One Big Beautiful Bill: 2025 U.S. Tax Law Explained in Simple Terms

One Big Beautiful Bill: 2025 U.S. Tax Law

The One Big Beautiful Bill, passed on July 4, 2025, is a major update to the U.S. tax system. It makes several tax cuts from previous years permanent and introduces new tax deductions aimed at working families, seniors, small business owners, and middle-income earners. If you’re looking for an easy-to-understand summary of this 2025 tax … Read more

₹15851 Crore ITC Scam Busted in April–June 2025: 3558 Fake GST Firms Traced by Tax Authorities

₹15851 Crore ITC Scam

Between April to June 2025, GST authorities across India uncovered fraudulent worth ₹15851 crore ITC Scam . This scam, detected in just three months, involved over 3,558 fake firms issuing bogus GST invoices without any actual supply of goods or services. This major enforcement operation is one of the largest ITC fraud detections since the … Read more

GST Notices under ITC Mismatch 2025? Shocking Errors or a Chance to Explain?

gst notices

Facing GST Notices under ITC mismatch issues? The Madras High Court’s 2025 ruling in Dura Construction vs ACCT confirms that denial of ITC without giving a hearing violates Section 75(4) of the CGST Act. Know your rights and how to protect your credit. What’s the Issue? Many businesses are receiving GST notices that say:“Mismatch found … Read more

Faceless Assessment & e-Appeals – Easy Income Tax 2025 (With Sections & Examples)

income tax 2025

Learn how Faceless Assessment & e-Appeals work under Income Tax 2025. Understand key sections like 144B, the step-by-step process, and real-life case examples – all explained in simple terms. What is Faceless Assessment? Faceless Assessment is a 100% online system by the Income Tax Department introduced under: There is no face-to-face meeting with officers. Case … Read more

Startup India Tax Exemption – Are You Eligible in 2025? Unlock Tax Benefits

Startup India Tax Exemption

What is the Startup India Tax Exemption? Startup India is a flagship scheme by the Government of India to support young entrepreneurs, boost innovation, and promote job creation. One of its major benefits is a 100% income tax exemption for 3 years under Section 80-IAC of the Income Tax Act, 1961. If your startup qualifies, … Read more

GST Amnesty Scheme Appeals – Latest Updates, Relief, Sections & Case Insights (2025)

GST AMNESTY SCHEME

Got old GST demands or pending appeals?The Government of India has introduced the GST Amnesty Scheme under Section 128A of the CGST Act, giving businesses a final chance to settle past dues without penalty or interest. This blog explains the scheme, process, legal references, real-life cases — all in simple, client-friendly language. What is the … Read more

Latest NRI Tax Rules AY 2025-26 – Save Tax, Avoid TDS, File ITR Easily

SAVE TAX

Are you an NRI confused about income tax in India? Don’t worry. Whether you live in Dubai, USA, UK, Canada, or anywhere else, this simple guide will help you understand save tax and how Indian income tax rules apply to you in Assessment Year 2025–26. We’ll explain the important Income Tax sections that matter to … Read more

GST on Cryptocurrency & Virtual Digital Assets (VDA) 2025

GST on Cryptocurrency & Virtual Digital Assets (VDA) 2025

Crypto investors and traders, Crypto is no longer in the “grey zone” in India. Both Income Tax and GST on cryptocurrency apply in 2025. What Is a VDA (Virtual Digital Asset)? Under Section 2(47A) of the Income Tax Act, VDAs include: These are digital assets you buy/sell online, and now government says – “If it’s … Read more

GST on Real Estate in India – 2025 Simple & Smart for Home Buyers and Builders

GST ON REAL ESTATE

What is GST on Real Estate? GST (Goods and Services Tax) applies mainly on under-construction properties as a supply of service under Section 7 of CGST Act, 2017. No GST is charged on: GST is applicable only if the sale is made before CC is issued. GST Rates on Property in 2025 (As per Notification … Read more

Composition Scheme under GST – Simple Tax for Small Businesses (Updated 2025)

Composition Scheme

What is the Composition Scheme? The Composition Scheme under GST is a simple way for small businesses to pay tax at a fixed rate without too much paperwork. It helps small traders, shopkeepers, and local service providers to easily follow GST rules. Best for: When Did It Start? Composition Tax Rates under Section 10(1) (a) … Read more