A gift from a blood relative is exempt u/s 56(2) of the Income Tax Act, 1961 What is a ‘Gift’ under the Income Tax Act? Under the Income Tax Act,… Read More
GST Registration Advisory by GSTN—Rule 8 of CGST Rules The GST registration process has been updated to enhance verification and prevent fraudulent registrations. This GSTN advisory clarifies the GST registration… Read More
New UPI rule on automated process of New Chargeback Process The update from the National Payments Corporation of India (NPCI) on the Unified Payments Interface (UPI) chargeback process is an… Read More
Comparison of the new bill 2025 vs. Existing Income Tax Act The Indian government has introduced the Income Tax Bill, 2025, aiming to replace the Income Tax Act of 1961.… Read More
Decode Your Permanent Account Number (PAN) Card This is a great breakdown of the PAN structure! You’ve explained it concisely and in an engaging way. Ever wondered what the… Read More
GST on sale of all used cars, including electric vehicles The 55th GST Council meeting held on December 21, 2024, in Jaisalmer, Rajasthan, introduced a uniform 18% GST rate on… Read More
Budget 2025: Amendment in carry forward of losses 72A & 72AA This amendment is a significant move by the government to curb the misuse of loss carry-forward provisions under Section… Read More
Post Budget 2025: Applicability of Sec 87A on old & New regimes In this blog explain the impact of Budget 2025 on the applicability of Section 87A concerning capital gains… Read More
Statutory Compliance Calendar (Due Dates) for the month of January 2025. In January 2025, businesses in India must adhere to several statutory compliance deadlines across various domains, including Income Tax,… Read More
Cabinet approved New Income Tax Bill to replace Old tax Law The Union Cabinet has approved a new Income Tax Union Budget Bill to replace the Income Tax Act of… Read More