The Delhi High Court has clarified that advocates serving as insolvency professionals are required to obtain separate GST registration, delineating their legal and insolvency roles with distinct tax treatments. The Delhi High Court has held that advocates who also act…
India Post has expanded access to Rural Postal Life Insurance by allowing savings account holders at scheduled banks to qualify, simplifying the scheme for rural residents with mobility or banking challenges, as announced by Union Minister Pemmasani Chandrashekhar. India Post…
While gifts from parents to married daughters remain tax-exempt, income earned from those assets may now be subject to taxation under India’s updated gift tax regulations, prompting families to keep detailed records for compliance. For many Indian families, it is…
India has launched a one-time compliance window allowing small taxpayers to disclose undisclosed foreign assets with reduced penalties, aiming to regularise past omissions and bolster international data-sharing efforts. India has opened a one-time compliance window for taxpayers with undisclosed foreign…
After submitting their returns, taxpayers must navigate verification and processing procedures that can delay refunds and trigger corrections, with recent changes under the Finance Act 2024 adding complexity to the tax compliance process. Filing an income tax return is only…
The Central Bank of India remains competitive in its fixed deposit offerings, with attractive rates for short-term and medium-term investors, amid a stable monetary policy environment and cautious rate outlook for savers. Central Bank of India is offering fixed deposit…
India’s Post Office Time Deposit scheme presents a reliable, government-backed fixed-income option, with interest rates rising up to 7.5% for five-year deposits, appealing to risk-averse savers seeking certainty amid fluctuating market conditions. India’s Post Office Time Deposit scheme is being…
India’s FAST-DS scheme, opening on August 16, 2026, provides a simplified yet potentially costly route for taxpayers to disclose foreign assets, with complex maths determining the final payment, aiming to encourage voluntary compliance. The arithmetic behind India’s new Foreign Assets…
The Employees’ Provident Fund Organisation has issued a reminder for employers to file the Electronic Challan-cum-Return and deposit July’s provident fund dues by August 15, emphasising the importance of timely compliance to avoid penalties and ensure employee savings are credited…
Small finance banks like Jana and Suryoday are offering senior citizens fixed deposit returns above 8%, disrupting the traditional dominance of larger private and state-owned banks in senior savings strategies. Small finance banks are still leading the pack for senior…
India’s retirement savings system undergoes a major update, introducing faster digital claim processes, adjusted contribution rules, and expanded coverage potential under the new EPFO Scheme 2026, aiming to benefit millions of workers. India’s retirement savings system has been given one…
The Reserve Bank of India has attracted over $56.84 billion through its concessional swap facility, boosting foreign exchange reserves to their highest level in recent weeks amidst ongoing global economic uncertainties. The Reserve Bank of India has attracted $56.84 billion…
