#TaxUpdate

2025-12-10

Income Tax Department flags several high-value financial activities including large cash deposits, credit card payments, property transactions, foreign travel, investments and cash gifts. Stay informed and follow official regulations to remain compliant.

Bestax Accountantsbestaxaccountants
2025-11-19

Big news for Canadians! The lowest federal tax rate drops to 14% starting July 1. That’s an extra $22 million in savings for 22 million taxpayers.

2025-09-28

If your Tax Audit is not completed till now, there is a good news for you. The date is extended till 31st Oct. Contact your CA now and get it done to avoid last minute rush.

2025-09-17

Why should we, as professionals, should ask for extension. The businesses shall know the implications of delayed filing of Tax Audit Reports viz. Penalty upto Rs 1.5 lacs, and they shall pursue for TAR due date extension. Now is the time to make them aware of this.

2025-09-15

📢 CBDT extends due date for filing ITRs (originally due 31st July 2025) to 15th September 2025.
Plan your filings accordingly.

2025-09-04

The GST Council on Wednesday approved a two-tier rate structure of 5% and 18%, which will come into effect from September 22. Addressing a press conference, Finance Minister Nirmala Sitharaman said the move was aimed at supporting the key growth drivers of the economy, which formed the core of the Council’s decision.
.
.
.

efiletaxefiletax
2025-09-03

🚨 Big GST Reform Alert! 🚨

The GST Council has approved a simplified 2-slab structure:
🔹 5% – covering essentials & goods from the 12% slab
🔹 18% – covering most items from the 28% slab

🛑 Only “sin goods” like tobacco remain at 40%.

✅ Easier compliance
✅ Lower burden on households
✅ Boost for consumption & business

India moves closer to a simpler, cleaner GST regime! ✨

Saksham Agrawalsakshamagrawal
2025-08-20
Report Ravereportrave
2025-08-14

The new Income Tax Bill 2025 brings updates that could impact your earnings, deductions, and overall tax planning. From revised tax slabs to new exemptions, here’s what’s changing and how it could affect your finances. Stay informed to save smarter! ✅

reportrave.com/what-are-the-ke

2025-07-13

📅 GSTR-5 due date for June 2025 is 13th July 2025.
Covers details of outward taxable supplies and tax payable by non-resident taxable persons under GST.

Ask ChatGPT

2025-07-13

📅 GSTR-1 (QRMP) due date for Apr–Jun 2025 is 13th July 2025.
Taxpayers under QRMP who haven’t used IFF for Apr & May must file B2B invoices for all 3 months in this return.

2025-07-13

📌 GSTR-6 due date for June 2025 is 13th July 2025.
Applicable to Input Service Distributors (ISD) for furnishing details of inward supplies and distributed Input Tax Credit (ITC).

2025-07-10

📌 GSTR-7 due date for June 2025 is 10th July 2025.
It covers TDS deducted and deposited under GST laws for the month of June 2025.

Ask ChatGPT

2025-07-07

📌 TDS ચુકવણીની છેલ્લી તારીખ 7 જુલાઈ 2025 છે, જો દર ત્રિમાસિક ચુકવણી માટે Assessing Officerની મંજૂરી મળી હોય (ધારા 192, 194, 194D, 194H હેઠળ) અને અવધિ એપ્રિલ 2024થી જૂન 2025 સુધીની હોય.

2025-07-07

📢 टीडीएस भुगतान की तिथि 7 जुलाई 2025 है (अप्रैल 2024 से जून 2025 तिमाही हेतु), यदि AO द्वारा त्रैमासिक भुगतान की अनुमति धारा 192, 194, 194D या 194H के तहत दी गई है।

Ask ChatGPT

efiletaxefiletax
2025-07-01

🚨 53rd GST Council Meeting — Massive GST Reliefs & Reforms 👇

🧾 Interest waiver on Sec 73 demands
🧮 ITC time limit fixed: 30.11.2021 for FY 17–21
📉 Appeal deposit slashed
💳 GSTR-4 deadline extended
📦 ENA out of GST
🆕 GSTR-1A launched

Client Info

Server: https://mastodon.social
Version: 2025.07
Repository: https://github.com/cyevgeniy/lmst