The Indian economy is on the cusp of a significant shift, and at the heart of it lies “GST 2.0” – the latest evolution of the Goods and Services Tax. Effective September 22, 2025, these comprehensive reforms are poised to bring a wave of positive changes, directly impacting the wallets of millions of ordinary consumers. […]
Unlocking Savings: How GST 2.0 is Putting More Money Back in Your Pocket Read More »
If you’re running a sole proprietorship, partnership firm, LLP (not governed by the Companies Act), trust, or society, there’s a good chance you’ve been preparing your financials in a format that’s worked for years—but maybe lacked structure or consistency. That’s changing. To bring more clarity, transparency, and comparability to financial reporting, the Institute of Chartered
Goods and Services Tax launched on 1st July 2017 is a significant indirect tax reform in India that consolidates various taxes like excise duty, service tax, VAT, CST, luxury Tax, Entertainment Tax and Entry Tax. GST is a destination-based tax, a value added tax applied to the supply, which includes the manufacture or sale of
Goods and Services Tax- A Complete Overview Read More »
Your Income Tax Return: Guide for the Year 2024-25 Every Year it’s the same story- How to file my Income Tax return? Which exemptions and deductions are applicable to me? Should I take the help of someone professional? But he’ll charge heavy fees…… The Income Tax Act provides taxpayers with the option of selecting from
Income Tax Return: Guide for the Year 2024-25 Read More »
The Indian government has introduced the Income Tax Bill, 2025, aiming to replace the long-standing Income Tax Act, 1961. This legislative overhaul seeks to modernize and simplify the country’s direct tax framework. Below is a comparative overview highlighting the key differences and similarities between the two statutes: 1. Structural Simplification 2. Language and Readability 3.
Comparison between Income Tax Act,1961 and Direct Tax Code 2025 Read More »
Individual income tax return form online for tax payment concept, Businessman calculate annual tax payment, Government, state taxes. Data analysis and tax refund with financial on virtual screen
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