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Updates From the Category: Direct Tax

CBDT Launches 2nd NUDGE Initiative to Boost Voluntary Compliance on Foreign Assets

Central Board of Direct Taxes (CBDT) has launched the second NUDGE initiative, aimed at improving...

Capital Gains Accounts (Second Amendment) Scheme, 2025

Capital Gains Accounts (Second Amendment) Scheme, 2025, brings widespread procedural updates, new digital payment modes,...

Government Expands Eligible Banks Under Capital Gains Account Scheme, 1988

This move is expected to substantially increase the reach and efficiency of the scheme, making...

Delhi GST: Small Taxpayers Exempt from Annual Returns

Delhi exempts GST annual return filing for taxpayers with turnover up to ₹2 crore from...

GSTN Launches Simplified GST Registration Scheme for Small Taxpayers

GSTN launches a Simplified GST Registration Scheme for small taxpayers with liability under ₹2.5 lakh...

Assam Labour Department Issues Notice to Trade Unions to Submit Annual Returns by December 31, 2025

Trade unions in Assam must file pending annual returns for 2022–2024 by December 31, 2025,...

NITI Tax Policy for Decriminalisation of tax violations and Trust-Based Governance

New tax policy moving away from an enforcement-heavy system to a framework grounded in trust,...

 GSTN Enables Invoice-Wise Reporting in GSTR-7 from September 2025

From September 2025, TDS deductors must report invoice-wise details in GSTR-7 as per GSTN update....

GSTN Issues Clarification on GST Return Filing & IMS Updates

GSTN clarifies no changes in GST return filing or ITC auto-population from Oct 1, 2025....

CBDT Extends Audit Report Filing Deadline to October 31, 2025 for AY 2025–26

Ministry of Finance has officially extended the deadline for filing various audit reports for Assessment...

New Tax FAQs Released for Unified Pension Scheme

Ministry of Finance has issued a comprehensive press release announcing the publication of detailed FAQs...

CBDT Waives Interest for Certain Rectified Demands

The taxpayer must pay the full demand raised as a result of the rectification order...