Section 80C to 80U Deductions – Updated List for FY 2024–25 (AY 2025–26)- Save Tax

Section 80C to 80U

Introduction Saving tax is something every salaried person, businessman, or professional wants. The good news is – the Income Tax Act of India gives you various deductions from Section 80C to 80U to reduce your taxable income. If you know how to use them smartly, you can save up to ₹1.5 lakh to ₹3 lakh … Read more

ASMT-10 Notice Under GST: Reasons, Reply Format, Case Study & Action to Avoid Penalty 2025

ASMT-10

If you’re a business owner or GST-registered taxpayer, you might receive a notice called ASMT-10. Don’t worry — it’s not a penalty notice, but part of the GST scrutiny process. What is ASMT-10 Notice in GST? It is a Notice for Scrutiny of Returns under Section 61 of the CGST Act, 2017 and Rule 99(1) … Read more

DRC-01A / DRC-01 Pre-Show Cause Notice Under GST 2025- Simplified

DRC-01A

Did you receive a DRC-01A notice on the GST portal and don’t know what to do? Don’t worry. In this blog, we’ll explain everything – with a real example, how to reply, and how to avoid penalties. What is DRC-01A in GST? DRC-01A is a Pre-Show Cause Notice issued by GST officers when they find … Read more

GSTR-1 vs GSTR-3B Mismatch Notices in 2025-Case & Legal Sections & Avoid Mistakes

GSTR-1 vs GSTR-3B Mismatch Notices in 2025

In 2025, thousands of GST-registered businesses in India – including shopkeepers, small traders, startups, and service providers – are receiving GSTR-1 vs GSTR-3B Mismatch Notices in 2025. The GST department is now using AI-based auto-scrutiny to catch even small errors. In this blog, we’ll explain: What is GSTR-1 vs GSTR-3B? GSTR-1 This return reports outward … Read more

Income Tax on Foreign Remittances – TCS Rules & Updates 2025

Income Tax on Foreign Remittances

Are you sending money abroad for education, medical needs, travel, or investments in 2025? The Income Tax on Foreign Remittances has made some important changes to TCS (Tax Collected at Source) under the Liberalised Remittance Scheme (LRS). If you’re not aware of the new rules, you might end up paying more or receiving a tax … Read more

ESOP Taxation for Startups & Employees 2025- Simplified

ESOP Taxation

ESOP Taxation in India 2025 – Income Tax Rules for Startups & Employees Simplified Learn how ESOPs are taxed in India in 2025. Know about deferment for eligible startups, taxation at two stages, latest income tax sections like 17(2), 115BAC, and relevant CBDT notifications explained in easy terms. What is ESOP? ESOP stands for Employee … Read more

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