News
Aadhaar OTP Now Compulsory for E-Filing on Income Tax Portal
In a significant move aimed at enhancing digital security and taxpayer verification, the Income Tax Department of India has made Aadhaar OTP verification mandatory for e-filing on the income tax portal. This new directive applies to individuals filing Income Tax...
Cabinet Approves ₹111 Crore for International Potato Center in Agra to Boost Farmer Incomes and Innovation
The Union Cabinet has approved the establishment of the South Asia Regional Centre (CSARC) of the International Potato Center (CIP) in Singna, Agra, with an investment of ₹111 crore. The decision, chaired by Prime Minister Narendra Modi, aims to strengthen India’s...
Nitin Gadkari Announces ₹3000 FASTag Pass for 200 Trips a Year: A Step Towards Smarter Tolling
New Delhi, June 2025:Union Road Transport Minister Nitin Gadkari has announced a game-changing plan to overhaul India’s highway tolling system — a FASTag subscription pass worth ₹3000, offering 200 toll-free trips annually on national highways. The move is being...
MCA Tightens Compliance Norms: Key Changes in ADT and MGT Forms Explained
The Ministry of Corporate Affairs (MCA) has rolled out a series of critical updates to several statutory compliance forms—specifically the ADT-1, ADT-2, ADT-3 and ADT-4 and MGT-7 and MGT-7A. These updates are aimed at enhancing audit transparency, improving data...
ITR Filing AY 2025-26: 7 Key Changes in Excel Utility Taxpayers Must Know
June 2025 | New Delhi The Income Tax Department has introduced significant updates in the ITR Excel utility for Assessment Year 2025-26 (Financial Year 2024-25), aimed at enhancing transparency and speeding up processing. These changes are particularly relevant for...
ITR Filing for FY 2024-25 Begins: Excel Utilities for ITR-1 and ITR-4 Released
The Income Tax Department has officially commenced the Income Tax Return (ITR) filing process for the Financial Year 2024-25 (Assessment Year 2025-26). As part of the initial rollout, the department has made the Excel-based utilities for ITR-1 and ITR-4 available for...
Tata Sons chief praises UP govt for industry- friendly policies
Lucknow: Chief Minister Yogi Adityanath on Wednesday met Tata Sons Chairperson N Chandrasekaran in Lucknow and discussed industrial development, investment promotion, and future strategies for the state, aimed at positioning Uttar Pradesh as a hub for both domestic...
Supreme Court Permits 10% GST Appeal Pre-Deposit Through Credit Ledger, Offering Major Relief to Businesses.
In a major relief for businesses, the Supreme Court upholds the use of the Electronic Credit Ledger for the mandatory 10% GST appeal pre-deposit, easing cash flow challenges during litigation. In a landmark judgment offering major relief to businesses across India,...
GST Appellate Tribunal Now Operational: 10 Key Insights Every Taxpayer Must Know in 2025
The long-anticipated Goods and Services Tax Appellate Tribunal (GSTAT) is now functional, providing taxpayers, consultants, and businesses with a formal platform for resolving GST disputes. Here are 10 important takeaways to help you navigate the new appellate process...
GST E-Way Bill & E-Invoice Updates for 2025: Key Changes You Must Know
Stay compliant and avoid penalties by understanding these critical GST updates effective in 2025: Mandatory Multi-Factor Authentication (MFA) – Effective April 1, 2025 Starting April 1, 2025, all GST-registered taxpayers must use Multi-Factor Authentication (MFA) to...