Associate TG
New Capital Gains Tax Rules New Capital Gains Tax Rules The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, introduced critical updates to India’s capital gains tax regime. While the holding periods and tax rates for long-term capital gains (LTCG) and short-term capital gains (STCG) remain the same, the Finance Bill 2025 brought clarity … Read more
5 Key Tax Reforms for the Middle Class Announced in Budget 5 Key Tax Reforms for the Middle Class Announced in Budget The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman on February 1, 2025, introduced several landmark reforms aimed at easing the tax burden for the middle class. 5 Key Tax Reforms for … Read more
New GST Changes for the Hotel Industry The Goods and Services Tax (GST) landscape for the hotel and hospitality industry has undergone significant changes effective from January 1, 2025. These changes include a revised definition of “specified premises,” modifications in the Reverse Charge Mechanism (RCM), and updated guidelines for claiming Input Tax Credit (ITC). One … Read more
Revised TDS Rate Chart from 1st April 2025 Revised TDS Rate Chart from 1st April 2025 The Union Budget 2025 has introduced significant changes in TDS (Tax Deducted at Source) rates and income tax slabs, bringing much-needed relief for taxpayers. Finance Minister Nirmala Sitharaman announced tax cuts for the middle class and proposed new TDS … Read more
Depreciation in Accounting Depreciation in Accounting Depreciation is a crucial concept in accounting that directly impacts financial statements, tax calculations, and overall business management. It represents the gradual reduction in the value of fixed assets over time due to wear and tear, obsolescence, or usage. Accurately recording depreciation ensures that profits are not overstated and … Read more
