ITR Filing Deadline: Will CBDT Extend the Due Date? The deadline for filing Income Tax Returns (ITR) for Assessment Year (AY) 2025-26 is September 15, 2025. This date applies to individuals and taxpayers whose accounts are not subject to an audit. Despite this being an extended deadline, a growing number of professional bodies are urging … Read more
From September 22, 2025, India will see a significant Goods and Services Tax (GST) overhaul, shifting from a four-slab system to a simplified two-slab structure. The new rates will be 5% for common-use items and 18% for all other goods and services, eliminating the previous 12% and 28% slabs. This reform aims to both simplify … Read more
CBIC Issues Alert on Fake GST Messages; Clarifies New Tax Rules The Central Board of Indirect Taxes and Customs (CBIC) is warning the public to be cautious of a fake message circulating on social media. The message, falsely attributed to the CBIC Chairman, claims that certain Goods and Services Tax (GST) transition benefits will be … Read more
Zomato, Swiggy, Blinkit Orders to Cost More: Here’s Why Starting September 22, 2025, your favorite online food and grocery orders are likely to get more expensive. The Indian government has announced a new tax rule that will directly impact platforms like Zomato, Swiggy, and Blinkit, and the cost is expected to be passed on to … Read more
Nirmala Sitharaman Thanks States for Unanimous GST Overhaul Support Union Finance Minister Nirmala Sitharaman has expressed her deep gratitude to state finance ministers for their unanimous support in overhauling the Goods and Services Tax (GST) regime. The finance minister wrote to each of them, thanking them for their active role in the landmark decision. In … Read more
The Income Tax Department has announced the release of new utilities on its e-filing portal to streamline the tax filing process for various taxpayers. Key Updates for Taxpayers: The release of these utilities is part of the department’s ongoing efforts to create a more efficient and user-friendly e-filing ecosystem.
Have you received a tax notice from the I-T department? Here’s how to respond Receiving a tax notice from the Income Tax Department can be unsettling, whether you have filed your returns or not. It is a formal communication from the department, often highlighting discrepancies or non-compliance. Here’s a guide on how to understand and … Read more
The Professional Development Committee (PDC) is pleased to announce that the Multipurpose Empanelment Form (MEF) for 2025-26 is now available. This form is crucial as the information you provide will be shared with various authorities, including the RBI and NABARD, for the purpose of empanelment for professional work. How to Apply We highly recommend all … Read more
No GST Relief for Indian Media Industry Despite a rationalization exercise that cut GST rates on over 400 products and services, the Indian media industry’s plea for a tax cut has been denied. Broadcasters, including those providing DTH, IPTV, and digital media services, will continue to be taxed at 18%. This decision comes even as … Read more
A recent overhaul of India’s Goods and Services Tax (GST) system, effective September 22, will see a new 18% GST levied on online delivery services. The GST Council’s decision brings local e-commerce delivery services under Section 9(5) of the CGST Act, which means companies like Zomato and Swiggy will now be responsible for paying GST … Read more
