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square and circles
2 days ago3 min read
The New Tax Regime: Simplified Taxation or Missed Deductions?
Taxes, taxes, taxes—if there’s one thing most of us dread (besides Monday mornings), it’s figuring out our taxes! In 2020, the government...
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square and circles
4 days ago2 min read
Alimony and Income Tax: Is the Ex-Wife Liable to Pay Tax on Settlement Amounts?
Divorce can be complicated, but taxes make it even more so! A common question we hear is: "Does the ex-wife have to pay income tax on...
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square and circles
6 days ago3 min read
Income Tax on Bitcoins: Will Budget 2025 Hike Bitcoin ETF Tax to Flat 30%?
With the buzz around Budget 2025, one topic catching attention is the potential increase in taxes on Bitcoin ETFs. Currently taxed at...
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square and circles
Mar 44 min read
Raghuram Rajan's Views on India's Fiscal Challenges and the Need for Effective Government Spending
As the Union Budget approaches, many salaried taxpayers are eagerly anticipating potential income tax cuts to help ease the pressure of...
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square and circles
Mar 23 min read
Budget 2025 Wishlist: Extend Income Tax Return Filing Deadlines for Residents Earning Foreign Income
Budget season is here again! Alongside speculations about tax slabs and deductions, a critical topic on everyone’s radar is extending...
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square and circles
Feb 282 min read
Budget 2025: Proposed New Income Tax Bill Aims to Simplify Taxation
Income Tax Bill 2025:The upcoming Budget 2025 promises a lot of changes, but one that stands out is the proposed new Income Tax Bill ....
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square and circles
Feb 262 min read
₹37,000 Crore Recovered by Income Tax Department: Are You Filing Your Returns?
The Income Tax Department is on a roll! Over the past 20 months, they’ve recovered a whopping ₹37,000 crore from individuals who didn’t...
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square and circles
Feb 242 min read
Defective Income Tax Notices: What It Means for You
Filing taxes can sometimes feel like walking a tightrope, especially when unexpected notices show up in your inbox. But here's some good...
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square and circles
Feb 223 min read
Budget 2025: A New Income Tax Bill on the Horizon
Income Tax Bill 2025: With the Budget 2025 approaching, all eyes are on Finance Minister Nirmala Sitharaman's expected proposal for a new...
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square and circles
Feb 203 min read
Tax savings 2025: 5 Essential Aspects of the New Tax Regime for ITR Filing
Tax savings 2025: Budget 2024 Â has introduced several exciting changes to the tax regime, aimed at providing greater relief to taxpayers....
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square and circles
Feb 182 min read
Budget 2024-25: Long-Term Capital Gains Tax Increased to 12.5%
The 2024-25 Union Budget introduced a significant change to India’s tax landscape by increasing the long-term capital gains (LTCG) tax...
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square and circles
Feb 163 min read
SC Halts Rs 1.12 Lakh Crore GST Demand on Online Gaming Companies: What It Means for the Industry
GST demand on online gaming companies: The Supreme Court Steps In GST demand on online gaming companies: The online gaming industry...
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square and circles
Feb 144 min read
Congress Calls for a Simplified GST Ahead of the Budget: Here’s What You Need to Know
The Goods and Services Tax (GST) has long been a topic of debate in India, especially when it comes to its impact on the average...
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square and circles
Feb 124 min read
Simplifying Taxes for Spouses: Joint Taxation Explained in Budget 2025
As we approach the Union Budget 2025, an exciting proposal is making waves in the tax community. The Institute of Chartered Accountants...
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square and circles
Feb 104 min read
Important Update on GST Amnesty Scheme: Taxpayers Must Withdraw Appeals Before Applying for Penalty and Interest Waiver
GST Amnesty Scheme 2024 under Section 128A, announced in the 2024 Budget, has created significant buzz among GST-registered taxpayers....
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square and circles
Feb 83 min read
Simplifying Tax Responsibilities for NRIs in Budget 2025
Tax responsibilities for NRIs : The Union Budget 2025 is sparking interest with its proposals to ease tax compliance for non-residents....
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square and circles
Feb 63 min read
Major ITR Filing Rule Changes: What You Need to Know
ITR filing rule changes: Tired of getting lost in tax jargon? The Indian government is making big changes to simplify the tax-filing...
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square and circles
Feb 53 min read
Indian Gaming Industry Faces GST Tax Demands by February 2025
The Clock is Ticking: GST Tax Demands by February 2025 The Indian online gaming industry is under the spotlight as tax authorities push...
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square and circles
Feb 43 min read
Beware of Heavy Tax Penalties on Cash Transactions: Latest IT Department Update
Why the Income Tax Department Wants You to Think Twice About Cash Transactions Cash transaction penalties: Let’s face it, cash is...
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square and circles
Feb 22 min read
Do You Need to Submit Investment Proofs? A Guide for Salaried Taxpayers
Navigating tax season as a salaried employee can feel overwhelming, but don’t worry—we’re here to help! If you’re wondering whether you...
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