Taxology India Updates (Free)

Comparison of deductions under Old Regime vs New Regime

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🚨Breaking 🚨 *Excel Utilities of ITR-1 and ITR-4 for AY 2025-26 are available for filing.* Happy Filing !

The Lokpal dismissed complaints against former Sebi chief Madhabi Puri Buch, stating the allegations lacked evidence and were based on assumptions. It found no conflict of interest or wrongdoing in her or her husband's past investments or professional actions.

BSNL reported its second consecutive quarterly profit after 18 years, with a reduced annual net loss of ₹2,247 crore in FY25 (down from ₹5,371 crore in FY24). This was aided by shifting ₹1,042 crore of employee costs to Capital Work-in-Progress and asset sales, though auditors flagged concerns over ₹1,031.5 crore of such allocation and underfunding of retirement benefits by ₹583.7 crore.

*Please note: Only offline filing has been made available as of now.*

ICAI has approved a draft framework allowing Indian CA firms to formally tie up with global firms, aiming to help local firms scale up. These firms must register with ICAI, appoint a nodal officer, and comply with ethical and regulatory norms. The draft, created in consultation with the corporate affairs ministry, will be open for public feedback and notified by July.

*Exemptions not available to salaried employees in New Tax Regime.*