CBDT Extends Due Dates for Tax Audit & ITR Filing (AY 2025-26) Official Press Release issue by V. Rajitha, Commissioner of Income Tax (Media & Technical Policy) & Official Spokesperson, from the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes (CBDT) dated 29th October 2025. Here are the key …
Banks vs Housing Finance Companies: Key Differences Every Home Loan Borrower Must Know Comparing a bank and a housing finance company (HFC) on a financial marketplace can create a big difference for a home loan journey. You get to choose better interest rates, faster approval, and more flexibility. However, many people are still stuck believing …
Key Changes in ITC Reporting for GSTR-9 & GSTR-9C for FY 2024–25 GSTR-9 & GSTR-9C Applicability under GST Return Type Applicability for FY 2024-25 Turnover Threshold Remarks GSTR-9 Mandatory > INR 2 crore Exemption continues for taxpayers with turnover ≤ INR 2 crore as per Notification No. 15/2025–Central Tax GSTR-9C Mandatory > INR 5 crore …
How to Build a Strong CIBIL Score – Step-by-Step Guide for New Customers Your CIBIL score is a 3-digit number (300–900) that reflects your credit behaviour. A good credit score improves your chances of getting home loans, personal loans, and credit cards often with lower interest rates. In India, the CIBIL score ranges from 300–900, …
How To Analyze A BALANCE SHEET What Is a Balance Sheet? A Balance Sheet reflects a company’s financial position on a specific date showing what it owns (assets), what it owes (liabilities), and the owners’ stake (equity). Analyzing it helps assess liquidity, solvency, and overall financial health. A snapshot of a company’s financial position at a …
Dhanteras 2025: Unlock the Power of Your Jewellery with an Gold Loan Dhanteras is one of the most awaited festivals in the Indian calendar. It marks the beginning of Diwali celebrations, one of the most important Hindu festivals in India. People purchase gold, silver, or other valuable items on this day, as it is believed …
Everything You Need to Know About Rural Housing Finance in India A secure, pucca home is not only a city dream. Families across villages and small towns want the same stability and dignity that a permanent roof brings. A rural home loan helps you turn that goal into reality, whether you plan to buy a …
How a lumpsum calculator can help in achieving your 10-year financial goals Planning for your financial future requires clarity, discipline, and effective tools. When setting targets such as education funds, retirement savings, or a dream home, understanding how your investments will grow over time is critical. This is where a lumpsum calculator becomes essential. For …
ITC Reversal Traps: Are You Sitting on a Hidden GST Risk? What is ITC Reversal? ITC reversal means nullifying previously claimed input tax credit due to certain conditions not being met. The reversed amount is added back to the output tax liability, and interest may apply depending on the timing. Key Scenarios for ITC Reversal …
GST Department Advisory: Changes in GST Return Filing – Effective October 1, 2025 GST Dept has issued an important clarification regarding the changes in GST return filing mechanism from October 1, 2025, coinciding with the rollout of the Invoice Management System. (GST Network Advisory No. 628 dated October 8, 2025,) This advisory confirms that there …