Various exemptions available in respect of capital gains applicable for FY 2025-26 (AY 2026-27) Income Tax Department chart showing various exemptions available in respect of Capital Gains under different sections… Read More
Systemic Deficiencies in e way bill and corrective measures taken by Govt E-Way Bill System: The e-way bill is an electronic document required for the movement of goods exceeding INR… Read More
Guidance on Taxability of GST on Goods Transport Agency (GTA) Services GST on GTA Services Clear & Practical Overview for 2026‑27. Goods Transport Agency (GTA) taxation continues to be one… Read More
Creditors Recover INR 4 Lakh Cr Under IBC Performance (Till Sept 2025) INR 3.99 lakh crore realised by creditors through resolution plans under the Insolvency & Bankruptcy Code up to… Read More
GST Portal Update: GSTR-3B Will Be BLOCKED for ITC / RCM Ledger Mismatch Goods and Services Tax Network has introduced system-based validations in GSTR-3B filing for Electronic Credit Reversal &… Read More
ITR REFUND ALERT – READ THIS BEFORE 31 DECEMBER The Income Tax Dept. has recently started issuing system-generated SMS/emails to taxpayers informing them that ITR processing and refund issuance have… Read More
Comparison of the new tax regime vs. the old tax regime for FY 2025-26 Comparison of the new tax regime vs. the old tax regime for FY 2025-26, including income… Read More
Data on Direct Tax (DT) collections and Advance Tax collections for FY 2024-25 as on 12.01.2025 has been released. Direct Tax Collections (FY26 up to Sept 17, 2025) Net Direct… Read More
New income tax forms & Expected changes & transitional details as of Dec 2025 When the New Income-Tax Act & New Forms Will Apply : The Income Tax Act, 2025,… Read More
Income-tax notices are increasingly data-driven The Income Tax Department now leverages Annual Information Statement/Taxpayer Information Summary/Statement of Financial Transactions reports, foreign remittance data, and cross-border information exchange to identify inconsistencies… Read More