The Institute of Chartered Accountants of India has launched SSA 5000, a new standard designed to harmonise Indian sustainability reporting with international norms, aiming to boost credibility and stakeholder confidence from April 2027. The Institute of Chartered Accountants of India…
India’s pension regulator has formalised the NPS Swasthya scheme, allowing subscribers to combine retirement savings with mandatory health coverage, including partial withdrawal options for medical expenses. India’s pension regulator has moved the NPS Swasthya scheme from concept to formal rules,…
As instant loan apps proliferate, borrowers are urged to verify lender legitimacy, scrutinise full costs, and carefully examine app permissions to avoid scams and hidden charges under new Indian regulations. Instant loan apps can look like a lifeline when money…
With the September 30 deadline approaching, businesses and trusts must navigate strict audit requirements, form specifications, and compliance procedures to avoid penalties, amid ongoing changes in tax reporting protocols. The September 30 tax audit deadline is still in force, with…
The Indian government has approved an increase in the wage threshold for Employees’ Provident Fund coverage from Rs 15,000 to Rs 25,000, expanding social protection to over 51 lakh additional workers and prompting potential adjustments in employer compensation strategies. The…
India’s pension regulator is intensifying efforts to promote the NPS Vatsalya scheme for minors, crossing 490,000 accounts. Recent revisions have further increased contributions and investment flexibility, aiming to boost long-term child savings amid new rules and awareness drives. India’s pension…
While Video KYC offers convenience for online bank account activation, ensuring clear documentation and stable connection is essential to prevent rejection and streamline the process. Opening a bank account online is usually faster than visiting a branch, but the final…
Seafarers working on foreign-flag vessels must understand that absence of tax deducted at source does not exempt them from Indian tax obligations. Their residency status, documentation, and careful record-keeping are crucial in determining tax liability under Indian law. For seafarers…
India’s decision to increase the mandatory wage ceiling for the Employees’ Provident Fund Organisation from Rs 15,000 to Rs 25,000 aims to expand social security benefits for 51 lakh workers, but will also result in smaller monthly take-home pay for…
As automatic tax deductions rise among India’s gig workers, platforms and innovative tools are making tax return filing a key part of financial management, enhancing formalisation and income recovery. For many gig workers in India, filing an income tax return…
Third-party UPI applications in India warn that a new merchant discount rate structure, enacted after the ban on platform fees, may cut into their margins, as they receive a smaller share of transaction fees on bill payments. Third-party UPI apps…
Recent high court decisions across India challenge insurers’ ability to deny claims solely based on allegations of fake driving licences, reinforcing the principle that compensation should not be automatically withdrawn without concrete evidence. India’s courts are sending a clearer message…
