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Hey! So you’re wondering how to keep more of your hard-earned money in 2025 by paying less tax in India? That’s a smart question to ask, especially with the way tax laws are constantly changing. Whether you’re a salaried employee, a freelancer, a business owner, or even an investor, there are plenty of legal ways … Read more
IND AS 115 Explained: Transactions are the cornerstone of commerce, yet the exchange of money can often create conflict, as the legitimacy of their term “Revenue” such as when the money was actually received require clarity. It’s been a headache for accountants and finance people for ages. And that’s where IND AS 115 which is … Read more
How to Claim Input Tax Credit (ITC) in GSTR-3B: Filing taxes accurately is critical for every taxpayer and business owner, especially when it comes to GST. Among the many facets of GST filing, claiming Input Tax Credit (ITC) is one of the most significant aspects, as it allows businesses to reduce their tax liability. However, … Read more
If there’s one topic that’s got every business owner talking right now, it’s GST. The Goods and Services Tax isn’t just another government policy—it’s a system that shapes how businesses handle revenues and operations. With December 2024 rolling in, the buzz following the 54th GST Council meeting and recent tax revisions is still very much … Read more
Direct Tax Code: Taxation is never a particularly interesting topic at the dinner table, but when it comes to the Direct Tax Code (DTC), I think it deserves a bit more attention—especially given the impact it could have on our lives, businesses, and the economy at large. The DTC has the potential to reshape India’s … Read more
On November 25, 2024, the Ministry of Finance under the Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 27/2024-Central Tax, which updates the list of Goods and Services Tax (GST) commissioners authorized to pass orders on notices issued by the Directorate General of Goods and Services Tax Intelligence (DGGI). This notification, set … Read more
The Tamil Nadu Public Service Commission (TNPSC) has officially released the much-anticipated Road Inspector Recruitment 2023 results today. Candidates who appeared for the examination can now access their results on the official website tnpsc.gov.in. This recruitment drive aimed to fill over 950 vacancies for Road Inspector positions, offering aspirants a great career opportunity in Tamil … Read more
KPSC Recruitment 2024: केरल पब्लिक सर्विस कमीशन (Kerala Public Service Commission) ने Driver Grade II (HDV) पद के लिए आवेदन आमंत्रित किए हैं। यह भर्ती केवल Ex-servicemen के लिए है, जो NCC/Sainik Welfare विभाग में कार्यरत होंगे। इच्छुक उम्मीदवार 4 दिसंबर 2024 तक आवेदन कर सकते हैं। इस लेख में, भर्ती प्रक्रिया, पात्रता, और आवेदन … Read more
Section 87A rebate case: In a significant tax development, Beena Manishbhai Fofaria successfully contested the Centralized Processing Centre’s (CPC) decision regarding her eligibility for a tax rebate under Section 87A of the Income Tax Act. This victory highlights the complexity and nuances of tax laws, especially in relation to how short-term capital gains (STCG) are … Read more
Introduction to PAN 2.0 Project The Central Board of Direct Taxes (CBDT) has recently released a set of FAQs regarding the PAN 2.0 Project, which will be managed by the Income Tax Department (ITD). This project aims to modernize and streamline the process of issuing and managing PAN (Permanent Account Number) and TAN (Tax Deduction … Read more