Starting April 22, 2025, the Income Tax Department has implemented a new tax compliance measure: 1% TCS (Tax Collected at Source) is now applicable on luxury goods priced above ₹10…
📚 Introduction:As the financial year 2024–25 progresses, businesses must keep one critical compliance date in mind: 📅 30th November 2025 — the last date to rectify, amend, or add entries…
The new Income Tax Bill 2025 will replace the Income Tax Act of 1961 and come into effect on April 1, 2026. Union Finance Minister Nirmala Sitharaman is set to present the Bill…
The Reserve Bank of India announced the withdrawal of 2000 currency notes from circulation on May 19, 2023. Those who have 2000 notes can deposit them into their accounts or…