Month: September 2025
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Powers of an Income Tax Officer
Introduction Income Tax Officers (ITOs) are vested with extensive powers under the Income-tax Act, 1961 to ensure effective administration, assessment, and recovery of taxes. These powers encompass search and seizure,…
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Who Can Be an Independent Director in a Listed Entity: A Comprehensive Guide
Introduction Independent directors form the backbone of corporate governance in listed entities, providing objective oversight and safeguarding stakeholder interests. Their role has gained increasing prominence as regulators worldwide emphasize the…
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Ratan Tata’s 3800 cr Will: Cooks receives 1 Crore – Check the beneficiaries here!
How the industrialist allocated his ₹3,800 crore fortune—from his beloved pets to his loyal staff When most billionaires pass away, headlines focus on inheritance battles, tax strategies, and power transfers.…
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5 Ways to Invest in Gold on Akshaya Tritiya to get best returns?
Akshaya Tritiya, a highly auspicious day in Hindu and Jain traditions, is considered an ideal time to purchase gold as a symbol of prosperity and good fortune. Falling on April…
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Understanding Director Disqualifications Under the Companies Act, 2013
The Companies Act, 2013 establishes clear guidelines regarding who can serve as a company director in India. This legislation outlines specific disqualifications that prevent individuals from being appointed or continuing…
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NSE’s 2025 Master Circular: Streamlining Listing Compliance for Indian Companies
The National Stock Exchange of India (NSE) has once again simplified regulatory compliance for listed companies with its Master Circular issued on April 30, 2025 (reference number NSE/CML/2025/25) for Listed…
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New HSN Code Validation Requirements in GSTR-1 from May 2025: What Taxpayers Need to Know!
Introduction The Goods and Services Tax (GST) authorities in India have announced significant changes to how businesses must report Harmonized System of Nomenclature (HSN) codes in their GSTR-1 returns. Effective…
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Customs duty (Tax) on Gold increased by 3%!
Spoiler: It’s not about the wedding season. Last night, while most of us were winding down, the Government of India quietly tweaked something called the tariff value of gold. From…
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CBDT Notifies New ITR-3 Form: Key Changes for Business Owners and Professionals for FY 2024-25
In a significant development for taxpayers earning income from business or professional activities, the Central Board of Direct Taxes (CBDT) has issued Notification No. 41/2025 dated April 30, 2025, introducing…
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Old vs. New Tax Regime for Salaried Employees (FY 2025–26)?
A Final Guide to Making the Right Choice The Income Tax regime in India offers two choices: the Old Regime with deductions and exemptions, and the New Regime with lower…
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