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Top studycafe.in News

Nirmala Sitharaman · Delhi

Revised Income Tax Bill 2025: What Does New I-T Bill Propose & Why Was the Old Bill Withdrawn? All You Need to Know

55% Right coverage: 11 sources

New Income Tax Bill 2025: The revised I-T bill incorporates most of the recommendations given by the select committee -- which examined the Income Tax Bill 2025, apart from the suggestions received from other sources See the Story

Nirmala Sitharaman · New Delhi

Parliament Approves New Income Tax Bill 2025, Set to Replace 1961 Act After Six Decades

38% Right coverage: 8 sources

India's Parliament has passed the Income Tax Bill, 2025, set to replace the 1961 Act. The new bill aims to modernize tax laws without changing rates, simplifying terms and reducing complexity. It will likely take effect on April 1, 2026, after receiving presidential assent.See the Story

Nirmala Sitharaman · India

Cabinet Greenlights ₹30,000 Crore Fuel Payout, New I-T Bill, Infra Projects

Coverage: 2 sources

The revised bill will be tabled in the Lok Sabha on Monday, and incorporates most of the recommendations of a select committee of Parliament.See the Story

FASTag Annual Pass Launch on August 15: Check Fee, Validity and Other Important Details

100% Right coverage: 1 sources

The National Highways Authority of India (NHAI) will launch the FASTag Annual Pass from August 15 to make highway travel more convenient and cost-effective. This pass will enable seamless movement across National Highways, eliminating the need for frequent FASTag recharges or repeated toll payments. What is the FASTag Annual Pass? The FASTag Annual Pass is a newly introduced initiative by the Indian government to make highway travel more afforda…Independence Day · India See the Story

Income Tax Filing FY 2024-25: Which ITR form should you choose based on your income?

100% Center coverage: 1 sources

Income tax: The article explains ITR filing for FY 2024-25, detailing eligibility for each ITR form, online filing steps, common mistakes to avoid, and tips for accurate tax return submission.Taxes · India See the Story

Tax Demand at 12% Due to Typo Error? Madras HC Steps In, Orders Fresh GST Assessment

Tax Demand at 12% Due to Typo Error? Madras HC Steps In, Orders Fresh GST Assessment The current writ petition [W.P.(MD) No.21282 of 2025] is being filed by a company named Tvl. Asian Enterprises (petitioner) in the Madras High Court before the bench comprising Honourable Justice Mr. C.Saravanan, against the Deputy State Tax Officer-1 (respondent) […]Tamil Nadu · Tamil Nadu Read Article

ITR Filing Deadline for Non-Audit Cases Extended: Know revised date and applicable penalty

ITR Filing Deadline for Non-Audit Cases Extended: Know revised date and applicable penalty According to the CBDT notification, the ITR filing due date has been extended to September 15, 2025 from July 31. Missing this deadline can lead to interest charges under Section 234A and a late filing fee under Section 234F. But, if any […]India · India Read Article

Madras HC Restores Bakery’s GST Registration After 6-Month Non-Filing; Sets Strict ITC Conditions

Madras HC Restores Bakery’s GST Registration After 6-Month Non-Filing; Sets Strict ITC Conditions The Madras High Court has allowed a bakery to restore its cancelled GST registration, even after it did not file returns for six months. However, the court added strict conditions for claiming the Input tax credit (ITC). The petitioner is the owner […]Chennai · Chennai Read Article

Presumptive Taxation for Professionals Under Section 44ADA: Know Eligibility and Turnover Limit

Presumptive Taxation for Professionals Under Section 44ADA: Know Eligibility and Turnover Limit Section 44ADA of the Income Tax Act offers an easy method for certain professionals, allowing them to declare income on a presumptive basis without maintaining detailed books of accounts. Let us know more about the Presumptive Taxation Scheme under section 44ADA.India · India Read Article

Income Tax: Madras HC Quashes AY 2019-20 Reassessment over Record Access Dispute; Allows 3 Months to File Reply

Income Tax: Madras HC Quashes AY 2019-20 Reassessment Over Record Access Dispute; Allows 3 Months to File Reply In a recent ruling, the Madras High Court has awarded a company a second chance to present its side and produce documents, which it could not do due to internal conflicts in the management Waqf. The court […]Chennai · Chennai Read Article

GST: Delhi HC Sets Aside Demand for Lack of Uploaded SCN & RUDs; Allows Fresh Hearing

GST: Delhi HC Sets Aside Demand for Lack of Uploaded SCN & RUDs; Allows Fresh Hearing The Delhi High Court has recently set aside a Rs 4.04 crore GST demand against a company due to a lack of proper notice and hearing. The petitioner, Hind Paper House, received a Form DRC-01, a summary of the […]Delhi, India · Delhi Read Article

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