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ICAI Urges Govt to Reduce Complexity in Income Tax Bill 2025, Proposes Key Changes

The CA Institute, the world's largest accounting body, has advocated for a further reduction in the number of sections in the Income Tax Bill 2025, along with a push for simplifying its language.

Supreme Court: Phone Charger Included in MRP, No Separate Tax Under UP VAT

In a ruling, the Supreme Court upheld the decision of the Allahabad High Court, which stated that a charger sold with a cell phone under the MRP cannot be taxed separately under the UP VAT Act, 2008.

New TDS and TCS Regulations Effective April 1 - Details Inside

Various significant changes have been announced by the Centre in the Budget related to tax, particularly to make TDS and TCS more straightforward. From April 1, 2025, these changes aim to simplify tax compliance for common taxpayers and traders and eliminate unnecessary complexities.

Rajasthan State GST Dept Issues New Guidelines on Virtual Hearings

The Rajasthan government's GST Department issued fresh guidelines on virtual hearings dated 20.02.2025.

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