This blog post provides a detailed overview of the key highlights from the Income Tax Return (ITR) filing season for Assessment Year (AY) 2025-26, as of September 8, 2025. It showcases significant statistics including over 13.36 crore registered users, more than 5 crore returns filed, nearly 4.72 crore verified returns, and over 3.39 crore processed returns. The post emphasizes the growing trust in the e-filing platform, faster processing times, and the success of India's digital transformation in tax administration, positioning the Income Tax Department as "Success Enablers."

This blog post provides a comprehensive yet easy-to-understand guide to saving Long-Term Capital Gains (LTCG) tax arising from property sales in India. It delves into three crucial sections of the Income Tax Act – Section 54, Section 54EC, and Section 54F – detailing their eligibility criteria, investment options, time limits for reinvestment, and lock-in periods. The post also includes a comparative table and a practical example to illustrate how these exemptions work, empowering taxpayers to make informed decisions and potentially reduce their tax liabilities.

This blog post provides a comprehensive guide to the upcoming GST rate changes in India, effective 22 September 2025, focusing specifically on the implications for Input Tax Credit (ITC) on stock. It explains the new simplified tax slab structure (5%, 18%, 40% for luxury goods) and details how businesses should handle ITC for stock purchased before the changes, supplies made after the changes, and unsold old inventory. The post offers practical advice on identifying stock, claiming eligible ITC, reversing ITC where necessary, seeking manufacturer support, and maintaining audit-ready records to navigate this significant tax transition effectively.

This blog post analyzes the impact of the latest GST reforms on the Indian media industry. It highlights how, despite appeals from media and advertising groups, the sector received no significant relief regarding tax parity for digital publications, input tax credit access, or flexible tax payment timing. The article details the approved reforms that benefited other sectors and consumers, contrasting them with the ignored pleas of the media, leading to concerns about worsening the digital divide, liquidity pressure, and hindered cost recovery. It concludes that the lack of targeted reforms poses a major setback for innovation, job creation, and overall growth in the Indian media landscape.

This blog post details the Central Board of Direct Taxes' (CBDT) extension of due dates for filing Income Tax Returns (ITRs) and tax audit reports for Assessment Year (AY) 2025-26. It explains the reasons behind the extension, provides a clear table of new deadlines for various taxpayer categories (individuals, audit cases, and transfer pricing cases), and discusses why tax professionals are still advocating for further extensions. The post also outlines the penalties and interest associated with missing these extended deadlines, including fees under Section 234F and interest under Section 234A. Finally, it offers practical advice for taxpayers to ensure timely compliance.

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.

India is set to implement GST 2.0 from September 22, 2025, introducing a new 40% GST rate for "sin" and luxury goods. This reform simplifies the existing tax structure, lowers GST on essentials, and aims to balance public health with revenue generation. The move will benefit households with reduced costs on necessities, while consumers and industries dealing with luxury and harmful products will face higher taxes.GST 2.0: India Introduces New 40% Tax Slab for Luxury & Sin Goods

This guide explains the crucial aspects of Futures & Options (F&O) taxation in India. It clarifies that F&O income is categorized as 'Non-Speculative Business Income', detailing how to calculate turnover based on 'absolute profit' plus premiums. The guide outlines various deductible expenses to reduce taxable income and explains when a tax audit is mandatory, especially for losses or specific turnover thresholds. Finally, it covers how to manage F&O losses through set-off and carry-forward, and provides essential information on ITR filing (ITR-3), applicable tax rates, and advance tax payments, ensuring traders stay compliant and manage their finances effectively.

This guide explains the crucial aspects of Futures & Options (F&O) taxation in India. It clarifies that F&O income is categorized as 'Non-Speculative Business Income', detailing how to calculate turnover based on 'absolute profit' plus premiums. The guide outlines various deductible expenses to reduce taxable income and explains when a tax audit is mandatory, especially for losses or specific turnover thresholds. Finally, it covers how to manage F&O losses through set-off and carry-forward, and provides essential information on ITR filing (ITR-3), applicable tax rates, and advance tax payments, ensuring traders stay compliant and manage their finances effectively.

This blog details the significant GST cuts introduced as a 'Diwali gift' for the nation. It highlights how these reforms aim to simplify the tax structure and ease financial burdens across various sectors including daily essentials, agriculture, healthcare, education, and certain electronic appliances and vehicles, ultimately fostering a self-reliant India. The article also touches upon process reforms and a positive message from the Prime Minister.

This blog details the recent changes by the CBDT in relaxing certain "black money" rules, aiming to provide significant relief to Indian taxpayers. It explains the rationale behind these changes, focusing on the rationalization of penalties, re-evaluation of "undisclosed" status, new opportunities for compliance, and a reduction in harassment and litigation. The article highlights who benefits from these relaxations, positions them within a broader shift towards trust-based taxation, and advises taxpayers on necessary steps to take.

This blog provides a simple guide to help taxpayers differentiate between genuine and fraudulent income tax notices. It outlines five key verification steps, such as checking the DIN and sender details, to prevent falling victim to financial scams.