ITR-U: Now Allowed for 48 Months with New Tax Rates
Budget 2025 Update Time Limit The time-limit for filing updated returns has been extended: Taxpayers can file an updated return […]
TDS on Rent: New Threshold For FY 2025-26
TDS on rent refers to the deduction of a certain percentage of tax by the tenant before making a rental
TDS on Hotel Room Rent: Annual Limit Increased For FY 2025-26
TDS on hotel room rent in India applies under certain conditions as per the Income Tax Act. Budget 2025 UpdateThe
Income Tax For Senior Citizens: Limit Doubled For FY 2025-26
Income Tax for Senior Citizens above 75 years are exempt from paying income tax. Who are called Senior Citizens? Senior
GSTR-5: Monthly Return Filing Rules and Consequences
GSTR-5 is a document or statement that has to be filed by every registered non-resident taxable person for the period
Income Tax Penalties and Appeals: Understanding the Legal Process
Introduction Taxpayers are required to comply with tax laws and regulations, but mistakes, delays, or omissions can lead to penalties.
GST Registration: Major Changes in 2025
GST Registration is a process by which a business obtains a unique GSTIN (Goods and Services Tax Identification Number) to
How the IT Department is Leveraging AI to Detect Tax Evasion?
The Income Tax Department is increasingly using Artificial Intelligence (AI) to combat tax evasion, leveraging advanced technologies to improve compliance
GSTR-9C: Late Fee Waived off Till March 2025
GSTR-9C is a reconciliation between GST turnover with the Audited Financial Statement. Latest Update As per Notification No. 08/2025 taxpayers
Invoice Management System: Key Scenarios for GSTR-2B Generation
Invoice Management System (IMS) is a new functionality developed on the GST portal which allows taxpayers to manage their invoices
GSTR-1A Filing Timeline: Important Deadlines for Taxpayers
GSTR-1A is a return that allows taxpayer to modify the details of outward supplies furnished in GSTR 1 or can
Impact of GST Rate Rationalization on SMEs in 2025
In 2025, the rationalization of India’s Goods and Services Tax (GST) rates is poised to significantly impact Small and Medium