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Income Tax Tightens Scrutiny on Capital Gains Exemption Abuse

15 Mar, 2025

Introduction The Income Tax Department has ramped up its scrutiny of taxpayers exploiting capital gains exemptions under Section 54F of the Income Tax Act. Investigations, particularly in Hyderabad, have uncovered widespread misuse, where individuals—especially high-net-worth professionals—falsely declare commercial properties as residential homes to evade taxes. This tightening of compliance aims to curb tax evasion and […]

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IndusInd Bank’s Stability Amid Market Speculations: RBI’s Assurance

15 Mar, 2025

IndusInd Bank’s Financial Stability: RBI Clears the Air In recent times, speculation has surfaced regarding the financial health of IndusInd Bank Ltd., causing concerns among investors and depositors. The Reserve Bank of India (RBI) has stepped in to dispel doubts, confirming that the bank remains well-capitalized and financially stable. This article delves into RBI’s official […]

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RBI’s 8-Day VRR Auction Sees Tepid Demand: What It Means for the Economy

15 Mar, 2025

Introduction The Reserve Bank of India (RBI) recently conducted an 8-day Variable Rate Reverse Repo (VRR) auction, but the response from banks remained subdued. This tepid demand raises concerns about banking sector liquidity, market interest rates, and overall economic momentum. In this article, we will explore why this auction faced weak participation, its implications for […]

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GST on Insurance Premiums: Why the Industry Prefers 12% Over Full Exemption?

14 Mar, 2025

Introduction: The GST Debate on Insurance Premiums The Goods and Services Tax (GST) on health and life insurance premiums is currently 18%, making policies costlier for individuals and businesses. The central government has hinted at the possibility of fully exempting insurance premiums from GST, aiming to boost insurance penetration. However, the insurance industry is pushing […]

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GST Rate Rationalisation: Key Updates and Implications for Businesses and Consumers

14 Mar, 2025

Introduction The GST rate rationalisation exercise is set to bring significant changes to India’s tax structure, aiming to ease the burden on consumers while ensuring revenue neutrality. Recent reports indicate that the government is unlikely to introduce a 35% GST slab for specific goods like tobacco and aerated beverages, as initially proposed by the Group […]

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How Indian Temples Earn and When GST is Levied

14 Mar, 2025

Understanding Temple Earnings and GST Implications Temples in India generate substantial revenue through donations, services, and commercial activities. However, a key question arises: Do temples pay GST? The answer lies in distinguishing between religious donations and taxable commercial activities. How Much Do Indian Temples Earn? While financial disclosures vary, estimates suggest that India’s top temple […]

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Gauhati High Court Rules 12% GST on Carbonated Fruit Drinks

13 Mar, 2025

Carbonated Fruit Drinks to Attract 12% GST: Gauhati High Court Ruling In a landmark decision, the Gauhati High Court has ruled that fruit pulp-based carbonated drinks should be taxed at 12% GST instead of 28%, offering relief to manufacturers and consumers alike. This verdict, based on the Rules for Interpretation of the Customs Tariff Act, […]

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Gold Prices Surge: Traders Debate New All-Time Highs

13 Mar, 2025

Gold Prices Reach Record High: What’s Driving the Surge? Gold has reached an all-time high of $2,945 per ounce, fueled by multiple global factors. Market analysts are now speculating whether it will breach the $3,000 mark, with traders actively strategizing around this potential breakout. Key Drivers of Gold’s Rally Legal & Regulatory Perspectives on Gold […]

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Defence MSMEs Face GST Burden on R&D Grants: A Tax on Innovation?

13 Mar, 2025

📊 The Challenge: GST on Defence MSME R&D Grants Micro, Small, and Medium Enterprises (MSMEs) engaged in defence research and development (R&D) are receiving GST notices imposing an 18% tax on grants received from the Ministry of Defence (MoD). This tax, levied under Section 13(2) of the CGST Act, 2017, has sparked concerns within the […]

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GST on Defence R&D Grants: A Barrier to Innovation?

12 Mar, 2025

Introduction India’s push for self-reliance in defence manufacturing has led to increased financial support for private Micro, Small, and Medium Enterprises (MSMEs) engaged in research and development (R&D). However, a recent issue has sparked debate—private defence start-ups and MSMEs are receiving Goods and Services Tax (GST) notices for an 18% levy on grants received from […]

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