GST Changes Coming in GST from October 2025 No Auto ITC in GSTR-2B : Until now: Input Tax Credit (ITC) auto-appeared in GSTR-2B (based on suppliers’ filing). From Oct 2025:… Read More
New cheque clearing process in India starting from October 4, 2025 Existing System (Until Oct 3, 2025) : Clearing Method: Batch clearing Switch to Continuous Clearing (on‐realisation) : The current… Read More
Overview on Tax Treatment on Gratuity in India What is Gratuity? Gratuity is a lump sum paid by an employer to an employee in recognition of long-term service, governed by… Read More
Taxation Comparison: Gold Coin vs Gold Jewellery Tax Aspect Gold Coin Gold Jewellery ITR Reporting Treated as a capital asset. Must be reported under “Capital Gains” if sold. Same as… Read More
Crypto Taxation & ITR Reporting Guide Tax on Profits from Crypto (Virtual Digital Assets)- Taxation U/s 115BBH Applicability on Virtual Digital Assets : Legal Definition Virtual Digital Assets: Under Income… Read More
Savings Account – Rules for Transactions to Avoid Income Tax Scrutiny The Income Tax Department monitors high-value transactions through banks’ Annual Information Statement (AIS) & SFT reporting. Certain activities in… Read More
Quick Guide on GST Marginal Scheme What is GST Marginal Scheme Meaning : The GST Margin Scheme is applicable primarily to second-hand goods. Under this scheme, GST is levied only… Read More
Reasons to Choose Health Insurance for Your Parents Caring for one’s parents often involves ensuring their health and well-being, particularly as they age. One significant way to provide this security… Read More
Meaning, Applicability & Filing Process of Form 15CA & 15CB When an individual or business sends money to a Non-Resident Indian (NRI) or a foreign entity, the sender is often… Read More
TDS Rules on Virtual Digital Assets (VDAs) u/s 194S of the Income Tax Act, 1961, Crypto & Income Tax in India (Post July 1, 2022) : TDS is Advance tax… Read More