# ai
12 posts in `ai` tag
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Scheme for Waiving Late Fees on GSTR-9 and GSTR-9C: File by March 31, 2025
For GSTR-9 and GSTR-9C filings, the GST administration has implemented a late fee relief program. To avoid penalties, submit your unfiled taxes by March 31, 2025. The waiver terms, the revised late charge schedule, and how to file your returns are all explained in this blog.
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Taxpayers Are Notified of Capital Gains Income Tax: Section 87A Rebate
This blog explains why taxpayers with capital gains are receiving Section 87A rebate notices. Learn about eligibility, common mistakes, and how to respond to income tax notices effectively.
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Understanding Marginal Relief in Income Tax for Income Above 12 Lakh
This blog explores the Indian income tax system's marginal relief idea and explains how it helps taxpayers with earnings over 12 lakh. The blog illustrates how marginal relief lowers the tax due, guaranteeing equity and avoiding excessive tax increases, using the example of a 12,10,000 income. In order to demonstrate how this clause upholds a just and equitable tax system, the blog also provides instances of other income categories that are impacted by marginal relief.
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Mark Your Calendars: Important February 2025 GST Filing Deadlines
Make sure that the crucial GST filing dates in February 2025 are met. This guide helps companies avoid fines and handle Input Tax Credit (ITC) claims by highlighting deadlines for a variety of forms, such as GSTR-3B, GSTR-1, CMP-08, GSTR-5, and more.

New Tax Incentives for Startups & MSMEs in 2025: Key Benefits and Opportunities
In 2025, the Indian government will implement new tax breaks for startups and MSMEs to encourage innovation, alleviate financial constraints, and boost development. Extended tax vacations, lower corporate tax rates, larger turnover limits for presumptive taxation, GST concessions, and capital gains exemptions are among the most significant advantages. These steps are intended to boost competitiveness, increase cash flow, and facilitate digital transformation in the MSME sector.
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How to Save on Capital Gains Tax When Selling or Transferring Property
When selling or transferring property, this blog offers a thorough guidance on how to reduce or eliminate capital gains tax. It discusses a number of legal tactics, including using the Capital Gains Account Scheme, investing in capital gains bonds, reinvesting in residential real estate, and balancing capital gains with losses. The advantages of giving family members property as gifts and deducting costs for renovation and transfer are also covered in the blog.
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CBDT's View on 12 Lakh Tax Rebate: Understanding Capital Gains Exemptions
The Union Budget 2025 included a tax credit for yearly incomes up to Rs 12 lakh, however capital gains are excluded. This blog examines the refund, its exclusions, and ways for maximizing tax savings.
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GST Amnesty Scheme: Essential Elements & Due Dates
The GST Amnesty Scheme is a relief initiative by the government for taxpayers who have missed GST return filings or face compliance issues. This blog explains its key features, eligibility, advantages, and deadlines to help businesses take advantage of the scheme and avoid penalties.
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Highlights of the New Income Tax Bill 2025: Key Changes and Comparison to the 1961 Act
With its streamlined tax rules, updated tax slabs, AI-powered tax administration, and improved compliance procedures, the New Income Tax Bill 2025 is poised to completely transform India's tax structure. This blog examines the main modifications, contrasts them with the Income Tax Act of 1961, and talks about how they affect investors, companies, and taxpayers.
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Big Change in Taxation: 87A Rebate Restricted to Regular Income Only
One significant change brought about by the recent alteration to Section 87A of the Income Tax Act is the removal of the rebate on special rate incomes, such as short-term and long-term capital gains. The Bombay High Court formerly permitted the refund even for earnings with special rates, but this has now been reversed. Even if their total income is less than ₹7 lakh, taxpayers who make capital gains will now be required to pay tax at certain rates. The changes, their effects, and tax preparation techniques are examined in this blog.
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GST Relief for Hospitality Sector: Budget 2025 Key Expectations
In anticipation of important changes including infrastructure status, GST rationalization, digital single-window clearance, talent development programs, and sustainability incentives, the Indian hotel industry is looking forward to Budget 2025. These adjustments have the potential to greatly increase industry expansion, improve worldwide competitiveness, and assist small and medium-sized businesses (SMEs). Explore the main expectations for the next budget by reading on.
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How GST Department Uses Form 26AS, AIS, and ITR for Tax Compliance
To maintain tax compliance, encourage transparency, and identify tax evasion, the GST department uses Form 26AS, AIS, and ITR data in an integrated approach. To stay out of trouble with the law, taxpayers must make sure that their reports are correct and that they are regularly reconciled. Read this blog to understand the process, its effects, and how to maintain compliance.