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 […]
Waiver of Levy of Interest u/s 201(1A)(ii)/206C(7) Read More »
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
Key Changes in Form 3CD Read More »
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
Rebate under Section 87A – A Legal Fiasco? Read More »
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
A deep analysis of the Invoice Management System (IMS), 2025 Read More »
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.
Finance Bill 2025 Passed in Lok Sabha with Amendments: Key Amendments Read More »
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.
A deep dive of Updated return (ITR U) – Section 139(8A) Read More »
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
MSME : Definition, Meaning & Latest MSME Classification Limits – 2025 Read More »
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
Spread the love Introduction As businesses gear up for evolving GST compliance, understanding the role of credit notes and their e-invoicing requirements is crucial. Starting April 1, 2025, significant changes
Credit Notes and E-Invoicing Requirements: What You Need to Know From April 1, 2025 Read More »
