Income Tax & ITR Filing Guide
Input Tax Credit (ITC) under GST !!!
Input Tax Credit (ITC) under GST !!!
One of the fundamental features of GST is the seamless flow of input credit across the chain (from the manufacture of goods till it is consumed) and across the country.Input Tax Credit under GST is a credit which is available to supplier to set off the taxation he has paid...
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ITR filing due date extended in certain cases for AY 2025-26
ITR filing due date extended in certain cases for AY 2025-26
The Income Tax Department has extended the due date to file income tax return for FY 2024-25 (AY 2025-26) from July 31, 2025, to September 15, 2025.The decision was made after a delay in issuing the notification of income tax return forms. Further, the income tax department is yet to...
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Excel utilities for ITR-1 & ITR-4 launched for AY 25-26
Excel utilities for ITR-1 & ITR-4 launched for AY 25-26
The Income Tax Department has released updated Excel utilities for ITR-1 (Sahaj) and ITR-4 (Sugam) for the Assessment Year 2025–26 (Financial Year 2024 –25), incorporating critical compliance and disclosure changes aligned with the Finance Act, 2024.These utilities, available on incometax.gov.in, are intended for salaried individuals, Hindu Undivided Families (HUFs), and...
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Major Income Tax Changes from 1st April 26
Major Income Tax Changes from 1st April 26
Starting 1st April 2026, India's taxation landscape is undergoing a major structural overhaul with the implementation of the Income Tax Act, 2025, which replaces the 1961 Act.Here's a look at the major income tax rule changes that taxpayers should be aware of in the new tax year.1. Key Structural &...
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