06 Jun, 2025
FDI Rules for Bordering Nations Remain Unchanged in 2025 In a recent clarification, official sources have confirmed that FDI rules for bordering nations such as China, Pakistan, Nepal, Bhutan, Bangladesh, Myanmar, and Afghanistan remain unchanged in 2025. This comes amid speculation about a potential easing of restrictions. FDI from these nations is still subject to […]
Read More06 Jun, 2025
States Demand Higher Share in Tax Revenue Explained Focus keyphrase: States want tax revenue In a recent development that could reshape India’s fiscal federalism, NITI Aayog Chairman Arvind Panagariya confirmed that a majority of Indian states want tax revenue share increased to 50% from the current 41%. This push comes ahead of the 16th Finance […]
Read More06 Jun, 2025
Why ₹1 Crore+ Earners Are Under the Tax Radar Focus keyphrase: High net worth scrutiny A recent Income Tax Department review revealed a striking gap: Around 7–8 lakh high net worth individuals (HNIs) are likely earning over ₹1 crore annually, but many don’t declare this in their ITRs. This growing compliance mismatch has prompted high […]
Read More06 Jun, 2025
Summary CA associations are demanding urgent action from the Finance Ministry. Here’s what happened and how taxpayers can stay safe. GST Data Leak Scam: What Happened? According to recent reports and verified CA associations, third-party agents were found selling GST registration and return filing data on WhatsApp and Telegram, exposing serious lapses in data security. […]
Read More05 Jun, 2025
CETP Services Get Tax Relief Under Section 145 CESTAT Ruling Explained A recent ruling by the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) brings much-needed clarity to CETP tax exemption under Section 145 of the Finance Act, 1994. The Tribunal held that services provided by Common Effluent Treatment Plants (CETPs) for environmental protection are […]
Read More05 Jun, 2025
ITAT Relief for Coursera No Royalty or FTS Tax under India-US DTAA In a landmark ruling for global edtech platforms, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that income earned by Coursera Inc., a US-based online learning platform, is not taxable in India as ‘royalty’ or ‘fees for technical services […]
Read More05 Jun, 2025
India’s GST Collection Hits New High Is the System Finally Maturing? India’s GST collection high trend continues in 2025, hitting record figures month after month. But this is not accidental—it’s the result of systemic reforms, improved digital monitoring, and taxpayer discipline cultivated over nearly eight years since the Goods and Services Tax regime was introduced. […]
Read More05 Jun, 2025
Green Steel Incentives Lower Energy Prices May Power India’s Decarbonisation Push The Finance Ministry’s green steel incentives may soon include cheaper energy prices, as per internal sources. This move is part of India’s long-term decarbonisation strategy and aims to make sustainable steel production commercially viable across the country. Let’s break down what this means for […]
Read More05 Jun, 2025
TNHB can’t ask flat buyers to pay 5% GST, says Madras HC In a major relief to homebuyers, the Madras High Court has ruled that the Tamil Nadu Housing Board (TNHB) cannot recover additional 5% GST from flat buyers if such tax liability arises after the agreement is signed. This TNHB GST ruling reinforces buyer […]
Read More05 Jun, 2025
India Urges WTO to Act on Non-Tariff Barriers What It Means for Exporters India has raised strong concerns at the World Trade Organization (WTO), urging it to act decisively on non-tariff barriers (NTBs) that are affecting developing countries. This call for action comes amid rising instances of opaque customs procedures, complex packaging rules, and environmental […]
Read More