03 Feb, 2025
Crypto’s Wild Ride: $188 Billion Wiped Out Overnight The cryptocurrency market has once again proven its unpredictability, shedding a staggering $188 billion in market capitalization within a single day. Bitcoin, Ethereum, and other digital assets tumbled sharply, triggering over $2 billion in liquidations. This sudden downturn has left investors questioning risk management, regulation gaps, and […]
Read More02 Feb, 2025
A Record Increase in Tribal Welfare Funding The Union Budget 2025-26 has significantly increased financial support for tribal communities, reinforcing the government’s focus on holistic and sustainable development. The Ministry of Tribal Affairs has been allocated ₹14,925.81 crore, a 45.79% jump from the previous year’s ₹10,237.33 crore. This marks a 231.83% increase since 2014-15, when […]
Read More02 Feb, 2025
GST Collection Trends: January 2025 Overview The Goods and Services Tax (GST) collections for January 2025 have witnessed a significant rise, reflecting India’s strong economic recovery. The total GST revenue stood at ₹1.95 lakh crore, marking a 12.3% YoY increase compared to January 2024. Breaking down the figures: Category-Wise GST Performance Tax Type January 2024 […]
Read More02 Feb, 2025
Bitcoin Faces Market Jitters as New Tariffs Take Effect Bitcoin’s price has once again fallen under intense market pressure, dropping below the critical $100,000 mark. The decline comes in response to a series of newly implemented tariffs, effective February 1, 2025, impacting trade with Mexico, Canada, and China. This policy shift has triggered heightened volatility, […]
Read More01 Feb, 2025
Introduction The Union Budget 2025-26 lays the foundation for India’s fiscal and economic roadmap, outlining revenue generation, expenditure planning, taxation policies, and public investments. Understanding the budget documents helps businesses, taxpayers, and investors plan their financial strategies. Here’s a deep dive into the key aspects of Budget 2025-26 and their implications. 1. Key Budget Documents […]
Read More01 Feb, 2025
Introduction The Indian government has introduced significant personal income tax reforms, focusing on middle-class taxpayers. With the Budget 2025, the new tax regime brings revised slabs, increased tax-free income limits, and enhanced benefits. Let’s explore these key changes and how they impact different income groups. Key Features of the New Tax Regime Total Income (Rs.) […]
Read More01 Feb, 2025
Introduction The Union Budget 2025-26 has introduced significant tax reforms aimed at boosting economic growth while ensuring ease of compliance for individuals and businesses. The key focus areas include income tax relief, GST rationalization, and incentives for MSMEs. Let’s break down the major tax updates and their impact. Personal Income Tax Reforms The budget brings […]
Read More01 Feb, 2025
🔍 What’s Changing in the New Tax Regime? Budget 2025 introduces revised income tax slabs, offering better tax savings for individuals. The biggest highlight is that taxpayers earning up to ₹12 lakh will now pay zero tax, thanks to revised slabs and rebates. The new slabs under Section 115BAC(1A) are as follows: Total Income (₹ […]
Read More01 Feb, 2025
🔍 Why is the Government Introducing a GST Tracking System? The Indian government plans to amend the Central Goods and Services Tax (CGST) Act, 2017, through the Finance Bill 2025. This change will introduce a track-and-trace system to prevent tax evasion. Currently, many industries experience huge revenue losses due to tax fraud. Among the most […]
Read More01 Feb, 2025
Introduction The Madras High Court recently ruled that taxpayers who register under GST and pay tax only after an inspection cannot claim their compliance as voluntary. The case involved a charitable trust running a marriage hall without GST registration, eventually paying taxes post-inspection. The court held that such actions indicate deliberate tax evasion, making the […]
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