Tax & Regulatory Updates
Latest GST notifications, Income Tax amendments, budget highlights, and compliance deadlines — curated by our expert CAs.
Union Budget 2025-26: Key Tax Highlights
New tax regime becomes default. Standard deduction increased to ₹75,000. No tax up to ₹7 lakh income. New slabs announced for FY 2025-26.
GST Council 53rd Meeting: Rate Changes Effective April 2025
Several items see GST rate revisions. Input tax credit rules tightened for certain sectors. New e-invoicing threshold reduced to ₹5 Cr turnover.
ITR Filing Deadline Extended for AY 2025-26
CBDT extends the due date for filing Income Tax Returns for AY 2025-26 to August 31, 2025 for individual taxpayers. Corporate due date remains October 31.
GSTR-9 Annual Return: Simplified Format for FY 2024-25
Government announces simplified GSTR-9 format reducing mandatory fields. Auto-populated data from GSTR-1 and GSTR-3B. Reconciliation made easier.
MCA Introduces New Compliance Calendar for Companies
Ministry of Corporate Affairs releases consolidated compliance calendar. Key dates for AGM, board meetings, ROC filings, and director KYC updated for FY 2025-26.
Section 80C Limit Remains ₹1.5 Lakh — Alternatives to Consider
Despite budget expectations, 80C deduction limit unchanged under old regime. We explore ELSS, PPF, NPS, and new investment options for optimal tax savings.
New GST Registration Rules: Aadhaar-Based Verification Mandatory
All new GST registrations now require Aadhaar-based biometric verification. Physical verification timeline reduced. Impact on new business registrations.
Director KYC (DIR-3 KYC) Due Date: April 30, 2025
Annual KYC for all company directors mandatory. Non-compliance leads to DIN deactivation. Step-by-step process and documents required explained.
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