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Budget 2025: Block Assessment Amendments in Income Tax Search Cases

February 7, 2025 651 Views 0 comment Print

Budget 2025 revises block assessment rules for search cases, covering undisclosed income, assessment procedures, penalties, and time limits under I-T Act Sections 158B-158BG.

Maximizing Tax Benefits When Buying a New Car: A Comprehensive Guide

February 7, 2025 3588 Views 0 comment Print

Buying a new car is not just an upgrade for the ride or, for that matter, upgrading the lifestyle but rather can offer great financial benefits as well. After all, be it any form of tax saving, when it is about buying a new car, something that will keep saving money by owning the pleasure of driving around is knowing the right way of applying them appropriately.

RBI Monetary Policy February 2025: Key Rates & Measures

February 7, 2025 534 Views 0 comment Print

RBI cuts repo rate to 6.25%, revises GDP and inflation forecasts, introduces forward contracts in G-Secs, enhances cybersecurity, and updates payment security.

Share Capital Reduction: Process, Impact & Key Implications

February 7, 2025 519 Views 0 comment Print

Learn about share capital reduction under Section 66 of the Companies Act 2013, its process, financial impact, and implications for shareholders and investors.

From Choice to Currency: The Power of ‘Option’

February 7, 2025 135 Views 0 comment Print

Explore the evolution of “options” from a concept of free will to a cornerstone of modern finance, shaping global markets and economic strategies.

Control Area Checklist for Valuation of Inventories in Oracle Fusion

February 7, 2025 255 Views 0 comment Print

Key controls for inventory valuation in Oracle Fusion: compliance, quality testing, and accurate reporting to avoid discrepancies and ensure proper inventory management.

Customs Authorities cannot question MEIS benefits: Delhi HC

February 7, 2025 288 Views 0 comment Print

Delhi HC rules customs cannot override DGFT decisions on MEIS benefits in Designco v. UOI case, declaring customs actions as illegal and beyond jurisdiction.

Time To Harness The Power of Diversity In The Boardroom

February 7, 2025 132 Views 0 comment Print

Boardroom diversity includes gender, age, skill, and geographical diversity. Embracing it ensures better perspectives, growth, and effective leadership.

Union Budget 2025-2026 Glimpses

February 7, 2025 996 Views 0 comment Print

India’s Finance Minister, Nirmala Sitharaman, presented the Union Budget for 2025-26 on February 1 in Parliament. The budget introduces significant reforms, including the removal of income tax liability (under the new regime) for individuals earning up to INR 1.2 million annually, excluding special income.

Analysis of Notifications and Circulars for Week ending 2nd February 2025

February 7, 2025 4692 Views 0 comment Print

Key notifications from Income Tax, GST, RBI, and IBBI covering amendments, clarifications, and updates for the week of 27th January to 2nd February 2025.

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