GSTR-3B: Auto-Population of Table 3.2 Made Non-Editable from April 2025
Table 3.2 of Form GSTR-3B captures inter-State supplies which are made to: The values in Table 3.2 of GSTR-3B auto-populates […]
Reporting of HSN Codes in GSTR-1: Changes in Table-12 from April 2025
As per the advisory on 22nd January 2025, GSTN published that after the successful implementation of Phase-I & Phase-II now
Trump’s Tariff: 90 Days Relief for all Except for China
Tariff is generally tax imposed by a government on goods and services that are imported from other country. U.S. President
Form ITR-B: Filing Return for Block Period After Search
Form ITR-B is a new income tax return form which is specifically designed for taxpayers subjected to search or requisition
ICAI’s New Financial Statement Format for FY 2024–25: Mandatory or Optional?
ICAI has introduced a new financial statement format for non-corporate entities such as proprietorship firms, individual businesses, Limited Liability Partnerships
Section 44BBC: New Tax For Cruise Ship Operators From April 2025
Section 44BBC is a new rule in the Income Tax Act which has been designed to help non-resident cruise ship
New Tax Rules From 1st April 2025: Full Breakdown
Income Tax Slabs The new income tax regime has been made the default tax regime. The slab rates are: Income
ITR Filing for Deceased Person: Legal Heir’s Role & Responsibilities
When a taxpayer passes away, their legal heir or representative is responsible for filing their ITR as the income earned
Agriculture Income: Turn Past Farm Losses into Tax Savings in 2025
What is Agricultural Income? The term “Agricultural Income” is defined in three parts under IT Act u/s 2(1A)(a), 2(1A)(b), 2(1A)(c)
Deductions Allowed to Salaried Individuals in New Tax Regime For FY 2025-26
New Tax Regime was introduced in the Finance Act 2020 and effective from FY 2020-21. Section 115BAC offers a simplified
Section 194Q: Relief for Sellers from 1st April 2025
Section 194Q, introduced via the Finance Act 2021 and effective from 1st July 2021, mandates Tax Deducted at Source on
GST Amnesty Scheme: Save on Penalties Before 31st March 2025
GST Amnesty Scheme was introduced by CBIC to help non-filers by offering a one-time waiver of late fees, encouraging voluntary