The Central Board of Direct Taxes (CBDT) has issued a significant corrigendum to the recently enacted Income-tax Act, 2025. This blog post delves into the necessity and impact of these corrections, highlighting various typographical, grammatical, and structural fixes. It explains why such legislative "housekeeping" is crucial for legal accuracy and preventing disputes, while also providing context on the broader reforms introduced by the Income-tax Act, 2025, including a simplified structure, unified tax year, and digital-first assessments. The key takeaway emphasizes that while the corrigendum doesn't alter tax policy substance, it ensures the Act is legally sound and ready for smooth implementation, supporting India's goal of a simpler, more transparent tax framework.

The Central Board of Direct Taxes (CBDT) is implementing significant changes to income tax forms and rules, effective April 2025, following the new Income Tax Act of 2025. The initiative focuses on simplifying tax filing through smart, pre-filled forms, drastically reducing the number of forms from 200 to under 100, and ensuring robust protection for digital data collected during tax procedures. While new ITR forms are slated for 2027, immediate efforts are on TDS, TCS, advance tax, and exemption forms. These reforms aim to enhance transparency, ease compliance, and create a smarter, safer tax environment for Indian taxpayers.

This blog post details India's landmark decision to replace the sixty-year-old Income-tax Act, 1961, with the new, simplified Income-tax Act, 2025, which will be effective from April 1, 2026. It breaks down the key changes in simple terms, explaining the reduction in legal complexity, the introduction of a unified "Tax Year," clearer definitions for digital assets, and the move towards faceless, technology-driven tax processes. The post highlights how these changes aim to create a more transparent, efficient, and taxpayer-friendly direct tax system for individuals and businesses across the country.

This blog post details the recent mandatory implementation of Aadhaar OTP verification on the Income Tax e-Filing portal for ITR verification and other services. It explains the reasons behind this shift, focusing on enhanced security, streamlined processes, and data integration. The post outlines the crucial impact on taxpayers, emphasizing the necessity of PAN-Aadhaar linking and updated mobile numbers. It also provides actionable steps for those not yet ready and reiterates the benefits of this digital transformation for tax administration in India.

This blog post details a significant update for taxpayers who have received a notice under Section 158BC of the Income-tax Act, 1961. It explains that Form ITR-B, a special return for undisclosed income found during past search and seizure operations, can now be submitted conveniently through the Income Tax portal's e-Proceeding tab. The article clarifies what a Section 158BC notice entails, highlights the benefits of online submission (convenience, efficiency, transparency), provides step-by-step guidance, and emphasizes the crucial role of professional advice for these complex assessments.

This blog post provides a comprehensive overview of the significant income tax changes coming into effect in India from July 1, 2025. It details the more attractive new tax regime with revised slabs and increased deductions, the extended ITR filing deadline, the mandate for Aadhaar in PAN applications, and the real-time PAN-bank linking system. Furthermore, it touches upon the updated ITR forms and the broader proposals of the Income Tax Bill 2025, offering taxpayers crucial insights for compliance and effective tax planning.

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.

The Income Tax Department has made Aadhaar-based OTP verification mandatory for PAN registration on its e-filing portal. This crucial update aims to enhance security, prevent fraud, and streamline identity verification. The blog explains what this change means for applicants, the reasons behind the shift (like improved verification and faster PAN-Aadhaar integration), and the steps individuals need to take, emphasizing the importance of having an active mobile number linked to Aadhaar for a smooth application process.

For non-profit organizations, charitable trusts, and societies in India, securing 12A registration is vital for income tax exemption. With the Indian government's move towards digital governance, the 12A registration process has undergone significant updates. This blog post provides a detailed look at the latest guidelines, including mandatory online filing via Form 10A/10AB, the requirement for re-registration for existing entities, the new 5-year validity period, and essential steps to ensure a smooth, compliant experience for your organization.

The Central Board of Direct Taxes (CBDT) has introduced significant updates to the Income Tax Return Verification Form (ITR-V) and the ITR-Acknowledgement form for Assessment Year 2025-26, effective retroactively from April 1, 2025. These changes, announced under Notification No. 45/2025, are part of the Income-tax (Seventeenth Amendment) Rules, 2025, and are designed to streamline e-filing and verification, enhance security, and promote paperless tax administration. Key features include detailed verification options, improved security, comprehensive return summaries, and a strong emphasis on electronic verification, ensuring a faster, more convenient, and compliant tax filing process for millions of taxpayers.

This blog provides a detailed breakdown of modifications in ITR-1 and ITR-4 forms for Assessment Year 2025-26 based on a recent analysis. It explains the new allowance for minor LTCG under Sec 112A (up to ₹1.25 lakh) in both forms, the enhanced conditional presumptive tax limits under Sec 44AD/44ADA linked to digital receipts, and common changes. These common changes include expanded disclosures for Form 10-IEA (new tax regime opt-out), mandatory specific clause selection for Chapter VI-A deductions, enhanced reporting for Sec 89A (foreign retirement income), compulsory disclosure of all active Indian bank accounts, and mandatory selection of a refund account. The post advises taxpayers on how to prepare based on these specific updates.

The CBIC has notified the GST Appellate Tribunal (Procedure) Rules, 2025, effective April 24, 2025. These rules establish a detailed framework for the GSTAT, emphasizing mandatory e-filing via a dedicated portal, allowing hybrid hearings, and setting clear timelines. Key features aim to streamline GST dispute resolution, ensuring transparency, efficiency, and faster processing of appeals, thereby reducing the burden on High Courts and boosting taxpayer confidence.