📢 Course Update Alert

🚀 We’ve just rolled out fresh updates in the following courses:

✅ 1. Share Market Taxation
✅ 2. Practical Course in GST, ITR & TDS (Tax Combo)
✅ 3. Practical Course in ITR Filing
✅ 4. All-in-One Combo

🎯 Newly Updated Topics:
👉Segment of Financial Market in India
👉Normal Rate of Income Tax
👉Special Rate of Income Tax
👉Tax on Equity Share
👉Tax on Mutual Fund
👉Tax on Bond & Debenture
👉Tax on Buy Back of Share
👉Grandfathering Provision
👉Tax Harvesting
👉Set Off & Carry Forward of Losses
👉F&O Turnover Calculation
👉Tax Audit Applicability
👉87A Rebate on Share Market Income
👉Calculation of Exemption Limit for Section 112A
👉How to Utilize Basic Exemption Limit for Capital Gain
👉Important Point for Capital Gain Calculation of Share Market Transactions

🎓 Existing Students:
All updated video sessions are now available – simply log in to your dashboard and access the latest session

🆕 New Learners:
Enroll now at discounted prices before the fee revision kicks in soon! https://fintaxpro.in/courses/

For any query and support reach us at 7827521794 or 8368741773

Completed notes on "Share Market Taxation guide for AY 2025-26 " is also added in course, learner can download from course.

Regards,
Team FinTaxPro

FD पर नहीं कटेगा TDS | 1 April 2025 से लागू नए नियम | Form 15G 15H Explained| TDS बचाएं ऐसे
https://youtu.be/Udoh20XILko

PDF ya Excel Invoice ko Tally Me Sirf 10 Sec Mein Import Karo! 🔥 2025 Ka Best Tool!
https://youtu.be/v1B8Ax79IHs

🔴 New GST Registration Instruction 2025 | CBIC Instruction 03/2025 Explained
https://youtu.be/iIpf_ZNn_8U

Important session must watch

🚨 Big Update for GST Registration Applicants! 🚨

The CBIC has issued Instruction No. 03/2025-GST dated 17 April 2025 to streamline the processing of GST Registration applications and to eliminate harassment of genuine applicants.

✅ Key Highlights: 🔹 Strictly no additional documents to be demanded beyond those prescribed in FORM GST REG-01.
🔹 One valid proof of ownership or consent (Property Tax receipt, Electricity Bill, etc.) is enough.
🔹 Registered Rent Agreement = No need for ID proof of lessor.
🔹 Unregistered Agreement? Add lessor’s ID proof only if required.
🔹 Consent letter allowed for spouse/relative-owned premises.
🔹 No presumptive queries like MD's residential city mismatch, business feasibility, or banned HSN codes!
🔹 Application to be processed in 7 working days (normal) or 30 days (with physical verification).
🔹 Physical verification (if any) must be backed by GPS photos and proper documentation.

🛡 Officers instructed to follow timelines, avoid unjustified rejections, and not seek extra documents without proper approval.

📄 This instruction replaces Instruction No. 03/2023-GST and aims to balance fraud prevention with smooth onboarding of genuine businesses.

📌 Let’s ensure transparency, efficiency, and ease of doing business in India’s GST ecosystem.

Income Tax Refund Kab Milega? | ITR Filing 2025 कब से शुरू होगी? | TDS Refund कैसे मिलेगा?
https://youtu.be/uCAIGmX8RRU

New TCS on Luxury Goods from 22 April 2025
https://youtu.be/KOUtNk14-rk

🚨 TCS Alert: Luxury Goods Now Notified under Section 206C(1F)! 🚨

As per Notification No. S.O. 1825(E) dated 22nd April 2025, issued by CBDT, the Budget 2024 amendment has taken effect by officially notifying a list of luxury goods for applicability of Tax Collected at Source (TCS) under Section 206C(1F) of the Income Tax Act, 1961.

📌 TCS is now applicable if the value exceeds ₹10 lakh for the following goods:

Wrist watches
Art pieces (antiques, paintings, sculptures)
Collectibles (coins, stamps)
Yacht, rowing boat, canoe, helicopter
Sunglasses
Handbags and purses
Shoes
Sportswear/equipment (e.g., golf kits, ski wear)
Home theatre systems
Horses for racing/polo

🟢 Effective from the date of publication in the Official Gazette.

📚 Legal Reference: Section 206C(1F), Income-tax Act, 1961
📝 Notification No. 36/2025 [F. No. 370142/11/2025-TPL]

💡 Tax professionals and high-value item dealers must review their invoicing and collection procedures to stay compliant.

Regards,
Team FinTaxPro

➡️Central Board of Direct Taxes releases FAQs on Notification No. 36/2025 [F. No. 370142/11/2025-TPL]/S.O. 1825(E) dated 22.04.2025, notifying the luxury goods of value exceeding Rs. Ten Lakh on which TCS will be levied.

New CBDT Notification – No Tax Deduction Allowed for Settlement Expenses under Certain Laws

The Central Board of Direct Taxes (CBDT), via Notification S.O. 1838(E) dated 23rd April 2025, has clarified that:

Any expenditure incurred to settle proceedings arising from contravention or defaults under the following Acts shall NOT be allowed as a business deduction under Section 37(1) of the Income-tax Act, 1961:
1. SEBI Act, 1992
2. Securities Contracts (Regulation) Act, 1956
3. Depositories Act, 1996
4. Competition Act, 2002

This move reinforces that settlement costs arising from non-compliance or violations are not “business expenditure” and hence not deductible.

Effective Date: From date of publication in Official Gazette (23rd April, 2025)

Finance professionals, compliance heads, and corporates must take note of this non-deductibility while computing taxable business income.

Regards
Team FinTaxPro

📢 Now Notified: GST Appellate Tribunal (GSTAT) Procedure Rules, 2025 🏛

The Ministry of Finance has officially released the detailed procedure rules governing the functioning of the Goods and Services Tax Appellate Tribunal (GSTAT).

🔍 Key Highlights: ✅ Appeals must be filed online via GSTAT Portal
✅ Bench Sitting Hours: 10:30 AM to 1:30 PM & 2:30 PM to 4:30 PM
✅ Office Working Hours: 9:30 AM to 6:00 PM on working days
✅ Defined roles for President, Registrar, and authorised representatives
✅ Fully digitized workflow — filing, communication, and hearings
✅ Public access to proceedings (except under specific orders)
✅ Strong procedural rules for adjournments, affidavits, and document handling
✅ Empowered to summon witnesses, take affidavits, and impose costs

🗓 Effective Date: April 24, 2025
📲 A milestone in streamlining GST litigation and promoting transparency.

#GSTAT #GSTIndia #TaxUpdate #IndirectTax #LegalCompliance #FinanceMinistry #EaseOfDoingBusiness #TaxReforms #GSTATPortal

New Tally Setting for correct reporting in Table 12 of GSTR 1 from April 2025
https://youtu.be/MQTYVkYBxo4