NPS: Extending Your Tax-Exempt Limit Beyond INR 12,00,000/-. In Budget 2025, Finance Minister Nirmala Sitharaman announced a no-tax limit for salaried individuals earning up to INR 12,00,000/-. However, by combining… Read More
Liberalized Remittance Scheme (LRS) & TCS Changes in Budget 2025 The Union Budget 2025 has introduced key adjustments that affect how Indian residents remit money abroad, particularly benefiting travellers, students,… Read More
Which Regime is More beneficial New/ Old: Budget 2025 The Most Asked Question after Budget 2025 i.e Question: Which Regime is More Beneficial, New or Old ? Answer: If you… Read More
Tax on LTCG for FIIs raised to 12.5%: Budget 2025 This increase in the LTCG tax rate for FIIs from 10% to 12.5% u/s 115AD aligns with the broader push… Read More
Impact on ITR has to be filed by non-residents in the case earning royalty/FTS income key implications of the Section 115A amendment and its impact on ITR filing for non-residents… Read More
Union Budget 2025 key initiatives to support economic growth The Union Budget 2025 has introduced several key initiatives to support economic growth, provide relief to taxpayers, and drive development across… Read More
Latest Trends in Claims Under Section 80GGC Introduction : Recently, many taxpayers have received messages from the Income Tax Department advising them to review their Section 80GGC deductions for donations… Read More
Obligations for Maintenance of Records under PMLA - FIU-IND Under Section 12 of the Prevention of Money Laundering Act, 2002 (PMLA), every reporting entity is required to maintain records of… Read More
Introduction to FIU-IND and Its Role The FIU-IND is the central agency responsible for receiving, processing, and analyzing financial information related to suspicious transactions. Its role is pivotal in preventing and… Read More
Overview on Financial Intelligence Unit – India (FIU-IND) The Financial Intelligence Unit - India (FIU-IND) is the central agency responsible for monitoring, analyzing, and disseminating financial intelligence related to money laundering… Read More