IEC in the Denied Entity List (DEL): Compliance, Consequences, and Corrective Mechanisms under India’s Foreign Trade Policy Introduction The smooth functioning of India’s international trade ecosystem depends on adherence to regulatory obligations under the Foreign Trade Policy, Customs Act, and Directorate General of Foreign. Under this blog, mention the Guidelines for maintaining the Denied Entities …
Major Reforms in Nomination Rules for Bank Accounts, Deposits, and Lockers The Government of India has enacted the Banking Laws (Amendment) Act, 2025, introducing major reforms to nomination rules for bank accounts, deposits, and safety lockers. Significant reforms to nomination rules governing bank accounts, deposits, and safety lockers have come into effect from November 1, …
GST IMS Introduction of Pending Option for CN & Declaration of Reversal AMT in IMS w.e.f. Oct 2025 : GSTN Background – Introduction of “Pending” Option The GSTN has introduced a new facility in the IMS on the GST portal, allowing taxpayers to mark Credit Notes as “Pending” for one tax period. Additionally, the IMS …
OVERVIEW THE MAIL ORDER BUSINESS IN INDIA What is Mail Order Business? Mail Order Business : A mail order business sells goods directly to customers through catalogues, advertisements, or printed material, where the orders are placed via post, phone, or email, and goods are delivered by courier or postal services. It usually operates without an …
CBDT Due Dates for Tax Audit & ITR Filing (FY 2025-26) Official Press Release issued by V. Rajitha, Commissioner of Income Tax (Media & Technical Policy) & Official Spokesperson, from the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes (CBDT), dated 31st October 2025. Here are the key points …
Banks vs Housing Finance Companies: Key Differences Every Home Loan Borrower Must Know Comparing a bank and a housing finance company (HFC) on a financial marketplace can create a big difference for a home loan journey. You get to choose better interest rates, faster approval, and more flexibility. However, many people are still stuck believing …
Key Changes in ITC Reporting for GSTR-9 & GSTR-9C for FY 2024–25 Changes in ITC Presentation in GSTR-9/9C for FY 2024-25 The revised GSTR-9/9C formats for FY 2024-25 have introduced structural and computational changes to ensure accurate demarcation of Input Tax Credit (ITC) pertaining to different financial years and eliminate artificial mismatches in reconciliation tables …
How to Build a Strong CIBIL Score – Step-by-Step Guide for New Customers Your CIBIL score is a 3-digit number (300–900) that reflects your credit behaviour. A good credit score improves your chances of getting home loans, personal loans, and credit cards often with lower interest rates. In India, the CIBIL score ranges from 300–900, …
How To Analyze A BALANCE SHEET What Is a Balance Sheet? A Balance Sheet reflects a company’s financial position on a specific date showing what it owns (assets), what it owes (liabilities), and the owners’ stake (equity). Analyzing it helps assess liquidity, solvency, and overall financial health. A snapshot of a company’s financial position at a …
Dhanteras 2025: Unlock the Power of Your Jewellery with an Gold Loan Dhanteras is one of the most awaited festivals in the Indian calendar. It marks the beginning of Diwali celebrations, one of the most important Hindu festivals in India. People purchase gold, silver, or other valuable items on this day, as it is believed …