20 Dec, 2024
TDS on Property Purchase from NRIs: Compliance Guide for Buyers Buying a property from a Non-Resident Indian (NRI) involves specific Tax Deducted at Source (TDS) obligations under Section 195 of the Income Tax Act, 1961. This guide outlines the TDS rates, procedures, and legal requirements to help you stay compliant and avoid penalties. Why Deduct […]
Read More20 Dec, 2024
Mutual Funds vs Fixed Deposits: Choosing the Right Option for Your Goals Mutual funds and fixed deposits are popular investment options in India, each catering to different financial needs. According to the latest Moneymood 2025 report, 62% of people invested in mutual funds in 2024, up from 54% in 2023. Meanwhile, 57% opted for fixed […]
Read More20 Dec, 2024
Introduction The Nifty 50, a key benchmark of the Indian stock market, has been on a roller-coaster ride recently, leaving investors grappling with uncertainty. With support and resistance levels tightly contested, and macroeconomic factors adding fuel to the fire, understanding these volatile patterns is critical for making informed investment decisions. This blog decodes the latest […]
Read More20 Dec, 2024
Introduction In a recent case, the Allahabad High Court disposed of a writ petition involving a GST rate dispute between an assessee and the Public Works Department (PWD). The case underscores the importance of compliance with revised tax rates and timely payment of outstanding dues. Here’s a detailed breakdown of the judgment, its implications, and […]
Read More20 Dec, 2024
Introduction The 55th Goods and Services Tax (GST) Council meeting may mark a significant turning point for intermediaries in India, such as brokers, agents, and online bidding portals that provide services to entities abroad. A proposal to classify these intermediaries as exporters could provide substantial tax relief by making their services zero-rated under GST. Currently, […]
Read More20 Dec, 2024
India’s fiscal performance has taken a positive turn, with the net direct tax collections recording a year-on-year (YoY) growth of 16.45%, as per government data. By the current fiscal’s timeline, total collections have surged to Rs 15.82 lakh crore, showcasing the growing resilience and efficiency of the country’s tax administration. Let’s analyze the key drivers […]
Read More20 Dec, 2024
Introduction: Handling GST notices can be daunting, especially with the evolving tax landscape in India. Recent court rulings, including the Madhya Pradesh High Court’s judgment on flawed GST cancellation notices, highlight the importance of taxpayer rights and procedural compliance. This guide will help you understand GST notices, the common pitfalls, and actionable steps to respond […]
Read More20 Dec, 2024
Introduction The much-anticipated International Gemological Institute (IGI) IPO is set to make its debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) today, December 20, 2024. With a stellar subscription rate of 35.48x and significant interest from Qualified Institutional Buyers (QIBs), the IPO has already captured market attention. Here’s a breakdown of […]
Read More19 Dec, 2024
Ola Electric’s Aggressive Expansion: 4,000 Stores by 2024 to Boost EV Adoption 🚗 Ola Electric, one of India’s top electric vehicle (EV) manufacturers, has unveiled a bold plan to scale up its retail network significantly. The company aims to increase its store network from 800 to 4,000 outlets by December 20, 2024. This ambitious rollout, […]
Read More19 Dec, 2024
Section 73 Time Limits: Why the Allahabad HC Quashed FY 2017-18 Orders ⚡ The Core Issue: Section 73 Orders & Time Limits In a landmark ruling, the Hon’ble Allahabad High Court in M/s. AV Pharma v. State of UP [Writ Tax No. 264 of 2024] clarified that time limits under Section 73 of the Central […]
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