Central Board of Direct Taxes have indeed raised the exemption threshold for undisclosed foreign assets Following this legislative change, the Central Board of Direct Taxes has amended its internal instruction… Read More
Section 7 Vs Section 9 IBC – Key Differences Every Creditor Must Know The Insolvency and Bankruptcy Code, 2016 has revolutionized the debt recovery landscape in India. Among its provisions,… Read More
Old vs New Tax Regime: Evaluate each year before choosing. With ITR filing season around the corner, here’s the biggest question for every salaried individual. Should I opt for the… Read More
Personal Income Tax Collection Surpasses Corporate Tax for the First Time For the first time in India’s history, personal income tax collections have surpassed corporate tax collections, marking a major… Read More
CA vs Certified Public Accountants: Which is Smarter Choice for Finance Professionals When it comes to building a high-growth career in accounting & finance, two qualifications often top the list:… Read More
ICAI Merger & Demerger Guidelines, 2024 (Effective 23 Jan 2025) The Institute of Chartered Accountants of India (ICAI) has issued new guidelines governing merger and demerger of CA firms. These… Read More
Good News for Salaried Taxpayers- New Rules for Salaried Employees Finance Act, 2025 raises tax-free salary perk limits to INR 4 lakh for specified employees and INR 8 lakh… Read More
The existing 12% & 28% GST rates were Scrapped, which resulted in leaving only 2 FST slab of 5% & 18% rates. The Group of Ministers on GST rate rationalisation… Read More
What is an Updated Income Tax Return (ITR-U) ? A facility allowing taxpayers to rectify mistakes, disclose omitted income, or file returns if they missed the due date. Introduced to… Read More
GST Council meetings in September and the possible GST reforms: Prime Minister Narendra Modi on Monday chaired a high-level meeting, which included top Union ministers, secretaries and economists, to deliberate… Read More