The due date to file your income tax return (ITR) for the financial year 2024-25 is September 15, 2025. This deadline applies to most individual taxpayers who don’t need to have their accounts audited. The original July 31 deadline was extended by the Central Board of Direct Taxes (CBDT) to give people more time to … Read more
Tax Refund Alert 2025: Don’t Fall for the “Extra Refund” Scam The 2025 income tax return (ITR) filing season is here, and with it, a new warning for taxpayers: beware of offers promising “extra refunds.” While the thought of a larger refund is tempting, experts caution that these schemes can lead to severe financial and … Read more
ITR-5 Excel Utility Now Live for AY 2024-25: What You Need to Know The Income Tax Department has released the new ITR-5 Excel Utility for the Assessment Year 2024-25, making it easier for eligible entities to file their annual returns. This updated form includes new reporting features and crucial deadlines you need to be aware … Read more
Gold Tariffs: What the White House’s Move Means for Indian Investors The White House’s decision to exempt gold bars from U.S. import tariffs is a significant development that has sent ripples through the global bullion market. This move, which aims to resolve recent market turmoil, has a direct and indirect impact on Indian investors. The … Read more
If you’ve filed your Income Tax Return (ITR), be on the lookout for a new phishing scam. The Income Tax Department has issued an alert about fraudulent emails promising tax refunds. Scammers are impersonating the department to trick you into revealing personal and financial information. What is the scam? Fraudsters are using a fake email … Read more
India’s Crypto Tax: A Four-Layered Reality Indian crypto investors face a stringent and layered tax structure for Virtual Digital Assets (VDAs) as of 2025. According to experts, the rules are “uncompromising,” regardless of whether the market is bullish or bearish. 1. Flat 30% Income Tax: Under Section 115BBH of the Income Tax Act, all gains … Read more
In a move to simplify India’s direct tax laws, the Indian government has withdrawn the Income-Tax Bill, 2025, which was originally introduced on February 13. A new and revised version of the bill is set to be tabled on August 11. The decision to withdraw the initial draft came after a Select Committee, led by … Read more
The rapid shift to a digital economy in India means that heavy cash transactions can now come with a heavy cost. If you still rely on large cash payments, you could face significant tax penalties and lose out on valuable deductions. Here’s a breakdown of the key rules, limits, and penalties you need to know. … Read more
ITR Filing Alert: The Deadline is September 15, 2025! The income tax return (ITR) filing season is in full swing, and if you’re a first-time filer in India, this is especially for you. The deadline to file your ITR for the financial year 2024–25 (Assessment Year 2025–26) has been extended to September 15, 2025. Don’t … Read more
A recent tax law change is making share buybacks more expensive for investors. Effective October 1, 2024, the tax on share buybacks, previously paid by the company, will now be the responsibility of the shareholder. Key Changes and Their Impact Strategies to Reduce Your Tax Hit Since you can’t directly lower the tax on the … Read more
