Government Policy & Regulations and Taxation :Union & State Budget analysis
New tax rules, GST updates, compliance news
Regulatory changes (SEBI, RBI, IRDAI)
October Alert Tax Compliance Deadlines You Can’t Miss October is shaping up to be a hectic month for tax professionals, with several critical deadlines looming. Here’s a breakdown of the key compliances you need to prioritize: GST Compliances* GSTR-1: File details of outward supplies for taxpayers with turnover exceeding ₹5 crore or those who have […]
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GST Revolution: Two-Wheeler Market Shifts Gears Significant Goods and Services Tax (GST) revisions, effective September 22, 2025, have dramatically reshaped India’s two-wheeler market. The changes, dubbed “GST Reform 2.0,” create a two-tiered tax system based on engine capacity, making entry-level bikes more affordable while increasing prices for premium models. The recent GST cut on two-wheelers
MCA Grants Relaxation for Annual Filings (FY 2024-25) under Companies Act. Ministry of Corporate Affairs (MCA)- General Circular No. 06/2025 In view of the deployment of the new e-Forms, and considering that companies may require some time to get familiarized with the filing process, and keeping in view the requests received from various stakeholders, it
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How Much Gold Can You Keep at Home? Know the 2025 Rules! Many people keep gold jewellery and coins at home as part of family savings or inheritance — but do you know how much is safe from Income Tax scrutiny? No Fixed Legal Limit — But Source Matters! -There is no restriction under the
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The Indian government is indeed taking a tough stance on tax evasion related to cryptocurrency trades. Over 400 high-net-worth individuals are being scrutinized for allegedly hiding their crypto profits on Binance, with the tax authorities seeking to recover evaded taxes, penalties, and interest. Key Points: Tax Evasion Amount: The tax evasion probe revealed nearly $97
Big compliance update for businesses operating in Haryana Haryana allows Night Shifts for Women Employees in Commercial Establishments: Haryana allows women to work night shifts in commercial establishments (between 8 PM and 6 AM) with certain conditions, including written consent from the employee and the implementation of safety measures like security guards, GPS-enabled transportation, and
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Section 44ABAA (inserted by Finance Act 2024, w.e.f. AY 2025-26) regarding compulsory Tax Audit in certain cases even if Turnover is below INR 1 Crore This is a new audit requirement separate from 44AB. The Govt is tightening the noose around tax evaders from many routes. It says: If the aggregate of cash receipts OR
Section 80-IAC – Startup Tax Holiday under IncomeTax Act. This is a great incentive for Startups in terms of savings from the Tax liabilities. Section 80-IAC of the Income Tax Act provides a tax holiday to eligible startups in India. It offers a 100% deduction on profits for any three consecutive years out of 10
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TDS on Salary Under New Income Tax Act 2025: A detailed analysis of TDS on Salary for the Financial Year 2025-26 The New Income Tax Act 2025 has brought significant changes to Tax Deducted at Source (TDS) on salary. Here’s what you need to know to avoid any mistakes and get the Benefits of the
PROPOSES REVISED FRAMEWORK FOR LENDING TO RELATED PARTIES The Reserve Bank of India proposed a framework for banks lending to related parties. This draft aims to ensure prudence and operational flexibility. It sets materiality thresholds for board approvals on loans. Banks with asset size above a level will have approval limits. The central bank seeks
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