10 May, 2025
IntroductionITR Form 7 notified for AY 2025-26 via CBDT Notification No. 42/2025 dated 29.04.2025. This form is for entities like trusts, political parties, and institutions claiming exemptions under various sections of the Income Tax Act, 1961. Who Should File ITR Form 7? What’s New in ITR Form 7 for AY 2025-26? As per CBDT Notification […]
Read More10 May, 2025
What Is GST and Why Was It Introduced? Goods and Services Tax (GST) in India was introduced in 2017 to simplify multiple indirect taxes. It aimed to: GST in India: 5 Key Benefits But Why the ‘Gabbar Singh’ Tag? Critics, especially small traders and taxpayers, have flagged issues: Concern Ground Reality Complex Returns Multiple forms […]
Read More10 May, 2025
Government Expands Credit Guarantee Scheme for Startups (CGSS) The Government of India has notified the expansion of the Credit Guarantee Scheme for Startups (CGSS), aiming to make institutional credit more accessible for early-stage businesses. This move is expected to ease financing bottlenecks and unlock formal credit for thousands of startups across the country. The scheme […]
Read More10 May, 2025
India Chile Economic Partnership: A New Chapter in Bilateral Trade India and Chile have officially signed the Terms of Reference (ToR) to begin negotiations for a Comprehensive Economic Partnership Agreement (CEPA). This agreement aims to expand bilateral trade, investment opportunities, and tariff benefits—especially for Indian exporters and importers. Let’s break down what this means for […]
Read More10 May, 2025
India’s Cybersecurity Push in Banking: FM’s Review Signals Urgency Finance Minister Nirmala Sitharaman recently chaired a high-level meeting to review the banking sector’s cybersecurity preparedness, with a special focus on digital systems like internet banking and UPI. This signals growing concern over rising cyber threats and the critical role banks play in India’s digital economy. […]
Read More10 May, 2025
NCLAT Revises Stenographer Grade-III Rules: What’s New? The Stenographer Grade-III rules have been officially amended by the National Company Law Appellate Tribunal (NCLAT). The changes aim to make the selection process more inclusive and practical, especially in terms of age, skill test timings, and relaxation for reserved categories. Let’s break down the key changes that […]
Read More10 May, 2025
NCLT Staff Rules 2025: What Changed and Why It Matters The Tribunal Staff Rules 2025 bring major updates to recruitment norms at the National Company Law Tribunal (NCLT)—especially for stenographers, assistants, and administrative staff. These changes follow the NCLT (Amendment) Rules, 2025, officially notified by the Ministry of Corporate Affairs (MCA), and are aimed at […]
Read More10 May, 2025
Shipping Income Tax Regime: Clause 225 vs Section 115VA India’s shipping industry has long benefited from a special taxation method. The focus keyphrase “shipping income tax regime” becomes relevant again with the introduction of Clause 225 in the Income Tax Bill, 2025, which seeks to replace Section 115VA of the Income-tax Act, 1961. Let’s break […]
Read More10 May, 2025
GST Registration Grievances Addressed The focus keyphrase GST registration grievance redressal takes center stage in Bengaluru Zone with the issuance of Public Notice No. 01/2025 dated 9 May 2025. This aims to resolve issues faced by applicants during new GST registration—especially around document clarifications and officer queries. Why This Redressal Mechanism Was Needed Many GST […]
Read More10 May, 2025
Attari ICP Closure: What CBIC’s Instructions Mean for Importers and Exporters The Attari Integrated Check Post (ICP) is a crucial land route for India-Pakistan cross-border trade. In May 2025, the CBIC issued a directive halting all movement of goods and passengers via Attari ICP. This blog simplifies the impact of this closure for businesses and […]
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