19 Apr, 2025
No GST on UPI transactions above ₹2000 — this official clarification from the Ministry of Finance busts the viral misinformation circulating on social media. Here’s what Indian taxpayers and digital merchants need to know. 🔎 What Was the Viral Claim? A rumour suggested that GST would be imposed on UPI payments exceeding ₹2,000, sparking widespread […]
Read More19 Apr, 2025
🚨 AILA Report Shocker: Indian students account for 50% of recent US student visa revocations. This isn’t just a stat—it’s a warning bell. What’s going wrong? Why now? The US has tightened scrutiny on F-1 visa holders, especially from India. And with over 2.6 lakh Indian students studying in the US (as of 2024), this […]
Read More18 Apr, 2025
Intro:If your GST registration is flagged as risky after Aadhaar authentication or skipped verification altogether, your application now undergoes a physical verification process. The CBIC has set a 30-day timeline for approval in such cases. When Does Physical Verification Apply? The 30-day GST registration timeline after physical verification is triggered in any of the following: […]
Read More18 Apr, 2025
China Halts LNG Imports from the US: A Global Signal China has not imported a single cargo of liquefied natural gas (LNG) from the United States for over ten weeks. This pause, amid persistent trade tensions, may seem like just another geopolitical standoff—but the energy and economic ripples are real. Why This LNG Freeze Matters […]
Read More18 Apr, 2025
RBI Repo Rate Cut 2025: Time to Rethink Your Home Loan The Repo Rate Cut 2025 is good news for home loan borrowers. With the Reserve Bank of India reducing the repo rate by 50 basis points (bps) in two instalments this year, banks now have cheaper access to funds—and you, as a borrower, could […]
Read More18 Apr, 2025
New TDS Rate on Rent 2024: What Changed? The new TDS rate on rent from 1st October 2024 is now 2% (reduced from 5%) for monthly payments exceeding ₹50,000 under Section 194-IB. This change impacts salaried individuals, tenants, and those filing Form 26QC. Let’s break it down. What is Section 194-IB? Provide Form 16C to […]
Read More17 Apr, 2025
India’s top IT players—TCS, Wipro, and Infosys—have begun releasing their Q4 FY25 results. These updates reveal how the sector fared amid tariff shocks, deal delays, and macro pressures. Here’s a quick analysis of the Q4 FY25 results and what they mean for investors and tax professionals. TCS Q4 FY25 Results: Revenue Up, Profit Slightly Down […]
Read More17 Apr, 2025
IndAS 118: What India’s New Accounting Standard Means for You India will adopt IndAS 118 from April 2027, aligning local practices with IFRS 18, the global benchmark for presenting financial performance. This shift is set to overhaul how Indian companies report income and expenses—aimed at better transparency for investors and stakeholders. Why Is IndAS 118 […]
Read More17 Apr, 2025
The focus keyphrase “Goa University affiliation fees” has gained attention after a recent High Court verdict clarified that these fees are not subject to GST. This decision offers critical relief to educational institutions facing tax demands from authorities. What Did the High Court Rule? The High Court of Bombay at Goa recently ruled that affiliation […]
Read More17 Apr, 2025
TSMC Q1 2025: Why Indian Tax Professionals Should Pay Attention TSMC Q1 2025 results may seem far removed from India’s tax landscape—but they’re not. With revenue up 35% YoY, TSMC’s performance offers important clues about India’s semiconductor policy, import duties, and even GST exemptions on fab investments. Key Highlights from TSMC Q1 2025 Why This […]
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