The Bill proposes later return filing deadlines, longer revision windows, and electronic TDS certificate mechanisms. The key takeaway is reduced compliance pressure and fewer procedural disputes.
This explains how salary income is taxed under Sections 15 to 19 of the 2025 Act. The key takeaway is that both cash and non-cash employment benefits are comprehensively covered.
Breaks down the new mandate that key expenses—taxes, PF, interest, leave encashment, and MSME dues—are deductible only on actual payment. Highlights major compliance changes and exceptions.
ITR Forms 1 & 4 for AY 2025-26 are notified with changes including LTCG reporting, presumptive taxation limits, and additional disclosure requirements.
Understand new Tax Bill 2025’s Sections 3 & 4. Learn about tax year definition and simplified income tax charge structure starting 1st April 2026.
Explore simplified summary of 10 important changes in Union Budget 2025 concerning direct taxes. Understand new income tax rates, MSME criteria, TDS thresholds, and more.
GST clarification on vouchers: no GST on vouchers themselves, but applicable on services like commission, marketing, and unredeemed vouchers.
GST Amnesty Scheme 128A offers relief on tax demands from FY 2017-18 to FY 2019-20. Eligible taxpayers can settle dues by March 2025 without penalties or interest.
Understand the new Invoice Management System (IMS) effective from 01.10.2024. Learn about recipient actions like acceptance, rejection, and pending status, impacting GSTR-2B and GSTR-3B filings under GST.
Discover key TDS rate reductions and new sections introduced in Union Budget 2024, including changes for insurance commissions, e-commerce, and more.
