The Government will soon release simplified ITR forms for AY 2026–27, aligned with the new Income-tax Act, 2025. These updated forms aim to make filing easier, reduce compliance burden, and reflect changes expected in Budget 2026. Here’s a quick, clear overview for taxpayers.

Filing GSTR-9 for FY 2023-24 can be confusing if you recorded some entries in FY 2024-25. This guide shows where to report late ITC, missed sales/debit notes, credit notes, and reverse charge so your annual return is accurate.

The Delhi High Court has cancelled duplicate GST demand notices (DRC-07) raised for the same transaction across different financial years, confirming that tax can only be demanded for the year in which the transaction occurred.

Section 112A of the Income Tax Act governs taxation of long-term capital gains on listed equity shares, equity-oriented mutual funds, and business trust units. It provides exemption up to 1,00,000 and levies 10% tax beyond that, without indexation benefit.

Starting December 2025, GST registrations will face automatic suspension if bank account details are not updated within 30 days or before filing GSTR-1/IFF. This new compliance rule directly impacts filing, billing, and business continuity, making timely updates essential for businesses.

A clear, practical checklist for filing GSTR‑9 for FY 2024‑25. Covers revenue matching, ITC accuracy, RCM compliance, import alignment, reconciliation, and common filing pitfalls to help avoid scrutiny and penalties.

The government has permanently exempted businesses with turnover up to 2 Crores from filing GSTR-9. The move aims to reduce compliance burden while ensuring monthly and quarterly GST filings continue.

Starting 5th December 2025, businesses registered under GST must update their bank account details within 30 days of registration or before filing GSTR-1/IFF, whichever is earlier. As per Rule 10A, failure to comply will result in automatic suspension of GST registration. The update process requires furnishing bank account number, IFSC code, and a cancelled cheque or bank statement via the GST portal. While OIDAR and NRTP taxpayers are exempt, OIDAR taxpayers with a representative in India must provide bank details. Timely compliance ensures uninterrupted GST registration and avoids cancellation proceedings.

A simple guide to Section 80EEB, explaining how individuals can save up to ₹1,50,000 annually on EV loan interest, eligibility rules, and how to claim the deduction under the old tax regime.

This blog explains in simple language why taxpayers may have to pay extra interest if they delay filing their return, pay less tax during the year, or miss advance tax installments. It breaks down Sections 234A, 234B and 234C in an easy format and shares how timely payments can help avoid extra charges. If your final tax payable is less than ₹10,000, these rules normally do not apply.

A simplified guide to ITC changes in GSTR-9 and GSTR-9C for FY 2024-25, covering late claims, reversals, reclaims, and reconciliation requirements.

There is no halt on refund processing by CBDT. Only high-risk refund claims are being held for verification, while smaller refunds are being processed normally. Most legitimate refunds are expected to be released by December.