Month: September 2025
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Tax on Luxury Goods Above Rs 10 Lakh – 1% Starting April 22, 2025
Overview of the New TCS Provision Starting April 22, 2025, India is set to implement a new Tax Collected at Source (TCS) provision targeting luxury goods priced above Rs 10…
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Indian Geographical Update: A Chartered Accountant’s Analysis
I. Introduction On 22nd April 2025, the Ministry of External Affairs issued a corrigendum via G.S.R. 253(E) to correct a typographical or factual error in a prior notification G.S.R. 216(E)…
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FAQ on 1% Tax on Luxury Goods Exceeding ₹10 Lakh Effective April 22, 2025
In a significant move aimed at enhancing tax compliance and expanding the tax base, the Government of India has introduced a 1% Tax Collected at Source (TCS) on the sale…
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Salaried Indians Are Losing ₹50,000+ in Tax Refunds Every Year—Are You One of Them?
Mumbai, April 24 – A shocking trend has emerged among salaried individuals in India: millions are unknowingly overpaying income tax—and most don’t even realize it until it’s too late. According…
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How Much Tax Do You Pay on YouTube Income in India?
If you’ve started earning money from YouTube—whether through AdSense, brand deals, or affiliate marketing—it’s a great milestone. You’re building a brand, an audience, and more importantly, a source of income.…
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New Andhra Pradesh Grameena Bank: What Customers Need to Know
Introduction The Indian financial sector continues to undergo structural reforms, particularly in the rural banking landscape. A significant development in this sphere is the Government of India’s notification for the…
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Luxury Comes at a Cost: Decoding the New 1% TCS Rule
Introduction In an effort to widen the tax base, monitor high-value transactions, and curb tax evasion, the Indian Government has introduced several Tax Collection at Source (TCS) provisions under the…
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Contracts Cannot Override Statues – GST RCM Case
Introduction: A recent High Court judgment has reaffirmed a crucial principle under GST law — statutory liabilities, particularly under Reverse Charge Mechanism (RCM), cannot be bypassed through private contractual agreements.…
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Clarity on LODR Regulations: SEBI’s Latest FAQs Explained
On April 23, 2025, Securities and Exchange Board of India (SEBI) released a set of Frequently Asked Questions (FAQs) to provide clarity on the recent amendments to the Listing Obligations…
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Deadline for MSME Form 1: Key Changes and Compliance Guide
Compliance Alert:Companies must file MSME Form 1 by April 30, 2025, if they had payments due to Micro or Small Enterprises (MSEs) exceeding 45 days as of March 31, 2025.…
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