The Income Tax Department has enabled online filing for ITR-3 for Assessment Year 2025-26, simplifying tax compliance for individuals and HUFs with business or professional income. This blog post details who needs to file ITR-3, highlights key updates for the current assessment year (including changes in AL reporting and VDA schedules), explains the benefits of online filing, and provides a step-by-step guide to assist taxpayers. It also subtly promotes MyITROnline for expert assistance.

The GST Portal has introduced a crucial update enabling taxpayers to file appeals (Form APL-01) against rejection orders (SPL-07) issued under the GST Amnesty Scheme. This provides a vital recourse for businesses whose applications for penalty and interest waivers were denied. This detailed guide covers the context of the amnesty scheme, the significance of this new online appeal functionality, critical points to consider before filing (like the 'no withdrawal' policy and pre-deposit requirements), and a comprehensive step-by-step process for filing the appeal on the GST Portal.

Form 1 for the Declaration of Taxable Value of Securities (DTVSV) 2024 is now available for online submission. By October 31, 2024, taxpayers who own securities as of March 31, 2024, must submit this form. Up to December 31, 2024, a late return may be submitted; however, there will be a ₹1,000 penalty. In the event that the form is not submitted by the stipulated deadline, there will be a penalty of ₹10,000 and potential interest on unpaid taxes. Find out how to easily file Form 1 online and make sure you're following the DTVSV rules.