Details

Introduction

The Indian financial landscape is always evolving, and staying updated is crucial for individuals, business owners, and investors alike. As we settle into the new financial year 2025–26, here are some of the latest updates from the world of finance, taxation, and compliance that you should be aware of.

1. New Income Tax Slabs Under Consideration

The Ministry of Finance is reportedly reviewing the new tax regime to make it more attractive. While no official changes have been announced yet, discussions suggest potential tweaks to standard deduction and slab rates to increase adoption.

✅ Tip for taxpayers: Consider filing under both regimes (new vs old) during your tax planning to evaluate which works best for you in FY 2025–26.

2. GST Amnesty Scheme Extended

In good news for businesses, the GST Amnesty Scheme for non-filers and late filers has been extended till June 30, 2025. This is a great opportunity to regularize past non-compliances with reduced penalties.

✅ Tip for businesses: Review your pending GSTR-3B or GSTR-9 filings to avoid hefty fines.

3. UDIN Mandatory for More CA Services

The ICAI has further expanded the requirement for generating Unique Document Identification Numbers (UDINs) for various certificates and reports, including Net Worth Certificates and projected financial statements.

✅ Tip for clients: Always ensure the documents issued by your CA have a valid UDIN for authenticity.

4. 

RBI Cuts Repo Rate by 25 bps to 6% – Reason & Impact

On April 9, 2025, the Reserve Bank of India (RBI) announced a 25 basis points reduction in the repo rate, bringing it down from 6.25% to 6.00%. This marks the second consecutive rate cut in 2025, signaling the RBI’s shift toward growth-focused monetary easing.

Reason:

• Softening inflation trends

• Slowing private consumption

• Support economic recovery and lending

Impact:

• Borrowers: Expect lower EMIs on home, auto, and business loans

• Businesses & MSMEs: Improved access to cheaper working capital

• Investors: Likely drop in FD rates; rebalancing toward equity/debt mutual funds may rise

• Real Estate & Auto Sectors: Boost in demand due to lower loan costs

5. Company Law & ROC Compliance Deadlines

MCA has notified certain compliance updates:

• DIR-3 KYC filing deadline remains September 30, 2025

• Form MSME-1 for October–March is due by April 30, 2025

✅ Tip: Avoid last-minute rush. Non-compliance attracts penalties and disqualifications.

Final Thoughts

The financial world never sleeps—and neither do the laws that govern it. As your trusted Chartered Accountants, we are here to keep you informed, compliant, and financially optimized in 2025.

Need help with tax planning, GST filings, or compliance updates? Contact us today!

CA Radheyshyam Agarwal

+91 7208358784
caagarwalrc.com