CBDT has notified updated ITR forms for AY 2025-26. Changes include revised asset reporting thresholds, capital gains bifurcation, specific TDS/deduction reporting, and expanded eligibility for ITR-1/ITR-4.
Summary of recent Indian economy and GST developments: US tariffs, revised growth forecasts, new GSTAT rules, GST registration updates, key court rulings, and April 2025 collection data.
Learn how small businesses in India can optimize tax benefits through strategic structuring, presumptive taxation, deductions, MSME benefits, GST ITC, and available incentives.
Explore the judicial perspective on bail denials under CGST Act Section 132, highlighting the “bail is rule” principle and impact of recent court decisions.
Clarification on GST Input Tax Credit availability for demo vehicles used by authorized dealers, addressing Section 17(5)(a) blockage and capitalization.
Supreme Court rules stamp vendors are public servants under the Prevention of Corruption Act due to their public duty, but acquits vendor citing lack of bribe demand proof.
Learn about the revised ITR-1 (Sahaj) & ITR-4 (Sugam) forms for AY 2025–26. Updated rules include LTCG reporting, income limits, and filing tips for small taxpayers.
Explore the role of judicial discipline in GST and indirect taxes. Understand its implications, binding nature of precedents, and challenges faced in litigation.
File LLP Form 11 for FY 2024-25 by 30th May 2025 to avoid ₹100 daily penalties. Learn about the filing process, common mistakes, and mandatory requirements.
Understand the consequences of an adverse income tax order, including high tax rates, penalties, interest, and steps to appeal or seek relief.
