It seems like many people are frustrated about their delayed income tax refunds for the financial year 2024-25 (AY 2025-26). If you’re one of the many taxpayers still waiting, here are the most common reasons your refund might be stuck. Common Reasons for ITR Refund Delays According to a Chartered Accountant, Siddharth Maurya, the tax … Read more
Thinking of buying a car or two-wheeler this festive season? You might want to wait a little longer. A proposed Goods and Services Tax (GST) overhaul is on the horizon, which could dramatically lower the prices of vehicles, making them much more affordable. According to a report from Nomura, a government panel has endorsed a … Read more
ITR Filing Deadlines Differ After Extension, All Utilities Now Available Almost three months after the Income Tax Department extended the ITR filing due dates for FY 2024-25 (AY 2025-26), the Excel utilities for all tax return forms, from ITR-1 to ITR-7, are finally available on the e-filing portal. While the deadline for many taxpayers has … Read more
Tax professionals advise that even though interest earned on your Employees’ Provident Fund (EPF) and Public Provident Fund (PPF) is often tax-exempt, you should still declare it in your annual Income Tax Returns (ITR). While not reporting it won’t incur a penalty, failing to do so could lead to complications and scrutiny of your finances … Read more
This new post about the Income Tax Act, 2025, is based on the information you provided. It’s written to be clear, engaging, and to the point. Major Overhaul of India’s Tax Law: Income Tax Act, 2025, Gets President’s Assent The Income Tax Act, 2025, has officially been notified, marking a historic reform in India’s direct … Read more
केन्द्रीय अन्वेषण ब्यूरो (सीबीआई) ने राउरकेला रेलवे स्टेशन, राउरकेला, ओडिशा के एक पार्सल लिपिक को शिकायतकर्ता से रिश्वत लेते हुए पकड़ा है। सीबीआई ने दिनांक 21.08.2025 को उक्त आरोपी के खिलाफ मामला दर्ज किया था। आरोप है कि आरोपी पार्सल लिपिक ने शिकायतकर्ता से उसके सामान को प्राथमिकता के आधार पर बुक करने के लिए … Read more
केन्द्रीय अन्वेषण ब्यूरो (सीबीआई) ने, श्रम एवं रोजगार मंत्रालय, भारत सरकार, पुडुचेरी के एक सहायक श्रम आयुक्त (मध्य) और एक निजी व्यक्ति को रिश्वतखोरी के एक मामले में गिरफ्तार किया है। सीबीआई ने 21 अगस्त 2025 को आरोपी सहायक श्रम आयुक्त, एक निजी कंपनी के तीन कार्मिकों, एक निजी व्यक्ति और अन्य अज्ञात लोक सेवकों … Read more
Directorate of Enforcement (ED), Jalandhar Zonal Office, has carried out searchoperations at 8 locations across the state of Punjab on 20.08.2025 under the provisions ofPrevention of Money Laundering Act (PMLA), 2002 in connection with a money launderinginvestigation related to M/s Golden Sandhar Mills Ltd. (erstwhile M/s Wahid Sandhar SugarMills Ltd.) and related entities and persons.ED … Read more
प्रिर्तन वनदेशालय (ईडी), राांची ज़ोनल कायातलय नेझारखांड केपूितमांत्री योगेंद्र साि केपुत्र अांककर् राज ि उसकेछ: सहयोवगयोंकेवखलाफ 21/8/2025 को धन शोधन वनिारण अवधवनयम (पीएमएलए), 2002 केर्हर् बडेपैमानेपर अिैध रेर् खनन ि धनशोधन केएक मामलेमेंमाननीय विशेष न्यायालय (पीएमएलए), राांची मेंअवियोजन वशकायर् (पीसी) दायर की है। अन्यअवियुक्तों मेंमनोज कु मार अग्रिाल, पांचम कु मार, सांजीि कु मार, मनोज … Read more
ITR-7 is a specific income tax return form for certain entities, not for individual taxpayers. It’s used by charitable trusts, political parties, and educational institutions. Who Needs to File ITR-7? ITR-7 is for organizations required to file a return under specific sections of the Income Tax Act. This includes: Essentially, if you are a charitable … Read more
