India has entered a new tax era as the much-awaited GST 2.0 reforms officially came into effect today, September 22, 2025. The move brings a mix of relief and surprises for consumers. While many daily essentials and household goods are now cheaper, the government has slapped a hefty 40% GST slab on a range of […]
Recent updates in the income tax landscape have introduced significant changes, particularly with the introduction of the new tax regime. These revisions aim to simplify the process while offering lower rates for taxpayers. However, they come with fewer exemptions and deductions, making it essential to understand the implications fully. For the financial year 2025-26, the revised slab rates
Understanding Tax Deducted at Source (TDS) is key for both individuals and businesses in India. Section 194E of the Income Tax Act deals with tax on services provided by non-residents. Knowing this section well helps in following tax rules and getting the right deductions. With the right information, you can handle the section 194E tax deduction smoothly. This is important for
New Delhi: With India’s booming digital economy, the Income Tax Act’s Section 194O has become a crucial rule for e-commerce platforms and sellers alike. The provision mandates that online marketplaces like Amazon, Flipkart, and others deduct Tax Deducted at Source (TDS) from payments made to sellers. This move aims to bring transparency, curb tax evasion,
Prime Minister Narendra Modi, in his Independence Day address on Friday, announced that next-generation Goods and Services Tax (GST) reforms will be rolled out by Diwali, promising a reduction in taxes on everyday-use items. “I am going to give a great gift on Diwali. In the last eight years, we undertook a major GST reform
