16 Jan, 2025
The Closure of Hindenburg Research: A Turning Point in Financial Activism Hindenburg Research, renowned for its bold investigations into corporate malfeasance, announced its closure on January 15, 2025. The firm’s founder, Nate Anderson, cited personal health challenges and the completion of their investigative pipeline as key reasons for disbanding the company. This decision marks the […]
Read More16 Jan, 2025
What is ITR-U? ITR-U (“Income Tax Return – Updated”) is an innovative step introduced under Section 139(8A) of the Income Tax Act, 1961, via the Finance Act, 2022. Effective from April 1, 2022, this provision offers taxpayers a way to correct omissions or errors in previously filed income tax returns. This mechanism is a move […]
Read More16 Jan, 2025
Goods and Services Tax Tribunals: A Long-Awaited ReliefThe much-anticipated Goods and Services Tax Appellate Tribunals (GSTAT) could take an additional six months to become operational, further prolonging relief for taxpayers. Initially expected to be functional by December 2024, the delay is attributed to challenges in appointing members, allocating infrastructure, and finalising IT systems. Why the […]
Read More16 Jan, 2025
Understanding the Waiver Scheme under Section 128A The Goods and Services Tax Network (GSTN) has issued an advisory, dated December 29, 2024, to assist taxpayers in filing applications under the waiver scheme. The waiver scheme, introduced under Section 128A, is designed to provide relief to taxpayers with pending demands or disputes by offering conditional waivers […]
Read More16 Jan, 2025
Introduction The Goods and Services Tax Network (GSTN) has announced significant updates regarding the Draft GSTR-2B for December 2024. This move comes in response to the extended deadlines for GSTR-1 and GSTR-3B filings, as outlined in Notifications No. 01/2025 and 02/2025, issued on January 10, 2025. Businesses and taxpayers must note that the Draft GSTR-2B […]
Read More15 Jan, 2025
Last Day to File Belated Income Tax Return for AY 2024-25 🕒 The deadline to file your belated or revised Income Tax Return (ITR) for the Assessment Year (AY) 2024-25 is January 15, 2025. This extension, announced by the Central Board of Direct Taxes (CBDT), gives resident individuals more time to file their returns. Missing […]
Read More14 Jan, 2025
Nifty Index’s Green Open: A Possibility? The Nifty index is set to challenge market expectations with a potential green open despite prevailing bearish sentiments. This comprehensive analysis covers market sentiment, technical indicators, global influences, and options data to provide traders with actionable insights. Market Sentiment Mixed signals dominate market sentiment. The option open interest (OI) […]
Read More14 Jan, 2025
FY25 Tax Collections Surge: Insights and Analysis India’s fiscal year 2025 (FY25) is shaping up as a landmark period for tax collection, reflecting robust economic activity and enhanced compliance efforts. With gross direct tax collections increasing by 19.9%, the numbers highlight the nation’s economic resilience and fiscal discipline. Key Tax Collection Figures for FY25 Breakdown […]
Read More13 Jan, 2025
The Nifty 50 index is at a critical juncture, with market dynamics and technical indicators pointing to 23,250 as a decisive support level. A break or rebound here could shape the index’s trajectory in the coming weeks. Current Technical Landscape The Nifty 50 is trading near a significant support zone between 23,350 and 23,200. Recent […]
Read More13 Jan, 2025
Standard Glass Lining IPO: A Strong Debut The Standard Glass Lining IPO made waves in the stock market with its impressive listing performance on January 13, 2025. With a listing price of ₹172 on the NSE and ₹176 on the BSE, the IPO delivered gains of 22.8% and 25.7%, respectively, over its issue price of […]
Read More