Budget 2026 may raise the 30% income tax slab from Rs 24 lakh to Rs 35 lakh, offering major relief to middle-class salaried taxpayers. Here’s what it means.
From February 1, 2026, cigarettes and tobacco products will attract additional excise duty and health cess, ending a 7-year tax freeze under GST.
From November 1, 2025, the government will launch a new GST registration system under GST 2.0 reforms, offering automatic approval and faster registration for low-risk applicants.
The Delhi High Court has upheld that GST registration can be cancelled if businesses fail to pass on tax cut benefits to consumers, reinforcing anti-profiteering rules under Section 171 of the CGST Act to ensure lower prices and consumer protection.
With the September 30, 2025 Income Tax Audit deadline approaching, only 8% audits are done. CAs and traders demand deadline extension due to workload, delays and festivals.
Discover key deductions available under both old and new tax regimes, including standard deduction, employer contributions, gratuity, and family pension. Compare regimes to save more on taxes in FY 2024-25.
India may overhaul its GST structure for automobiles. Motorcycles above 350cc could face a steep 40% tax, while bikes and scooters under 350cc may benefit from a lower 18% GST. Find out how this change could impact prices, manufacturers, and buyers ahead of the September GST Council meeting.
What is GSTR-1? A complete guide on filing, due dates, eligibility, amendments, late fees & GSTN updates for taxpayers under the monthly and QRMP schemes.
The Income Tax Act 2025, effective from 1 April 2026, replaces the 1961 Act with simplified provisions, new tax slabs, the concept of "tax year," consolidated TDS rules and recognition of digital assets for taxation.
In this guide, you will be told in detail about eligibility, required documents, the updated registration process of 2025, fees, common mistakes, new GST rules and post-registration compliance.
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