EasyPeasyTax Latest News

📰 Aadhaar Mandatory: Required for all new PAN applications.

Starting July 1, 2025, Aadhaar is mandatory to apply for a new PAN. Other documents will no longer be accepted.

🗂️ ITR Deadline Extended: Now 15 Sept 2025 for non-audit taxpayers.

The deadline for filing tax returns for FY 2024‑25 (Assessment Year 2025‑26) has been extended from July 31 to September 15, 2025, for non‑audit taxpayers.

💸 July 2025: GST Amnesty Scheme Extended

The GST amnesty scheme has been extended until July 31, 2025, allowing businesses to file pending returns with reduced late fees.

🧾 July 2025: New GST Invoice Format Advisory

CBIC issued a clarification on QR codes and dynamic invoices for B2B transactions exceeding ₹50,000.

🔍 TDS: Section 194Q Updates

Clarification issued on applicability of TDS under Section 194Q for digital transactions exceeding ₹50 lakh annually.

📰 June 2025: GST Late Fee Changes

Late fees revised. NIL filers: ₹500, others: up to ₹5,000.

🗂️ ITR Filing AY 2025–26

Latest utilities launched with schedule updates for capital gains, etc.