The Indian Union Budget 2025 brought significant tax amendments, particularly concerning Section 87A of the Income Tax Act. While the government raised the rebate limit from ₹7 lakh to ₹12 lakh under the New Tax Regime, it has also introduced specific exclusions, leading to confusion among taxpayers. In this blog, we decode the key changes […]
Section 87A Rebate Controversy: Key Insights from Budget 2025 Read More »
The Income Tax Bill 2025 introduces significant amendments to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS), impacting businesses and taxpayers across India. These changes aim to streamline compliance, enhance transparency, and reduce tax evasion. Let’s explore the key updates. 1. Key Changes in TDS (Tax Deducted at Source) a) Increased Threshold
Income Tax Bill 2025: Major Changes in TDS & TCS Provisions Read More »
📌 Revised Capital Gains Tax Rates & Exemptions 🔹 Short-Term Capital Gains (STCG) Equity shares and mutual fund units sold within 12 months will now be taxed at 20% (previously 15%). 🔹 Long-Term Capital Gains (LTCG) Gains on equity assets held for more than 12 months will now be taxed at 12.5% (previously 10%). The
Income Tax Bill 2025: Capital Gains Tax Structure & Key Tax Reforms Read More »
Introduction The GST Network has introduced a significant update for unregistered dealers involved in the transportation of goods. Effective February 11, 2025, Form ENR-03 allows unregistered persons to enroll in the E-Way Bill (EWB) portal to generate e-Way Bills. This is in line with Notification No. 12/2024, dated July 10, 2024. With this update, unregistered
New Update: Enrolment of Unregistered Dealers for E-Way Bill Generation (Form ENR-03) Read More »
Introduction The Indian government has introduced new GST registration rules for 2024 to ensure transparency and reduce tax fraud. These changes affect new businesses, e-commerce sellers, and high-risk industries. Understanding these rules is crucial to avoid penalties and registration delays. In this blog, we will break down the new GST registration rules in an easy-to-understand
New GST Registration Rules: What Businesses Must Know (Latest GST Advisory 2024) Read More »
The e-commerce sector in India has witnessed remarkable growth, bringing with it various tax implications, particularly under the Goods and Services Tax (GST) regime. Understanding GST provisions applicable to e-commerce businesses is crucial to ensuring compliance and avoiding penalties. This blog outlines key regulations, compliance requirements, and challenges faced by e-commerce operators and sellers. 1.
GST Provisions for E-Commerce: Key Regulations, Compliance Requirements, and Challenges Read More »
In today’s digital age, cybercriminals are constantly coming up with new ways to target taxpayers, and GST-related phishing scams have become a major concern. Fraudsters often use fake emails, SMS, and websites to deceive taxpayers into sharing sensitive information, such as GST login credentials and bank details. Understanding these scams and taking preventive measures is
Stay Alert: Protect Yourself from GST Phishing Scams Read More »
The Income Tax Department of India has launched a new tax calculator to help taxpayers compare their tax liability under the New Tax Regime for FY 2024-25 and FY 2025-26 (post Budget 2025 changes). This free and official tool allows individuals to check how the latest Budget 2025 tax proposals impact their taxes. If you’re
New Income Tax Calculator: Compare Taxes for FY 2024-25 & FY 2025-26 (After Budget 2025) Read More »
The 2025 Indian Union Budget brought about significant changes to the income tax regime, benefiting taxpayers, especially those with lower to middle incomes. The new regime has been designed to provide tax relief and simplify the process, making it easier for individuals to save and plan their finances. Let’s take a closer look at
Understanding the New Income Tax Regime Introduced in the 2025 Indian Union Budget Read More »
The Goods and Services Tax (GST) on renting of commercial property is an important topic for property owners, businesses, and tax consultants alike. With changing GST norms and compliance requirements, understanding the taxability, the responsibility for paying GST, and the eligibility for Input Tax Credit (ITC) is crucial. Here, we break down the key
GST on Renting of Commercial Property: Taxability, Responsibility, and ITC Eligibility Read More »
