IndiaTax

GST Shake-Up: 12% Slab Out, What Gets Cheaper (or Pricier)?

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GST Shake-Up: 12% Slab Out, What Gets Cheaper (or Pricier)?

The GST Council is set to shake up India’s tax structure by potentially eliminating the 12% tax slab, reducing the total number of major slabs from four to three. This significant move, aimed at simplifying the Goods and Services Tax (GST) framework, is expected to be discussed at the Council’s meeting in late June or … Read more

ITR 2024-25: Who’s Required to File and Why You Should Even If Not

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ITR 2024-25: Who’s Required to File and Why You Should Even If Not

ITR filing for the financial year 2024-25 (Assessment Year 2025-26) has officially begun, with the Income Tax Department permitting Excel Utility-based returns since May 30th. While online filing is still on the horizon, nearly 55,000 returns have already been filed as of June 2nd, 2025. Who Needs to File an Income Tax Return (ITR)? Whether … Read more