18 Jun, 2025
India’s forex and derivatives markets are witnessing another regulatory upgrade with the release of the RBI Master Directions for Electronic Trading Platforms, 2025 (ETPs). This latest directive consolidates and updates operational norms for entities running electronic systems for trading eligible instruments. Let’s break down the essentials for Indian traders, brokers, and compliance professionals. What are […]
Read More18 Jun, 2025
Introduction The DGIT (Systems) designation under Section 138(1)(a) of the Income-tax Act, 1961, plays a crucial role in enabling data exchange between the Income Tax Department and other ministries. Recently, the CBDT notified the DGIT (Systems) for information sharing with the Ministry of Petroleum & Natural Gas (MoPNG). Let’s break this down for taxpayers and […]
Read More18 Jun, 2025
Income Tax Exemption for Puducherry Planning Authority The income tax exemption for Puducherry Planning Authority has been officially notified by the CBDT under Section 10(46A) of the Income-tax Act, 1961. This exemption recognises the Authority’s statutory role in urban planning and infrastructure development. Let’s break down what this means, who qualifies, and what conditions apply. […]
Read More18 Jun, 2025
Will the Maximum GST Rate Go Up Soon? The Maximum GST rate is in the spotlight again. With the compensation cess set to expire in April 2026, there’s talk that the ceiling limit for GST could be revised upwards to maintain states’ revenue. This blog explains what’s happening, the legal provisions, and what Indian taxpayers […]
Read More18 Jun, 2025
Directorate of Public Grievances Your Relief for Tax and Customs Complaints Facing unresolved Income Tax or Customs Duties problems? The Directorate of Public Grievances (DPG) is your next step to get faster, unbiased relief. This blog explains how it works, who can approach it, and practical tips to get your grievance resolved smoothly. What is […]
Read More18 Jun, 2025
Introduction The DGFT notifies amendments in Export Policy for Pharma Grade Sugar to streamline exports while ensuring domestic supply. This update impacts sugar mills, traders, and pharmaceutical firms exporting specialised sugar for medical and industrial use. Background: Why This Change? Key Highlights of the Amended Policy 1️⃣ Pharma Grade Sugar Now in Restricted List 2️⃣ […]
Read More18 Jun, 2025
Introduction Differences of ITC in GSTR-3B vs GSTR-2A have become a common reason for GST demands and disputes. Recently, the Orissa High Court quashed a GST demand order solely based on mismatches, ruling that denying Input Tax Credit (ITC) without proper hearing violates the principle of natural justice. Background: GSTR-3B vs GSTR-2A Mismatch arises when […]
Read More18 Jun, 2025
Introduction Relief from Interest and Penalty is a critical topic in income tax search assessments. Clause 297 of the Income Tax Bill, 2025, aims to streamline and update relief provisions compared to the older Section 158BF of the Income-tax Act, 1961. Let’s break it down for easy understanding. Clause 297 vs. Section 158BF: A Quick […]
Read More18 Jun, 2025
Introduction The new ITR Filing 2025 season has begun with several rule changes every taxpayer and tax professional must know. Updated forms, new deductions, and stricter compliance norms make it vital to file correctly and on time. Here’s a crisp breakdown. Latest Updates on ITR Filing 2025 Stay updated with these critical points: Revised ITR […]
Read More18 Jun, 2025
GSTR-3B Due Date Why It Matters Every registered taxpayer under GST must file GSTR-3B — a monthly summary return. Missing the GSTR-3B due date can attract late fees, interest, and even block your e-way bills. As per CBIC Notification No. 10/2017–Central Tax and subsequent updates, the standard GSTR-3B due date is 20th of the next […]
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