Central Govt. Employees – Income Tax Rates (Assessment Year 2025–26)
Assessment Year (AY) 2025–26 corresponds to income earned during Financial Year (FY) 2024–25. Central Government employees can choose between two tax regimes — the...
Time of Supply Under GST
Understanding the concept of time of supply is essential for every business registered under GST. It determines the exact point in time when tax...
Govt. May Allow CAs to Advertise Services
The government is likely to amend laws to allow Chartered Accountants (CAs) and their firms to advertise their services — a shift aimed at...
Justice Surya Kant Urges Judiciary to Innovate Amid Emerging Social Challenges: “Justice Must Evolve with Society or Risk Becoming Its Shadow”
Supreme Court Judge Justice Surya Kant on Thursday called upon the Indian judiciary to continuously evolve and innovate to address emerging societal challenges such...
GST Reforms May Lead to Influx of Cheaper Paper Imports, Warns Industry Body
The Indian paper industry has expressed serious concern over a potential rise in paper imports following recent changes to the Goods and Services Tax...
How suits for recovery of money work in India? 2025
When a business invoice goes unpaid or a borrower defaults, the creditor’s most common civil remedy is a suit for recovery of money. But...
How to Send a Legal Notice Against Builder for Delay in Possession In 2025?
Before filing any case, serve a clear, precise legal notice demanding either (a) immediate possession; or (b) refund with interest/compensation under RERA, the contract,...
GST ITC Reversal Rules – Explained Simply
Claiming Input Tax Credit (ITC) under the Goods and Services Tax (GST) regime helps businesses reduce tax costs and avoid cascading taxes. However, while...
What is FERA? An explanation of India’s first foreign exchange regulation law
The Foreign Exchange Regulation Act, 1973, or FERA, was a law passed to control foreign investments, securities, and payments in India. It was intended...
ICAI President CA Charanjot Singh Nanda Highlights Major Reforms; Global Initiatives In October 2025
In his latest address to the members of the Institute of Chartered Accountants of India (ICAI), President CA. Charanjot Singh Nanda shared key updates...
How To Save Tax On F&O Income? Know Tricks
F&O income is taxed as business income (non-speculative) under Indian tax law — it’s not treated as capital gains. This determines the ITR, deductions...
Is Leave Encashment Tax Free?
Whether leave encashment is tax free in India depends on when you receive it and who you work for. Government employees and legal heirs...
Is Live Reporting In Court Becoming Hindrance In Justice And Leading To Miscommunication?
The judicial system stands on three cardinal pillars — independence, fairness, and transparency. In recent years, however, the concept of “transparency” has taken on...
Section 43B(h): A Provision Meant to Protect MSMEs Is Now Hurting Them — Urgent Review Needed
When Section 43B(h) of the Income Tax Act was introduced in the Union Budget 2023, the intent was clear — to ensure that Micro, Small,...
How much does a CBI officer earn?
Entry-level CBI Sub-Inspector (recruited via SSC CGL) is placed on Pay Level 7 of the 7th Central Pay Commission, with a basic pay starting...
GST Bill Format – 2025 Update
GST (Goods and Services Tax) in India requires every registered supplier to issue a tax invoice for supplies of goods or services. A proper...
How Much Gold Can You Keep At Home Without Proof? CBDT Clarifies
The Central Board of Direct Taxes (CBDT) has clarified that married women can up to 500 grams, unmarried women up to 250 grams and...
What Address Proof Is Required for GST Registration if a Person Participates in an Exhibition?
The Central Board of Indirect Taxes and Customs (CBIC) has issued a key clarification on the proof of address required for Goods and Services...
How to Surrender Your PAN Card ?
Having more than one Permanent Account Number (PAN) or holding an invalid or incorrect PAN is a violation of the Income Tax Act. Section...
Income Tax Dept. Intensifies Scrutiny on Savings Accounts: High-Value Cash Transactions, Interest Mismatches Under Lens
Savings accounts are often seen as low-risk, low-visibility banking instruments. But in the eyes of tax authorities, transactions in these accounts—especially large ones—carry significant...
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