Associate TG
Changes in Tax Collected at Source Changes in Tax Collected at Source Starting April 1, significant changes in Tax Collected at Source (TCS) rules for foreign remittances will take effect, impacting individuals who travel abroad, remit funds for education, or invest overseas. These changes aim to provide relief in certain categories while imposing stricter controls … Read more
Income Tax Department Sends Notices Income Tax Department Sends Notices In a major crackdown on tax evasion, the Income Tax (I-T) Department has issued notices to approximately 300 private equity (PE) firms and company promoters. These notices pertain to alleged non-payment or underpayment of capital gains tax, totaling an estimated Rs 4,200 crore. This action … Read more
UPI Rule Change UPI Rule Change Starting April 1, 2025, the National Payments Corporation of India (NPCI) will implement new guidelines to enhance the security and transparency of UPI transactions. These changes are crucial for ensuring safer digital payments and preventing transaction errors. UPI Rule Change Here’s everything you need to know about the upcoming … Read more
ISD Mandatory for Input Tax Credit ISD Mandatory for Input Tax Credit Starting April 1, 2025, businesses with multiple GST registrations under the same PAN must adopt the Input Service Distributor (ISD) mechanism to distribute common input tax credits (ITC). Non-compliance with this rule may lead to ITC denial and a minimum penalty of Rs … Read more
TDS Rule Changes from April 1 2025 TDS Rule Changes from April 1 2025 The Union Budget 2025 has introduced significant changes to Tax Deducted at Source (TDS) rules, aimed at reducing the tax burden and improving cash flow for senior citizens, investors, and commission earners. These amendments will take effect from April 1, 2025, … Read more
