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
Practical Aspects of Financial Statements & Audit Reports, including IFC Practical Aspects of Financial Statements & Audit Reports, including CARO & IFC. This covers key areas such as classification of… Read More
πππππ¬π ππ©πππππ¬ π’π§ ππ & ππππ, & HR related Judgement and update π¨ Staying updated on the latest developments in Provident Fund (PF), Employees' State Insurance Corporation (ESIC), and HR-related… Read More
Retrospective Amendment on ITC for Construction Costs Whatβs Changing : A retrospective amendment, effective from July 1, 2017, prevents entitiesβlike commercial real estate companiesβfrom claiming Input Tax Credit (ITC) on… Read More
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