New Simplified Income Tax Act 2025 Takes Effect April 1
India's new Income Tax Act, 2025, replaces the 1961 law from April 1, aiming for a simplified tax regime. Read about the key changes and implications.
Category : GST & Taxation
Mitra Slams GST, Says It's Killing Small Businesses
Amit Mitra, advisor to CM Mamata Banerjee, says GST has lost its purpose, strangling MSMEs with complexity. He reveals 955 notifications and a ₹2 lakh crore bleed. Read the full critique.
Madras HC: Govt grants are capital receipts, not taxable income
Madras High Court clarifies Union government grants for rehabilitation are capital receipts, not taxable revenue. Landmark ruling aids Dharmapuri milk co-op union. Read the full analysis.
BJP Accuses AAP of Manipulating Punjab GST Figures
BJP Punjab general secretary Anil Sarin alleges AAP government created an atmosphere of fear and loot in Punjab under GST. Claims of 16% revenue rise are deceptive, he says. Read the full details.
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Delhi HC questions 18% GST on air purifiers in pollution crisis
Delhi High Court criticizes Centre for 18% GST on air purifiers during severe pollution, calls it a 'health emergency'. Court directs GST Council to meet urgently. Read more.
How to Reissue a Failed Income Tax Refund: Complete Guide
Still waiting for your ITR refund? Learn why refunds fail and follow our detailed guide to raise a refund reissue request on the e-filing portal before the deadline.
Revised ITR Filing: No Limit, But Key Deadline is Jan 31
Taxpayers have until January 31, 2025, to file revised income tax returns for AY 2025-26. Learn the step-by-step process and crucial rules for correcting errors in your ITR.
India's Blended Petrol: The Case for Transparent Pricing
As ethanol blending hits 20%, India's petrol price breakdown hides key facts. We explore the dual tax system, hidden costs, and why transparent pricing for blended fuel is crucial for consumers and policy. #Ethanol #PetrolPrices
Auto dealers face ₹2,5k cr hit from GST cess removal
Despite a 17% sales surge, auto dealers face profit squeeze and investor flight due to unresolved GST compensation cess. Supreme Court case looms. Read the full analysis.
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Delhi HC pushes GST cut on air purifiers as pollution soars
Delhi High Court directs GST Council to urgently reconsider 18% tax on air purifiers, calling them a necessity in the city's severe pollution emergency. Read the full story.
Delhi HC Directs GST Council to Discuss Lower Tax on Air Purifiers
Delhi High Court directs GST Council to urgently meet and consider reducing GST rates on air purifiers as city battles hazardous air pollution levels. Read the latest developments.
Delhi HC displeased over no tax exemption on air purifiers
Delhi High Court criticizes authorities for failing to provide tax relief on air purifiers during pollution emergencies. Read the full story on the court's stance for citizen health.
NRI Tax Guide for Joint Accounts & Property Sale
NRIs, learn the tax implications of being a joint holder on parents' Indian bank accounts and the online procedure to apply for a nil TDS certificate when selling property in India. Expert advice inside.
Delhi HC questions 18% GST on air purifiers amid pollution
Delhi High Court questions Centre's 18% GST on air purifiers, calling clean air a basic right as city AQI crosses 350. Court hears plea to declare them medical devices.
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ITR Processing Deadline: CPC Must Finish by Dec 31, 2026
The Income Tax Department's CPC has a strict deadline to process ITRs. If missed, your filed return is deemed accepted. Learn how to claim your refund if delayed.
ITR Refund on Hold? I-T Dept's SMS Sparks Concern
Income Tax Dept sends bulk SMS/emails about refunds on hold due to mismatched ITR details. Taxpayers must file revised return by Dec 31. Learn how to fix errors.
Taiwan's Receipt Lottery: Win Cash While Paying Taxes
Discover Taiwan's ingenious receipt lottery system, turning tax compliance into a national game since 1951. Learn how it works and why Indians are calling for its adoption.
Year-End Secret Santa Reflects India's Tax Filing Habits
As 2024 ends, a 'Secret Santa' emerges in India's tax data. Discover the surprising trends in last-minute ITR filings and what they reveal about financial behavior. Read the full analysis now!
Income Tax Refunds Stuck, Dec 31 Deadline Causes Worry
Thousands face delayed income tax refunds as I-T Dept's 'NUDGE' campaign flags discrepancies. Learn why refunds are stuck, the new December 31 deadline for revised returns, and what taxpayers must do.
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IT Refunds on Hold: Tax Dept Flags Mismatches in ITR Filing
Many taxpayers report receiving emails/SMS from the Income Tax Department stating their refunds are on hold due to discrepancies. The deadline to file a revised ITR for AY 2025-26 is December 31, 2024. Get clarity on the issue.
15 Lakh+ File Revised ITR, Rs 2,500 Cr Paid in Updates
Income Tax Department reveals over 15 lakh revised returns filed for AY 2025-26. Deadline is Dec 31. Learn about updated ITR rules and new advisory campaign.
MCG Seals 15 Properties of Tax Defaulters in Gurugram
The Municipal Corporation of Gurugram (MCG) sealed 15 commercial properties for property tax default, recovering over ₹1.5 crore. The crackdown targets major defaulters across the city.
Ahmedabad GST Fraud: Rs 78 Cr Evasion Detected
DGGI Ahmedabad uncovers Rs 78 crore GST fraud network using 8 fake firms for fraudulent input tax credit. Key accused arrested. Details inside.
Bengaluru Customs e-auction of 227 seized gadgets on Dec 30
Bengaluru Customs will auction 227 seized electronic items, including 175 iPhones, on Dec 30 via MSTC. Bulk lot for traders. Bidding open to GST-registered buyers only.
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ITR Refund Delays: Why Taxpayers Are Still Waiting
Many taxpayers who filed ITR in September for AY 2025-26 are yet to receive refunds. Learn the reasons for delays, how to check status, and the deadline for belated returns.
CBDT's Data-Driven Nudge Campaign for AY 2025-26
CBDT launches a data-driven 'NUDGE' campaign urging taxpayers to review flagged deduction claims by Dec 31, 2025. Act now to avoid penalties on ineligible refunds.
Punjab GST up 16%, Excise revenue surges 8.64%
Punjab's GST collections surge 16% to Rs 17,860 crore till November. Excise revenue also rises 8.64%. FM Cheema credits tech-driven enforcement & OTS scheme for boosting state finances.
IT Refunds on Hold: Tax Dept's Bulk Alerts Cause Confusion
Income Tax Dept sends bulk SMS/email alerts, putting refunds on hold for AY 2025-26 due to ITR discrepancies. Taxpayers face confusion as Dec 31 deadline nears. Learn what triggers holds and how to respond.
3.6 Million Indians Update Tax Returns Before Dec 31 Deadline
India sees a surge in voluntary tax compliance with 3.6 million individuals revising returns. CBDT's NUDGE campaign urges corrections before the December 31 deadline to avoid penalties.
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Claim Missed Tax Deductions in Belated ITR by Dec 31
Missed declaring deductions to your employer? You can still claim them in your belated ITR until Dec 31. Experts explain the process, key sections, and pitfalls to avoid for a smooth refund.
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