Taxpayers in India must carefully adhere to deadlines when switching between old and new tax regimes via revised returns, with timing and proper procedures determining eligibility and potential refunds. A salaried taxpayer who first files under India’s default new tax…
Instant loans offer quick relief but can hide costly interest structures and fees. Borrowers must scrutinise interest calculations, repayment terms, and verify lender legitimacy to avoid costly pitfalls. An instant loan can feel like a lifeline when an urgent bill…
Workers often face avoidable denials when claiming their provident fund due to mismatched or incomplete records across UAN, Aadhaar, bank details, and employment data, underscoring the need for meticulous verification before reapplication. Aaj Tak reported that a provident fund claim…
The Insurance Regulatory and Development Authority of India aims to increase transparency and reduce dealer commissions by introducing new platforms and caps, potentially transforming how consumers purchase motor insurance at showrooms. Indian motor insurance buyers may soon see a shift…
The Central Board of Direct Taxes has provided additional time for eligible taxpayers to complete key filing requirements for assessment year 2026-27, aiming to ease compliance pressures while emphasising the importance of timely verification and accuracy. The Central Board of…
A Dubai-based non-resident Indian successfully challenged a reassessment notice issued against her by the Mumbai Income Tax Appellate Tribunal, citing procedural errors and approval issues, highlighting the importance of strict adherence to tax laws. A Dubai-based non-resident Indian has won…
Despite a sharp rise in September GST collections, experts warn that recent accounting reclassifications and exclusions suggest the underlying revenue growth is weakening, raising questions about the true fiscal health. India’s GST receipts rose sharply in September, but the headline…
Businesses can now streamline GST input tax credit verification in TallyPrime through direct data import, categorised reconciliation reports, and continuous updates, ensuring accurate and compliant filings. Reconciling GSTR-2B in TallyPrime is a practical way to check whether the input tax…
India’s GST network introduces a Multi-State Registration facility, enabling businesses to initiate multiple state registrations via a single Master TRN, simplifying their expansion process without altering state-specific GST structures. India’s goods and services tax network has rolled out a new…
Bank of Baroda becomes the second state-owned bank to enter the pension fund sector, leveraging digital platforms like BHIM and UPI to accelerate pension onboarding and target millions of new subscribers amid regulatory expansion efforts. Bank of Baroda has moved…
The Lucknow bench of the GST Appellate Tribunal has quashed a Rs 63.72 lakh penalty, emphasising that procedural lapses such as delayed e-invoice generation do not necessarily indicate tax evasion, in a landmark ruling that clarifies enforcement standards. The Lucknow…
The PFRDA is deploying innovative digital tools, including comparison calculators and AI systems, to better guide and inform the majority of NPS investors who prefer default options, as the scheme’s subscriber base continues to grow rapidly. Most National Pension System…
