TaxDoctor

Kya aapka PAN Card kho gaya hai ya damage ho gaya hai?
Ab ghar baithe PAN Card Reprint apply karein — Fast & Hassle-Free!

🔹 NSDL/UTI Official Channels
🔹 Lost / Damaged PAN Card Reprint
🔹 Quick Processing
🔹 Document Assistance Available
🔹 Home Delivery of PAN

Aaj hi apply kare

PAN Card खो गया? घबराएं नहीं! | 2 मिनट में नया PAN Card सिर्फ ₹50 में | Step by Step Guide PAN Card खो गया? घबराएं नहीं! | 2 मिनट में नया PAN Card सिर्फ ₹50 में | Step by Step Guideखोया हुआ PAN Card वापस चाहिए?अब आप NEW Protean (NSDL) Portal और UTI...

*Here is a detailed analysis of the prima-facie changes in the ITR forms for AY 2025–26 as compared to AY 2024–25.*

*ITR-1 (SAHAJ)*

✅ Now allowed to be used even if there is long-term capital gain (LTCG) under section 112A, provided:
➡️The LTCG does not exceed ₹1.25 lakh, and
➡️ There is no loss to be carried forward or set off under the capital gains head .
✅ Until AY 2024-25, ITR-1 couldn’t be used at all if any capital gains existed.

*ITR-4 (SUGAM)*

✅ Similar provision as above included.
✅ Permits LTCG under section 112A up to ₹1.25 lakh with no carried forward loss

*ITR-1 & ITR-4*
✅ Expanded disclosure on opting out of new tax regime using Form 10-IEA under section 115BAC(6):
✅ If opted out in AY 2024–25, user must declare and optionally continue or reverse that decision.
✅ If opting out for the first time in AY 2025–26, they must provide Form 10-IEA acknowledgment details.
✅ Additional clarification for late filing of Form 10-IEA.

*ITR-1 & ITR-4*
✅ All deductions (e.g., 80C to 80U) must now be selected from a drop-down in the e-filing utility. Specific clauses and sub-sections must be disclosed.
✅ Income under section 89A (retirement accounts maintained abroad) has enhanced fields and relief tracking  .

*ITR-4*
✅ Section 44AD (business): Turnover threshold is now ₹3 crore if digital transactions make up ≥95%.
✅ Section 44ADA (professionals): Limit enhanced to ₹75 lakh under the same digital receipts condition .

*ITR-1 & ITR-4*
✅ All bank accounts held in India during the previous year must be reported (excluding dormant accounts).
✅ At least one account must be selected for refund Credit.

🚨 Important GST Updates Effective from 1st January 2025 🚨

GSTN has announced key changes to the E-Way Bill and E-Invoice Systems, ensuring enhanced security and compliance. Here’s what you need to know:

🔐 Mandatory Multi-Factor Authentication (MFA)
✔ Already mandatory for taxpayers with an Annual Aggregate Turnover (AATO) above ₹100 Cr since 20th August 2023.
✔ Starting Dates:

From 1st Jan 2025: Mandatory for taxpayers with AATO exceeding ₹20 Cr.

From 1st Feb 2025: Mandatory for taxpayers with AATO exceeding ₹5 Cr.

From 1st April 2025: Applicable for all taxpayers.

📅 E-Way Bill (EWB) Restrictions:
1️⃣ EWB generation will be limited to documents dated within 180 days from the generation date.
2️⃣ EWB extension will be capped at 360 days from the original date of generation.

📢 Action Required:
✅ Activate MFA immediately for smooth operations.
✅ Update your registered mobile number with GSTIN.
✅ Adjust your compliance processes accordingly.

For detailed instructions, visit the E-Way Bill and E-Invoice portals. Stay compliant and prepared!

How to Unblock EWay Bill | EWay Bill को Unblock कैसे करें ? | How to unblock EWay bill on GST Portal How to Unblock EWay Bill | EWay Bill को Unblock कैसे करें ? | How to unblock EWay bill on GST PortalLet's Connect on social media :Instagram - https://www.i...