relief for foreign data centres may not be on the table anymore. According to recent clarifications from CBDT (Central Board of Direct Taxes), there is no active plan to provide concessional tax benefits to data centres set up in India by foreign entities — especially […]
Read More25 Jun, 2025
India Revises Anti-Dumping Duty on Decor Paper Imports from China India has revised the anti-dumping duty on decor paper imports from China following a sunset review by the Directorate General of Trade Remedies (DGTR). The revision is aimed at protecting the domestic paper industry from unfair pricing practices while ensuring compliance with WTO rules. Let’s […]
Read More25 Jun, 2025
India Tariff King Claim FM Sets the Record Straight India is not the “tariff king” the U.S. claims. In a recent statement, Finance Minister Nirmala Sitharaman clarified that while Parliament approves upper tariff limits, the actual import duties levied by India are far lower in most cases. This clarification came in response to U.S. complaints […]
Read More25 Jun, 2025
Intro:Tax refund process simplified — that’s the clear message from Finance Minister Nirmala Sitharaman to India’s tax officers. In a recent high-level meeting, she urged officials to expedite refunds, improve taxpayer services, and ensure faster resolution of grievances. This blog breaks it down for you. Why the Refund Process Needs Speeding Up Timely tax refunds […]
Read More25 Jun, 2025
Friendly Tax Compliance FM Nirmala Sitharaman’s Vision for India India’s Finance Minister Nirmala Sitharaman has once again emphasized the government’s commitment to friendly tax compliance. In recent meetings with tax officials and business stakeholders, she called for “minimal interface, maximum trust” – underlining the need for a system where taxpayers are treated with dignity, not […]
Read More25 Jun, 2025
₹39 Lakh in Cash Found, But No One Claims It In a recent case that’s caught the attention of tax authorities, a theft of ₹7 lakh at a GST officer’s home led to the discovery of ₹39 lakh unaccounted cash. What’s unusual? No one has come forward to claim the ₹39L, leaving behind legal and […]
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