This blog post provides an important update on GST for all registered businesses in India. Starting August 1, 2025, the GSTN will permanently prevent the filing of any GST returns that are more than three years overdue, according to the Finance Act, 2023. The article gives examples, such as GSTR-1 for June 2022 and GSTR-9 for FY 2020-21, to show the impact. It strongly urges taxpayers to reconcile their records right away and file any pending returns. The article discusses the serious consequences of not complying, including losing Input Tax Credit and facing legal troubles. It stresses the need to act now to prevent permanent blocking on the GST portal.

This blog post provides a comprehensive yet concise overview of the upcoming E-Way Bill 2.0 system, effective July 1, 2025. It highlights the core objective of ensuring business continuity through a dual-portal operation and real-time data synchronization. Key enhancements, including new service functionalities and API integrations, are detailed, along with the benefits for taxpayers and transporters such as zero downtime and increased efficiency. The post concludes with actionable advice for businesses to prepare for the transition.

This comprehensive blog post provides a detailed overview of the presumptive taxation schemes under Sections 44AD and 44ADA of the Income Tax Act, 1961, for the Financial Year 2024-25 (Assessment Year 2025-26). It explains the eligibility criteria, benefits, and important considerations (like the 5-year rule) for small businesses and professionals. Additionally, it clarifies the requirements for maintaining books of accounts under Section 44AA and the applicability of tax audits under Section 44AB, including the enhanced turnover limits. The blog aims to simplify complex tax provisions, helping taxpayers make informed decisions for better compliance and tax planning.

This detailed blog explores the significant evolution of Form 26AS into the more comprehensive Annual Information Statement (AIS) and Taxpayer Information Summary (TIS). It breaks down the expanded scope of information, including various high-value financial transactions (SFT/AIR data) like property deals, mutual fund transactions, and cash movements, far beyond traditional TDS/TCS. The post emphasizes why these updates are crucial for enhanced transparency, simplified ITR pre-filling, proactive discrepancy identification, and reduced chances of scrutiny. It also provides clear instructions on how to access the new statements and actionable steps for taxpayers to ensure accurate reporting and compliance.

This concise guide explains CBDT's compulsory scrutiny guidelines for FY 2025-26. It outlines the specific high-risk scenarios that can lead to a detailed income tax examination, such as search operations, credible information of tax evasion, or large refund claims. The synopsis highlights that selected taxpayers will receive a Section 143(2) notice for complete, often faceless, scrutiny and advises preparedness and seeking professional help.

This blog post provides a comprehensive overview of all crucial Income Tax deadlines for Financial Year 2024-25 (Assessment Year 2025-26). It details specific dates for Form 16 issuance, ITR filing for non-audit and audit cases (including the extended September 15, 2025 deadline for individuals), advance tax installments, and updated returns. The post emphasizes the importance of meeting these deadlines to avoid penalties and promotes myitronline for reliable tax filing assistance.

The CBIC has clarified that GST notices from the official portal are now valid with a Reference Number (RFN), even without a separate Document Identification Number (DIN). The RFN serves as a unique identifier, making the DIN redundant for these digital communications. This move aims to reduce confusion, simplify verification, and emphasize digital communication. Taxpayers can use the RFN on the GST website to authenticate notices. Caution is advised for notices received without a DIN via other channels.

This blog post serves as a comprehensive guide to selecting the correct Income Tax Return (ITR) form (ITR-1 to ITR-7) for Assessment Year 2025-26 (Financial Year 2024-25). It begins by emphasizing the importance of choosing the right form to avoid penalties and highlights the extended filing deadline for individuals and HUFs. The post then details important updates for AY 2025-26, including changes to LTCG reporting in ITR-1/4, compulsory detailed disclosures for old regime deductions, new TDS section requirements, revised asset reporting thresholds, and the default new tax regime. A simplified overview of applicability and exclusions for each ITR form (ITR-1 to ITR-7) is provided. Finally, it uses seven practical case studies to illustrate how different taxpayer profiles (salaried, freelancers, businesses, firms, companies, trusts) can correctly identify their applicable ITR form. The synopsis concludes by advising readers to consult official guidelines and tax professionals for accurate filing.

This blog post explains the upcoming major change in GST filing: the GSTR-3B's auto-populated tax liability will become non-editable from July 2025. It clarifies why this is happening, introduces GSTR-1A as the crucial form for corrections, and outlines the essential steps taxpayers must take to ensure timely and accurate compliance, including a note on the new 3-year return filing deadline.

This blog post details a critical update for Indian taxpayers claiming deductions under Sections 80DD and 80U for disability for Assessment Year (AY) 2025-26. It highlights the new mandatory requirement to furnish the disability certificate's acknowledgement number in the Income Tax Return (ITR). The post explains the significance of this change for verification and compliance, provides a clear checklist for taxpayers, and outlines essential documentation beyond the acknowledgement number, ensuring a smoother tax filing process under the Old Tax Regime.

June is a critical month for tax and compliance in India. This blog post provides a comprehensive, guide to the over 20 crucial deadlines for June 2025 across Income Tax, GST, Company Law (ROC), and Labour Laws. Learn how to stay compliant, avoid penalties, and ensure the financial well-being and smooth operation of your business. From TDS/TCS and advance tax payments to GST returns and ROC filings, we cover everything you need to know.

This blog post details the significant updates to ROC Annual Filing forms, especially AOC-4 and MGT-7/7A, as part of the MCA V3 portal rollout effective July 14, 2025. It covers changes like integrated web forms, Excel-based data, pre-filled data, and revised submission processes, alongside crucial information on deadlines and penalties to help companies ensure timely and compliant submissions