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TAXPAYER ADVISORY
Businesses can digitally record 'goods delivered' on e-way bill portal: GSTNGST registered businesses can now digitally close e-way bills upon delivery completion. This new voluntary feature on the GST portal streng...
Non-citizens in US face more scrutiny on bank activities after Trump orderBanks will face increased scrutiny on non-citizen banking activities following a new executive order. The directive mandates flagging payro...
Kash Patel's luxurious date-night outing with girlfriend sparks controversy: FBI's Gulfstream V jet, $35,000 suite date, Pearl Harbour VIP snorkelFBI Director Kash Patel faces scrutiny for allegedly using a government jet for a country music concert with his girlfriend, Alexis Wilkins...
Has the GSTR-3B return filing due date for the March 2026 tax period been extended?Tax professionals are struggling to file GSTR-3B for March 2026. The GST portal is experiencing significant slowdowns, preventing logins an...
ITR assessment rules change from April 2026: Four key amendments explainedFour key changes to Income Tax Return (ITR) assessment rules will be effective from April 2026 for Tax Year 2026-27. These amendments, intr...
US House rejects bid to curb Trump's Iran war powersThe US House of Representatives has rejected a move to limit President Donald Trump's war powers concerning Iran. This marks another setbac...
From Rs 6.8 lakh to Rs 4.5 lakh: Redditor explains how to save Rs 2.3 lakh in income tax in a year legallyA Redditor demonstrated significant income tax savings under the new regime by strategically restructuring their salary with components lik...
Income Tax Act 2025: New rules to kick in from April; why you should recalculate before deciding between old and new tax regimesWith the overhauled Income Tax Act taking effect from 1 April, taxpayers must prepare for new rules—and the renewed old vs new tax regime d...
Facing GSTR-3B filing issues despite no late invoice reporting? GSTN acknowledges problem and suggests interim workaroundGSTN has issued a new advisory for GSTR-3B filings. Starting February 2026, taxpayers must confirm the 'Tax Liability Breakup, As Applicabl...
No more double GST while filing appeals: GSTN fixes issue with new GST DRC- 03A form; what taxpayers should knowGSTN has resolved a long-standing issue where taxpayers faced double GST payments when filing appeals. The new GST DRC-03A form now allows ...
Deadline to file TDS/TCS correction statement announced: File your request on time or risk missing credit in Form 26AS or AISThe Income Tax Department has set a crucial deadline for filing TDS and TCS correction statements. Taxpayers must ensure all corrections fo...
Deadline for filing GSTR-7 is December 10, 2024 for these GST registered taxpayers even if TDS was not deductedGST return: Now you need to file GSTR-7 even if no TDS (tax deducted at source) was deducted. "GSTR-7 return is to be filed in chronologica...
New GSTN feature to correct mistakes in GST invoice matching process for claiming input tax credit; Know how it worksInput tax credit: The goods and services tax network (GSTN) has introduced a solution to help GST registered taxpayers into claiming the co...
New process to pay tax demand under GST amnesty scheme clarified by GSTNGST amnesty scheme: If you want to apply for Goods and Services Tax (GST) amnesty scheme waiver of interest and penalty then you need to fo...
GST return filing time limit soon: No filing to be allowed after 3 years of due date, it's time to file any pending returnGoods and Services Tax (GST): The GST portal is soon going to implement a change which will essentially make GST returns time barred if thr...
Income Tax department warns salaried class again filing wrong ITRsThe tax filing season for salaried class taxpayers has just begun with the Central Board of Direct Taxes (CBDT), that frames policy for the...
Income tax department warns salaried taxpayers against tax evasion by under-reporting incomeThe income tax department has warned salaried taxpayers against under-reporting income or inflating deductions/exemptions while filing inco...
I-T department asks taxpayers to update their information on e-filing portalI-T dept has told taxpayers to update their profiles and vital details on the official e-filing portal to ensure effective communication be...
Do not share personal data over phone, email: I-T departmentThe Income Tax department issued an advisory asking taxpayers not to share their personal financial details over email or phone.
Send e-return copies to Bangalore centre: Income Tax department to taxpayersI-T dept has asked electronic filing taxpayers not having sent their returns copy for the two previous assessment years by post to its cent...