Articles by Rashmi

New ITR Form 5 for AY 2025-26: Key Highlights Explained

Rashmi 05 May 2025 at 08:28

The Income Tax Department has released a revised Income Tax Return (ITR) Form 5, notified by CBDT via Notification No. 42/2025 dated May 1, 2025, applicable from April 1, 2025, for the Assessment Year 2025-26.

New ITR-3 Form for AY 2025-26: Key Changes, Who Should File & How to Prepare

Rashmi 03 May 2025 at 08:36

This article covers all the critical changes introduced, the implications for taxpayers, and how to prepare for the new reporting requirements.

Income Tax Return Forms ITR-1 and ITR-4 for AY 2025-26: Key Changes and Eligibility

Rashmi 01 May 2025 at 08:33

CBDT has officially notified the updated ITR-1 (Sahaj) and ITR-4 (Sugam) forms for Assessment Year 2025-26 (Financial Year 2024-25), effective from April 29, 2025

New TCS Rule on Luxury Goods from April 22, 2025: What Buyers and Sellers Must Know

Rashmi 25 April 2025 at 08:24

The Central Board of Direct Taxes (CBDT) has announced a new rule on Tax Collected at Source (TCS) for luxury goods. This was first mentioned in the Budget 2024 and is now officially notified through two new announcements on April 22, 2025.

Start-ups, Trusts, NRIs: Brace for Cash Blockage in New TDS Framework

Rashmi 23 April 2025 at 08:36

A major change has been proposed in the new Income Tax Bill, 2025, which could significantly impact how tax is deducted at source (TDS) for both resident and non-resident taxpayers, including NRIs.

New ITR-B Form for Block Assessments (Search & Seizure): Everything a Taxpayer Must Know

Rashmi 11 April 2025 at 08:38

CBDT's Notification No. 30/2025 brings robust procedural clarity to the process of block assessment under search and seizure cases. By introducing Form ITR-B and mandatory digital filing, it enforces transparency and compliance.

RBI Announces Key Measures to Strengthen Banking and Fintech Ecosystem

Rashmi 10 April 2025 at 08:25

In a significant move to enhance India's financial ecosystem, the RBI has introduced six key regulatory proposals aimed at improving risk management, customer experience, and digital innovation across banks and fintech companies.

Navigating the Foreign Contribution (Regulation) Amendment Rules, 2024: Key Changes and Compliance Insights

Rashmi 02 April 2025 at 08:32

This article provides an expert analysis of the key amendments, their implications, and the necessary compliance measures for affected organizations.

New Financial Year, New Rules: Tax Changes That Will Make (or Break) Your Wallet

Rashmi 01 April 2025 at 13:51

Tax Changes That Will Make (or Break) Your Wallet

Why Paying Rent Above Rs 50,000 Requires Extra Tax Compliance

Rashmi 31 March 2025 at 08:40

If you pay more than ₹50,000 in monthly rent, simply claiming House Rent Allowance (HRA) while filing your tax return may not be enough to keep the Income Tax D..