Compliance Calendar – April 2025
Spread the love Know the compliances which are to be complied with for the month of April 2025 as per Income Tax, GST , PF and ESI. Compliances as per […]
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Waiver of Levy of Interest u/s 201(1A)(ii)/206C(7)
Spread the love The CDBT on 28th March 2025 has issued Circular 05/2025 for waiver of on levy of interest under section 201(IA)(ii)/ 206C(7) of the Act, as the case
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Key Changes in Form 3CD
Spread the love The CBDT vide notification no. 23/2025 has issued the Income Tax (Eighth Amendment) Rules , 2025 introducing significant amendments in Form 3CD. The notification shall come into
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Rebate under Section 87A – A Legal Fiasco?
Spread the love In the first week of July 2024, social media buzzed with taxpayer angst over the Common Offline Utility for AY 2024‑25. Complaints poured in that the utility
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A deep analysis of the Invoice Management System (IMS), 2025
Spread the love Introduction Invoice Management system (IMS) was introduced in the GST portal with effect from 1st October 2024. This system was introduced to streamline the input tax credits
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Finance Bill 2025 Passed in Lok Sabha with Amendments: Key Amendments
The Lok Sabha on Tuesday, the 25th of March, 2025 passed the Finance Bill 2025, clearing a major legislative step toward implementing the proposals outlined in the Union Budget 2025-26.
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A deep dive of Updated return (ITR U) – Section 139(8A)
An understanding on updated return (ITR U) which was introduced in the union budget 2022 by the H’ble Finance Minister to help the taxpayers in rectifying their errors or omissions.
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MSME : Definition, Meaning & Latest MSME Classification Limits – 2025
Spread the love Introduction Micro, Small, and Medium Enterprises (MSMEs) play a major role in India’s economic growth. The MSMEs contribute significantly to Indian GDP, exports, and employment creation. Since
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Understanding Financial Ratios Required Under Schedule III of the Companies Act: A Comprehensive Guide
Spread the love Introduction The Ministry of Corporate Affairs (MCA) in India introduced amendments to Schedule III of the Companies Act, 2013, effective from April 1, 2021, to enhance transparency