14 Nov, 2024
Navigating the New Tax Landscape : A Middle Class Perspective In the last decade, India’s tax policy under the government has undergone significant changes, ostensibly aimed at easing the financial burden on the middle class while tightening the net around high-income earners. Here’s a closer look at how these policies are affecting everyday Indians, from […]
Read More14 Nov, 2024
The Income Tax Act, 1961, lays out stringent rules to limit cash transactions limits and promote transparency, while also discouraging tax evasion. If you’re a taxpayer or business owner, it’s crucial to understand these rules to avoid hefty penalties. Here’s a concise guide to the key cash transaction limits you need to be aware of: […]
Read More13 Nov, 2024
The Nifty 50 index is a crucial barometer for the Indian stock market, representing the performance of 50 of the largest companies. Recently, the index experienced a notable Nifty’s 10% Correction dip from its all-time high, sparking a wave of speculation and analysis. Let’s break down the factors behind this correction and explore smart strategies […]
Read More13 Nov, 2024
The National Stock Exchange of India (NSE) has recently announced the inclusion of NSE Adds 45 New Stocks to F&O Segment into its Futures and Options (F&O) segment, effective from November 29, 2024. This strategic expansion not only diversifies the trading options available on the NSE but also has significant implications for both the market […]
Read More12 Nov, 2024
Understanding the Finance Act (No. 2) of 2024: Key Changes for Taxpayers The Finance Act (No. 2) of 2024, enacted on August 20, 2024, has introduced significant changes to India’s taxation framework. These changes focus on simplifying capital gains taxes and improving procedural aspects of tax assessments. This blog post breaks down these updates to […]
Read More12 Nov, 2024
In recent market movements, the Nifty’s Fall index, a key barometer of India’s financial health, has seen notable declines, stirring concerns among investors and taxpayers alike. Here at efiletax, we understand the intersection of market performance and personal finance, so let’s dive into what this means for you. The Nifty 50, representing the 50 largest […]
Read More12 Nov, 2024
In October 2024, India’s retail inflation climbed to 6.21%, marking the highest rate in the last 14 months. This sharp rise comes after a September rate of 5.49%, driven significantly by food inflation, particularly vegetables. Such an increase has not only impacted the cost of living for common citizens but also caught the attention of […]
Read More12 Nov, 2024
The Invoice Management System (IMS), introduced in October 2024 as an optional facility on the GST Portal, aims to simplify invoice processing for recipients. This system allows recipients to accept, reject, or keep pending invoices submitted by suppliers in GSTR-1/1A/IFF. Based on the actions taken by recipients, GSTR-2B is generated for recipients on the 14th […]
Read More12 Nov, 2024
The Indian brokerage landscape continues to evolve, with digital platforms increasing accessibility and engaging millions of clients nationwide. As of October 2024, active user data reflects dynamic shifts in market share among leading stockbrokers, with over 48 million active users in India’s brokerage sector. 1. Groww: 12.59 Million Active Users 2. Zerodha: 8.07 Million Active […]
Read More11 Nov, 2024
India’s high-income taxpayers are on the rise, with a remarkable increase in the number of individuals reporting taxable incomes exceeding ₹1 crore. As of October 2023, over 220,000 people fall into this high-income category, with more than 100,000 joining in the last three years alone. This surge reflects significant shifts in the country’s economic landscape […]
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