Notifications

The Central Board of Direct Taxes (CBDT) has made few amendments in Income Tax Rules 1962 Under Section 295, to be effective from September 1, 2025.

CBDT Updates Income-tax Rules: Form 7 Amended to Cover Block Period Assessments

The amended rules will now be known as the Income Tax (Twenty-Second Amendment) Rules

CBDT Introduces Rule 3C & 3D under Income Tax Rules: Key Changes for Salaried Taxpayers

Articles

Taxpayers with income from capital gains may not get the Section 87A rebate, even if their total income is below the exemption limit. Know complete information below.

Section 87A Rebate: No Relief on Capital Gains Despite Income Below Threshold

Judgement

Court holds that profits for Section 32AB must be as per audited P&L under Schedule VI; additional cane price fixed post-closing cannot reduce eligible deduction

HC Rules Section 32AB Deduction Must Be Computed on Companies Act, Profits Excludes Later Sugarcane Price Adjustment

News

The Govt. proposes a simplified two-rate structure to replace the existing 5%, 12%, 18%, and 28% slabs. aims to benefit farmers, MSMEs, and the middle class.

PM Modi Unveils Next-Gen GST Reforms on 79th Independence Day

The government has temporarily exempted cotton imports from customs duty and cess from August 19 to September 30, 2025, in the public interest.

Govt. Grants Temporary Customs Duty Exemption on Cotton Imports Till Sept 30, 2025

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