Latest Updates & News – TaxUpdates.in

CBDT Relaxes Time Limit for Processing Delayed ITRs Filed Under Section 139 for AY 2023-24
June 10, 2025
In a move to provide relief to taxpayers and streamline return processing, the Central Board of Direct Taxes (CBDT) has issued an official order dated

HDFC Current Rate of Interest for Savings, FD, RD & Forex (From 10th June 2025)
June 10, 2025
HDFC Bank offers a wide range of deposit and lending products with interest rates designed to meet diverse customer requirements. From Fixed Deposits (FD) and

Time Limits for Issuing Income Tax Notices and Completing Assessments – Section 143(1), 143(3), 144, 147
June 10, 2025
Understanding the time limits prescribed under the Income-tax Act for issuing various notices and completing assessments is crucial for both taxpayers and tax professionals. The

System Validation for Filing of Refund Applications on GST Portal for QRMP Taxpayers
June 10, 2025
The Goods and Services Tax Network (GSTN) has implemented a critical system validation on the GST Portal to ensure compliance with refund filing rules for

Rectification of Mistakes in Income Tax Orders under Sec. 154 – Process, Time Limits & Appeals
June 9, 2025
Under the Indian Income Tax Act, errors in assessment or processing can occur, and Section 154 provides a mechanism for correcting such mistakes. Whether initiated