The Income Tax Department has officially opened the e-filing portal for ITR-1 (Sahaj) and ITR-4 (Sugam) for Assessment Year (AY) 2025-26. This means you can now file your tax returns for income earned between April 1, 2024, and March 31, 2025. Choose Your Filing Method The Department is making filing easier than ever with two … Read more
India’s industry leaders are pushing for a major shake-up of the Goods and Services Tax (GST) system. They’ve formally asked the government to bring key sectors like petroleum products, electricity, and real estate under the GST umbrella. The goal? To broaden the tax base and, in turn, reduce overall GST rates for everyone. Why the … Read more
What is Form 26AS? The Tax Form That Can Save You From Notices The tax filing season for 2025 is officially underway, with Income Tax Return (ITR) Excel Utilities for ITR-1 and ITR-4 already available for download. So far, over 1.23 lakh ITRs have been filed. As taxpayers begin the process, it’s crucial to carefully … Read more
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(Set up by an Act of Parliament)NOTIFICATIONNew Delhi, the 3rd June, 2025(CHARTERED ACCOUNTANTS)No. DD/1/S/INF/09/DC/40/2009.—In terms of the provisions of Section 21B(3) of the CharteredAccountants Act, 1949 read with Rule 18(17) of the Chartered Accountants (Procedure of Investigations ofProfessional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary … Read more
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 3rd June, 2025S.O. 2479(E).––In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of section 138 of theIncome-tax Act, 1961, the Central Government hereby specifies ‘Secretary to the Government of Maharashtra,Women and Child Development’ for the purposes of the said clause in connection … Read more
Board of Studies (Academic)The Institute of Chartered Accountants of India ANNOUNCEMENTCommencement of Live Virtual Classes for the students of CA. Final courseappearing in May 2026, September 2026 and January 2027 ExaminationsThe Board of Studies (Academic) announces the commencement of ‘Live VirtualClasses’ to handhold and support the students appearing in May 2026, September2026 and January 2027 … Read more
Big news for those sticking with the old tax regime this tax season! The Income Tax Department is rolling out some significant changes for Assessment Year 2025-26 (that’s for income earned in Financial Year 2024-25). Get ready for increased scrutiny and enhanced disclosure requirements if you’re claiming deductions. Why the Change? The main goal here … Read more
Properties worth over 7 Crores attached in a Disproportionate Assets case The Special Judge, Anti Corruption, CBI Court no.1, Ghaziabad has issued ad-interim order on 02.06.2025 for attachment of 14 properties of the then Additional Commissioner, Income Tax in a case related to Disproportionate Assets. Central Bureau of Investigation (CBI) had registered a Disproportionate Assets … Read more
View enforcement and facilitation as collective forces; investigate holistically and root enforcement operation in data as well as dharma: FM Smt. Sitharaman Shri Pankaj Chaudhary commends DRI incorporating technology and data analytics into its functioning swiftly Shri Arvind Shrivastava appreciates DRI’s role in creating a safe and secure economic environment as a cornerstone of India’s … Read more
Yes Bank is gearing up for a significant financial boost, with its board approving plans to raise a total of ₹16,000 crore. This substantial capital infusion will come from a mix of equity and debt securities. The bank aims to raise ₹7,500 crore through the issuance of eligible equity securities. This move is designed to … Read more
