CBDT Notifies New Rules for Simplified ITR Rectification & Refunds The Central Board of Direct Taxes has issued new rules aimed at improving efficiency in correcting income tax return errors and expediting refunds. The CBDT has rolled out a new framework to streamline the rectification of income tax return (ITR) errors and expedite refund processing …
Finance Your Dream Home Renovation with Home Remodeling Loans Renovating your home is exciting, but managing its costs can often be a challenge. From upgrading your kitchen to redesigning your living space, expenses can quickly add up and put pressure on your savings. Many homeowners delay their dream projects simply because they are unsure how …
RBI’s Introduces New Rule on Loans Against Silver (Effective April 1, 2026) The Reserve Bank of India has announced new guidelines permitting banks and NBFCs to extend loans against silver from April 1, 2026. The move is aimed at enhancing credit access and liquidity, especially for households and small businesses in rural and semi-urban areas. …
IEC in the Denied Entity List (DEL): Compliance, Consequences, and Corrective Mechanisms under India’s Foreign Trade Policy Introduction The smooth functioning of India’s international trade ecosystem depends on adherence to regulatory obligations under the Foreign Trade Policy, Customs Act, and Directorate General of Foreign. Under this blog mentioned the Guidelines for maintaining the Denied Entities …
Major Reforms in Nomination Rules for Bank Accounts, Deposits, and Lockers The Government of India has enacted the Banking Laws (Amendment) Act, 2025, introducing major reforms to nomination rules for bank accounts, deposits, and safety lockers. Significant reforms to nomination rules governing bank accounts, deposits, and safety lockers have come into effect from November 1, …
GST IMS Introduction of Pending Option for CN & Declaration of Reversal AMT in IMS w.e.f. Oct 2025 : GSTN Background – Introduction of “Pending” Option The GSTN has introduced a new facility in the IMS on the GST portal, allowing taxpayers to mark Credit Notes as “Pending” for one tax period. Additionally, the IMS …
OVERVIEW THE MAIL ORDER BUSINESS IN INDIA What is Mail Order Business? Mail Order Business : A mail order business sells goods directly to customers through catalogues, advertisements, or printed material, where the orders are placed via post, phone, or email, and goods are delivered by courier or postal services. It usually operates without an …
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 Changes in ITC Presentation in GSTR-9/9C for FY 2024-25 The revised GSTR-9/9C formats for FY 2024-25 have introduced structural and computational changes to ensure accurate demarcation of Input Tax Credit (ITC) pertaining to different financial years and eliminate artificial mismatches in reconciliation tables …