Associate TG
GST Council May Slash Rates to Boost Consumption In a significant move to boost consumption and simplify the tax structure, the GST Council is reportedly considering slashing rates and scrapping the 12% tax slab altogether. This proposal is part of an effort to simplify the Goods and Services Tax (GST) structure, making it easier for … Read more
New vs. Old Regime Slabs & Tax Calculator for FY25 & FY26 Income Tax Bill 2025: New vs. Old Regime Slabs & Tax Calculator for FY25 & FY26 New vs. Old Regime Slabs & Tax Calculator for FY25 & FY26 The Income Tax Bill 2025 has been introduced in Parliament with the objective of simplifying … Read more
New Income Tax Bill New Income Tax Bill Finance Minister Nirmala Sitharaman introduced the New Income Tax Bill, 2025 in the Lok Sabha on February 13, aiming to simplify the existing Income Tax Act, 1961. If passed, the new law will come into effect from April 1, 2026. One of the key reforms proposed in … Read more
Introduction of Form ENR-03 for Enrolment Introduction of Form ENR-03 for Enrolment The e-Way Bill (EWB) system has introduced a significant update, allowing unregistered dealers to generate e-Way Bills for transporting goods. This enhancement comes into effect from February 11, 2025, as per Notification No. 12/2024 dated July 10, 2024. The introduction of Form ENR-03 … Read more
Property and Co-Owned Property Will Be Taxed Property and Co-Owned Property Will Be Taxed The Income Tax Bill 2025, recently introduced in the Lok Sabha by Union Finance Minister Nirmala Sitharaman, aims to simplify and streamline taxation laws. Spanning 620 pages, the bill is nearly 50% shorter than the existing Income Tax Act. Among the … Read more
