Articles by Mitali

Is It True ITD Issue Notices As You Paid Self-Assessment Tax in Past Year for Ignoring Advance Tax?

Mitali 10 June 2025 at 14:15

A Taxpayer paid Self-Assessment Tax above Rs.10,000 in the AY 2024-25, from the detail of Self-Assessment Tax payment, the IT department issues notices to a Taxpayer in the AY 2025-26.

IT Department Sending SMS for Deductions Claimed u/s 80GGC

Mitali 09 June 2025 at 16:56

The IT Department sending SMS alerts regarding the deduction claimed u/s 80GGC of the Income Tax Act i.e., against the political donations.

AI Can Never Replace CAs: India Need 50 Lakh Chartered Accountants By 2050

Mitali 09 June 2025 at 08:44

ICAI President Charanjot  Singh  Nanda at Vadodara said that AI is helpful for CAs and it will assist, but cannot replace Chartered Accountants.

Rate Cuts Ahead: MPC's June 2025 Monetary Policy Decisions

Mitali 06 June 2025 at 12:12

The MPC of the Reserve Bank of India made some important decisions regarding the country's monetary policy.

CA Firms Can Now Officially Partner with Global Firms

Mitali 29 May 2025 at 17:43

The ICAI has approved a draft regulatory framework to allow domestic CA firms to formally tie up with global accounting firms said by the president Charanjot Singh Nanda.

B2C HSN Summary Table Added in GSTR-1

Mitali 28 May 2025 at 15:57

B2B and B2C transactions are required to be reported separately starting from the May 2025 tax period (filing due in June 2025).

FDI Journey Data 2025: How India is Capturing Global Investments!

Mitali 28 May 2025 at 15:02

The Government has put in place an investor-friendly Foreign Direct Investment (FDI) policy, under which most sectors are open for 100% FDI through the automatic route.

Payment Voucher Details Are Now Mandatory On RCM Under GST

Mitali 23 May 2025 at 16:07

GSTN has issued an advisory recently that documents reporting in GSTR-1 is made mandatory from the May 2025 return period.

Avoiding Wrongful Refund Claims: Essential Tips for Tax Filers

Mitali 29 April 2025 at 12:59

Are you making the right claim of refunds in your Income Tax Return - Here are the key points which you are required to know before filing your Income Tax Return!