25 Jun, 2025
Summary This change aims to streamline ROC compliance and prevent incomplete filings under the Companies Act, 2013. New MCA V3 Filing Rules: What Has Changed? This change will prevent companies from submitting AOC-4 alone while skipping mandatory linked filings like MGT-7 or ADT-1. What Are Linked Forms with AOC-4? Here’s a list of forms commonly […]
Read More25 Jun, 2025
PF Withdrawal via Debit Card What EPFO’s New Rule Means for You Imagine withdrawing from your PF account at an ATM—just like your salary account.Yes, the Employees’ Provident Fund Organisation (EPFO) is set to introduce PF withdrawal via debit card, making access to your retirement savings easier than ever. Let’s break it down 👇 What […]
Read More25 Jun, 2025
Eight Years of GST Digital Gains Strong, But Reform Remains Key India’s Goods and Services Tax (GST) completed eight years on 1st July 2025. The unified indirect tax reform has transformed India’s tax landscape — especially in digitisation, compliance, and revenue buoyancy. But despite the visible progress, core reform gaps remain. Let’s decode what the […]
Read More25 Jun, 2025
Luxury cess under GST may end What it means for you The luxury cess under GST—levied on luxury cars and certain goods—is likely to be scrapped as the government looks to merge the 12% GST slab. This could lead to a major simplification of India’s tax system ahead of the 2024–25 Budget. Let’s break it […]
Read More25 Jun, 2025
CBDT Conclave 2025 FM’s Focus on Taxpayer Service, Refund Timeliness & Revenue Growth Finance Minister Nirmala Sitharaman, while addressing the 2025 CBDT Zonal Conclave, sent a strong message to tax officers: “Don’t just collect taxes—serve taxpayers too.” Her speech touched upon four key areas: taxpayer service, revenue collection, litigation management, and tax refund timeliness. This […]
Read More25 Jun, 2025
Income Tax Exemption for FSSAI under Section 10(46A) CBDT Notifies New Order The Central Board of Direct Taxes (CBDT) has granted income tax exemption to the Food Safety and Standards Authority of India (FSSAI) under the newly inserted Section 10(46A) of the Income-tax Act, 1961. This development aligns with the government’s broader objective to provide […]
Read More25 Jun, 2025
India’s Export-Led Growth: FM Emphasises SME Support at Exim Bank Event At the recent Exim Bank Trade Conclave 2025, Union Finance Minister Nirmala Sitharaman reiterated India’s commitment to export-driven growth, especially through policy and financial support to SMEs (small and medium enterprises). The conclave focused on building India’s trade muscle, easing cross-border finance, and strengthening […]
Read More25 Jun, 2025
CBDT Grants Income Tax Exemption to FSSAI under Section 10(46A) The Central Board of Direct Taxes (CBDT) has notified an income tax exemption to FSSAI under Section 10(46A) of the Income-tax Act, 1961. This move formally recognises FSSAI as a government authority eligible for income-tax-free status on certain types of income. Let’s break down what […]
Read More25 Jun, 2025
Rectification in GST for Contradictory Orders Know Your Rights Rectification is warranted under GST law when the same taxpayer receives contradictory orders from different GST authorities on the same matter. This creates confusion, compliance issues, and often financial hardship. In this blog, we explain when rectification applies, legal references, and the step-by-step remedy available to […]
Read More25 Jun, 2025
Regular Bail Granted in Fake ITC Case What Taxpayers Should Know In a notable ruling, the Punjab & Haryana High Court granted regular bail in a fake Input Tax Credit (ITC) case, citing the accused’s confession, prolonged pre-trial custody, and slow judicial progress. The case sheds light on judicial discretion in GST fraud cases and […]
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