By: AdminDate: January 14, 2025Category: GST Law | GST Portal Updates | Important NewsReading Time: 4 Minutes The Goods and Services Tax Network (GSTN) has issued Advisory No. 572 on…
Budget 2025: Real Estate Sector Seeks Industry Status, Single-Window Clearance, and Tax Reforms
By: AdminDate: January 14, 2025Category: Budget 2025-26Reading Time: 4 Minutes The real estate sector has pinned its hopes on the Union Budget 2025, seeking long-awaited industry status and various reforms…
Budget 2025: Income Tax Slabs for FY 2025-26 – Comparing Old and New Tax Regimes
By: AdminDate: January 14, 2025Category: Budget 2025-26Reading Time: 4 Minutes Introduction The Finance Act 2024 brought significant changes to the income tax system, amending Section 115BAC. The new tax regime…
Department Must Provide Copies of Documents Seized During Search and Seizure: Delhi High Court Ruling
By: AdminDate: January 14, 2025Category: Important PronouncementsReading Time: 4 Minutes Delhi High Court's Ruling The Hon’ble Delhi High Court, in Aimay (P) Ltd. v. Commissioner of Central Tax, Delhi West…
Tax Relief for the Middle Class: Rising Demands Ahead of Budget 2025
By: AdminDate: January 13, 2025Category: Tax NewsReading Time: 4 Minutes Growing Momentum for Tax Relief As Budget 2025 approaches, demands for tax relief for India's middle class are gaining momentum.…
Direct Tax Collections to Surpass Budget Estimates by ₹73,000–83,000 Crore Despite Decline in Tax Buoyancy
By: AdminDate: January 13, 2025Category: Tax NewsReading Time: 4 Minutes Net direct tax collections for FY 2024-25 are on track to exceed the budget estimate by ₹73,000–83,000 crore. This impressive…
Budget 2025: Simplified Income Tax Code Expected, But No Major Reforms
By: AdminJanuary 11, 2025Categories: Budget 2025-264 Min Read The revamped Income-Tax Act, promising simplicity and clarity, may be tabled during the Budget 2025 session. Finance Minister Nirmala Sitharaman is expected…
CBI Investigates Tax Inspector and Private Employee in Bribery Case Linked to DIT Relief Certificate
By: AdminJanuary 11, 2025Categories: CBI | News4 Min Read The Central Bureau of Investigation (CBI) has filed a case against an income tax inspector and an employee of a private…
Indian Start-ups Returning Home After Angel Tax Removal, Says DPIIT Secretary
By: AdminJanuary 11, 2025Categories: TAX News4 Min Read The decision to abolish the angel tax has encouraged many Indian start-ups to return home by relocating their headquarters to India, according…
99% of Tax Returns Accepted on Trust: Only 1% Face Scrutiny
By: AdminJanuary 11, 2025Categories: Income Tax News | News4 Min Read The Indian tax system operates on a trust-based model, with over 99% of tax returns accepted without scrutiny, according…