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Tax updates
Important tax changes, deadlines, and content additions — all in one place. Each update is short and links to relevant guides.
Budget 2025: New Tax Regime Slab Changes
A quick explainer on the latest slab-related changes and why regime comparison matters again.
ITR Filing Deadline for FY 2024-25
A deadline-focused note explaining what taxpayers should prepare before the filing rush begins.
Section 87A Rebate Limit Revised
A short note on rebate relevance and why small changes here can affect final tax outcomes materially.
Standard Deduction Raised to ₹60,000? What We Know
Rumours and official hints suggest the standard deduction may be hiked from ₹50,000 to ₹60,000 in the upcoming Budget.
AIS Gets Enhanced – Now Shows Rent & Foreign Remittances
The Annual Information Statement has been upgraded to include rent payments and foreign remittance data, improving pre-filled return accuracy.
TCS on Foreign Remittances – New Rules from October 2025
From 1 October 2025, the TCS rate on foreign remittances under LRS (excluding education and medical) will rise to 20% for amounts above ₹7 lakh.
CBDT Releases Detailed Crypto Tax Reporting Guidelines
The tax department has clarified how crypto and virtual digital asset (VDA) transactions should be reported in ITR forms.
44AD/44ADA Turnover Limits Raised – Now ₹3 Cr & ₹75 Lakh
The presumptive taxation turnover threshold for businesses has been raised to ₹3 crore, and for professionals to ₹75 lakh, from FY 2025-26.
Proposed: 80TTA Limit Extension to All Savers
A proposed amendment seeks to extend the ₹10,000 deduction on savings account interest to all individuals, not just non‑seniors.
E‑Verification Time Limit Reduced to 15 Days
The CBDT has reduced the time for e‑verifying ITRs from 30 days to 15 days to speed up return processing.
New Donation Verification Portal for 80G Claims
A centralised portal to verify charity receipts will be launched to prevent fake 80G deduction claims.
Faceless Assessment Extended to All Scrutiny Cases
From April 2025, all scrutiny cases are being handled under the faceless assessment scheme, removing personal interaction.
New Tax Incentive on Electric Vehicle Loans
Interest on loans taken to purchase electric vehicles may become eligible for a new deduction under Section 80EEB.