CAclubindia News

GSTN Adds DBS Bank India as Authorized Partner for GST Payments

05 September 2025 at 09:42

GSTN adds DBS Bank India as an authorized bank for GST payments, raising the total to 32. Taxpayers can now use DBS for Net Banking and OTC payments, boosting convenience and compliance.

Posted in GST | 396 Views

CBDT Issues Corrigenda to Income Tax Act, 2025

05 September 2025 at 09:36

The Ministry of Law & Justice issues corrigenda to the Income-tax Act, 2025, correcting typographical errors and replacing "previous year" with "tax year," ensuring accuracy ahead of its April 1, 2026 rollout.

Posted in Income Tax | 4122 Views

CBDT Extends Infrastructure Tax Exemption Deadline to March 2030

05 September 2025 at 09:31

CBDT issues Circular No. 11/2025 extending the tax-free investment window under Section 10(23FE) from March 2025 to March 2030, boosting infrastructure funding in India.

Posted in Income Tax | 333 Views

Income Tax Act, 2025 Explained: Effective Date, Key Reforms & Impact

05 September 2025 at 09:26

Income Tax Act, 2025 takes effect from April 1, 2026, simplifying laws, defining 'Tax Year,' recognizing VDAs, and ensuring transparency & digital compliance.

Posted in Income Tax | 1707 Views

GST Reforms 2025: Relief for Common Man, Boost for Businesses

05 September 2025 at 09:13

GST undergoes Next-Gen reforms with a simplified 2-slab structure (5% & 18%), rate cuts on essentials, medicines, cars, cement and farm equipment, plus 40% tax on luxury/sin goods.

Posted in GST | 2130 Views

Central Govt Employees Can Opt for UPS to NPS Switch Till 30 Sept 2025

05 September 2025 at 09:00

The Government has allowed a one-time, one-way switch from the UPS to the NPS for eligible Central Government employees under specific conditions. Employees must exercise this option by 30th September 2025

Posted in Corporate Law | 129 Views