Statutory Compliance Calendar – August 2025 Due Date Compliance Applicable For / Notes 7th August Payment of TDS & TCS for July 2025 All deductors/collectors of tax at source 11th August Filing of GSTR-1 for July 2025 Monthly filers under GST 13th August Filing of Invoice Furnishing Facility (IFF) for July 2025 QRMP taxpayers Filing …
How indexation affects LTCG & Aet-offs post Budget 2024 comprehensive explanation of how indexation affects capital gains tax and set-offs—especially in light of the Budget 2024 changes. Key Capital Gains Tax Changes in Budget 2024 Explained Indexation removed for property sales after 23 July 2024. Grandfathering applies to properties purchased before 23 July 2024. LTCG …
Disclosure Pre-existing diseases when taking health insurance Overview of the disclosure requirements for pre-existing diseases when applying for health insurance in India, along with the rules on moratorium period and waiting period as per IRDAI guidelines. Pre-existing diseases are medical conditions or illnesses that insured person was already suffering from at time of purchasing health …
Maruti Suzuki Insurance Renewal Process Online Maruti Suzuki is one of India’s most trusted car brands, known for delivering reliable and efficient vehicles across a wide range of segments. Owning a Maruti car also comes with the responsibility of renewing your insurance on time to stay legally compliant and financially protected against accidents, theft, and …
CBDT Notifies IREDA Bonds as Long-Term Specified Asset U/s 54EC The Central Board of Direct Taxes has officially notified bonds issued by the Indian Renewable Energy Development Agency as long-term specified assets u/s 54EC of the Income Tax Act, 1961. This provides taxpayers with an additional avenue for claiming capital gains tax exemption, while also …
Key guidance for MF to ensure accurate ITR filings & avoid inflated capital gains reporting due to duplicate entries in the AIS: What is the issue: duplicate mutual fund redemptions in AIS What’s Happening in such a case: During this year’s ITR filing season, a peculiar issue has emerged in the AIS reporting of mutual …
ICAI allows Indian CA firms to officially tie up with Global Networks. ICAI now allows Indian chartered accountant firms to officially tie up with global accounting networks. The Institute of Chartered Accountants of India has introduced a forward-looking framework that provides a much-needed legal and ethical structure for Indian CA firms to collaborate with global …
Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2025 – 5th Amendments Procedural & disclosure in CIRP framework The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2025 introduces important procedural and disclosure-related amendments to the CIRP framework under the IBC. These amendments Reinforce the importance of …
MCA Revised Mandatory Disclosures Form INC-22A Key Amendment – Substitution of Form INC-22A – MCA Notifies Companies (Incorporation) Amendment Rules, 2025 Summary of the latest development regarding the Companies (Incorporation) Amendment Rules, 2025, as notified by the Ministry of Corporate Affairs (MCA). The amendment introduces a revised e-form INC-22A, Form No. INC-22A (ACTIVE) – Active …
Update on Income Tax Return Processing Transparency Just two days ago, during our live session, we highlighted that only 95k ITRs had been processed—despite over 55 lakh filings already being recorded. Now, the Income Tax Department has removed the Income tax return processed count from its official website. This move raises serious concerns. As Income …