Webinar
A. Tax in Media
Indirect Tax
GST on Jammu and Kashmir’s handlooms, handicraft products may be cut to 5%, says Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal on Sunday promised to recommend a reduction in the Goods and Services Tax imposed on handicrafts and handloom products to help promote the sector in Jammu and Kashmir.
Trump threatens to impose 10% additional tariff on nations backing ‘anti-American’ BRICS
US President Donald Trump on Monday issued a warning for BRICS member countries, saying that any nation that aligns itself with ‘anti-American’ policies of the bloc will face an additional tariff of 10%
Direct Tax
ITR refunds may be delayed this year — Here’s why
Income tax refunds for many taxpayers may get delayed this year, primarily due to late release of ITR utilities and backend system upgrades on the Income Tax Department’s portal. Though the return filing deadline for non-audit cases has already been extended to September 15, 2025, concerns are now shifting toward the timeline for refund issuance.
Will ITR deadline extend again? Tax experts see further delays after ‘system failures’
In May, the Central Board of Direct Taxes (CBDT) had announced September 15, 2025, as the deadline for filing income tax returns (ITRs) for non-audit cases. However, with critical return filing utilities still pending and system delays continuing, tax experts are urging an official extension of the due date to September 30 for non-audit cases and November 30 for audit cases.
Months ahead of the 15 September 2025 deadline for filing income tax returns for FY 2024–25, the Income Tax Department has launched a support service called ‘TAXASSIST’ to help taxpayers with queries and notices during the current filing season.
Tax benefits available under NPS shall apply mutatis mutandis to UPS
The Department of Financial Services, Ministry of Finance vide its Notification dated 24.01.2025 had notified introduction of the Unified Pension Scheme (UPS) as an option under NPS for the recruits to the Central Government civil service w.e.f. 01.04.2025 giving one-time option to the Central Government employees covered under the National Pension System (NPS) for inclusion under the UPS.
See Webinar | Videos Watch here | Follow us at Twitter | Support us contribute | Subscribe Newsletter | Buy Books/
Book: GST Refund A Practical Guide
Share this content:
