consultFACTs

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[consultFACTs @consultFACTs]

📢 BIG news is dropping tomorrow!
ConsultFacts is getting a massive upgrade. A fresh identity, a sleek new look, and the same trusted expert guidance scaled up to reach new heights. 📊✨
The countdown is on. Stay tuned! 🕒🚀
#Rebranding #ComingSoon #TaxExperts #Growth

[consultFACTs @consultFACTs]

Issued by: CBIC
Notification No.: 15/2025-Central Tax
Issued on: 17/09/2025
For: To exempt small taxpayers having turnovers below ₹.2 crores from filing Annual Returns from FY 2024-25 onwards. #GST

[consultFACTs @consultFACTs]

Official circular for extension of due date.

[consultFACTs @consultFACTs]

Income tax return filing #duedate for non-audit cases extended by 1 day #DueDateExtension #incometaxreturn

[consultFACTs @consultFACTs]

Income tax return filing #duedate for non-audit cases extended by 1 day #DueDateExtension #incometaxreturn

[Income Tax India @IncomeTaxIndia]

Attention Taxpayers!

Excel Utilities of ITR-2 and ITR-3 for AY 2025-26 are now live and available for filing.

Visit: https://t.co/1vnMusEbbF

[consultFACTs @consultFACTs]

Due date for filing ITRs got extended till Sept 15 #incometax #IncomeTaxFiling

[Income Tax India @IncomeTaxIndia]

➡️Central Board of Direct Taxes releases FAQs on Notification No. 36/2025 [F. No. 370142/11/2025-TPL]/S.O. 1825(E) dated 22.04.2025, notifying the luxury goods of value exceeding Rs. Ten Lakh on which TCS will be levied.

🔗The FAQs can be accessed at the following link on our website:
https://t.co/rTXPOGiPks

[consultFACTs @consultFACTs]

New income tax bill will be introduced next week - Finance Minister #NirmalaSitharaman

[consultFACTs @consultFACTs]

No income tax upto 12.00 lakhs #IncomeTax #BudgetSession2025

[consultFACTs @consultFACTs]

New slab rates

Upto 4.00 lakhs - Nil
4.00 to 8.00 lakhs - 5%
8.00 to 12.00 lakhs - 10%
12.00 to 16.00 lakhs - 15%
16.00 to 20.00 lakhs - 20%
20.00 to 24.00 lakhs - 25%
Above 24.00 lakhs - 30%

[consultFACTs @consultFACTs]

Wish You All a Very Happy New Year '2025'

[consultFACTs @consultFACTs]

The last date for filing Belated/ Revised income tax returns for AY 2024-25 in the case of Resident Individuals is extended from from 31st December, 2024 to 15th January, 2025 vide issuance of Circular no. 21/2024 dated 31/12/2024.

[Income Tax India @IncomeTaxIndia]

The Hon’ble FM in Budget 2024-25 announced a comprehensive review of the Income-tax Act, 1961 to simplify it for taxpayers, reduce disputes, and ensure greater tax certainty.

CBDT has formed a committee to oversee this review and invites public inputs in following areas:
1️⃣ Simplification of Language
2️⃣ Litigation Reduction
3️⃣ Compliance Reduction
4️⃣ Redundant/Obsolete Provisions

Please submit suggestions at: https://t.co/vfIU84RXmC

Details in the Press release at: https://t.co/S7KQwci6ig

[CA Bimal Jain @BimalGST]

🛑💥 Must Awaited Notification:

✅ The Ministry of Finance, through Notification No. 17/2024–Central Tax dated 27th September 2024, notifies the dates for various provisions of the Finance (No. 2) Act, 2024. The sections 118, 142, 148, and 150 will take effect from the date of the notification’s publication in the Official Gazette.

✅ And sections 114 to 117, 119 to 141, 143 to 147, 149, and 151 to 157 will come into force on 1st November 2024.

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Buyback income to be treated as Dividend Income and will be taxed without any expenses allowed for deduction.

[consultFACTs @consultFACTs]

Short term capital gains tax on Equity Shares & Equity oriented Mutual Funds increased to 20% on transfers w.e.f 23.07.2024. #BudgetSession2024 #BudgetSession #IncomeTax #CapitalGains #SharesTaxation

[consultFACTs @consultFACTs]

Slab change under New Regime

[consultFACTs @consultFACTs]

#gsteinvoicing #gst