New Income Tax Bill 2025: What the Latest Proposals Mean for Taxpayers and Trusts in India The Indian tax system is on the brink of a historic transformation. The New Income Tax Bill, 2025 aims to replace the six-decade-old Income Tax Act of 1961 with a more modern and taxpayer-friendly law. The latest report by … Read more
Income Tax Dept Activates ITR-2 For Online Filing | What’s New in AY 2025-26? The Income Tax Department has officially enabled the online filing of ITR-2 for AY 2025-26. This move comes as a relief to millions of taxpayers, especially salaried individuals, professionals, and those with capital gains, who were waiting to file their returns. … Read more
Income Tax Portal July 2025 Updates: ITR-2 Filing Enabled, Foreign Assets Transparency & 3CA-3CD/3CB-3CD Forms Revised The Income Tax Department has rolled out three important updates on its official e-Filing portal on 17th July 2025, enhancing taxpayer convenience and streamlining compliance procedures for the Assessment Year 2025–26. These updates affect taxpayers filing ITR-2, those with … Read more
Income Tax Dept Raids on Fake Deductions: Jail for Fake Refund Claims? Know the Strict Action in 2025 The Income Tax Department in India has launched strict action against taxpayers and professionals who claim fake deductions or file fraudulent refund claims. Recent raids, investigations, and penalties have made it clear: cheating on your taxes … Read more
Excel Utilities for ITR‑2 & ITR‑3 Now Live for AY 2025‑26: What You Need to Know Filing your income tax return just got much easier. For AY 2025–26, the Income Tax Department has released Excel-based utilities for ITR‑2 and ITR‑3. These tools are particularly helpful for taxpayers with multiple income sources, including capital gains, crypto … Read more
