Month: September 2025
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EPF Compliance for All Employees – Including Voluntary Coverage Above Wage Ceiling
1. Introduction The Employees’ Provident Fund & Miscellaneous Provisions Act, 1952 (EPF Act) is one of India’s most important social security legislations. It ensures long-term retirement savings and financial security…
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GST Council’s Major Decisions in August 2025 – Complete Guide
Latest Updates, Impacts, and Key Takeaways for Businesses & Taxpayers Introduction The Goods and Services Tax (GST) Council’s recent meeting in August 2025 brought significant reforms that will impact businesses,…
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India’s Net Direct Tax Collections Drop 4% Despite Budget Tax Reforms: What It Means for You
The Headlines That Caught Everyone’s EyeIn a surprising twist, India’s net direct tax collections for the period April 1 to August 11, 2025 have slipped by 4% year-on-year — despite…
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Beware Taxpayers – Rectification of Earlier ITR Processings to Deny Loss Set-off in Belated Returns – New Departmental Approach
1. Introduction In recent months, the Income-tax Department has adopted a new operational approach wherein earlier-processed Income-tax Returns (ITRs) — especially those in which set-off of brought-forward business losses was…
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AIS Mismatch Troubles for Indian Investors: What It Means for Your Capital Gains and Tax Filing
Picture this: You’re finally sitting down to file your Income Tax Return (ITR). You open your Annual Information Statement (AIS) on the income tax portal, expecting to see neat, accurate…
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No More Transaction Taxes? The Global Trend That Could Transform Markets
In recent years, a powerful global trend has emerged — countries are rethinking or even removing transaction taxes to attract more investments. From bustling Asian markets to established Western financial…
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GST Simplification: Modi’s Diwali Gift to India
On August 15, 2025, during his Independence Day address, Prime Minister Narendra Modi announced a historic reform of India’s Goods and Services Tax (GST) system — a move set to…
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UPI Changes by RBI: What You Should Know (August 2025 Update)
India’s Unified Payments Interface (UPI) continues to reshape how millions transact electronically. To maintain security, reliability, and performance amid soaring usage, the Reserve Bank of India (RBI) and NPCI have…
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Bank-Wise ATM Withdrawal Limits in India 2025 – Full Debit Card Usage Guide
Cash may feel old‑school in our digital era, but ATMs remain a lifeline for many. Whether you’re getting started with a basic account or hold a premium card, it’s essential…
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India–USA Trade and Tariff War: Today’s Scenario and What It Means for Businesses
The trade relationship between India and the United States has always been a mix of collaboration and competition. In recent years, tariff disagreements have escalated into what many call a…
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