CBDT Tightens Tax Audit Rules, Extends Deadline to October 31

New Delhi: The Central Board of Direct Taxes (CBDT) has issued new income tax audit rules that take effect on April 1, 2025. Amendments to Form 3CD, notified under the Income-tax (Eighth Amendment) Rules, 2025, tighten disclosure requirements and remove outdated provisions. At the same time, the Board extended the audit filing deadline for FY […]

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₹25 a Month Filling ₹30,00,00,00,000: How the Seva App Could Build a Massive Healthcare Fund

The Seva App is a proposed model that could pool micro-contributions from citizens, high-net-worth individuals (HNIs), and ultra-high-net-worth individuals (UHNIs) to create a massive annual healthcare fund. At minimum, this fund could generate 46,419,60,00,000 INR (forty-six thousand four hundred nineteen crore sixty lakh rupees) or ₹46,419.6 crore (forty-six thousand four hundred nineteen point six thousand […]

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