July 2025

Excel Utilities of ITR-2 and ITR-3 for AY 2025–26 Are Now Live!

Leave a Comment / Income Tax Updates, Insights, ITR & Filing Help, Tax Knowledge, Updates / /

🔍 Latest Income Tax Filing Update – July 2025 The Income Tax Department has released the Excel-based offline utilities for ITR-2 and ITR-3 for Assessment Year 2025–26. Taxpayers falling under these categories can now prepare and file their income tax returns using the updated utility tools. 🧾 ITR-2 – Who Should File? ITR-2 is applicable […]

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CBDT Notification No. 74/2025 – Income Tax (Dated: 11th July 2025)

Leave a Comment / Clarifications, Compliance & MCA, Income Tax Updates, Insights, Tax Knowledge, Updates / /

🔍 Overview The Central Board of Direct Taxes (CBDT) has issued Notification No. 74/2025 – Income Tax on 11th July 2025, announcing an important amendment under Section 10(23FE) of the Income-tax Act, 1961. This section provides income-tax exemption to specified persons, mainly sovereign wealth funds (SWFs) and pension funds making eligible investments in India. ✅

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