# eco
12 posts in `eco` tag
Understanding the Supreme Court’s Review of CGST Act Section 168A
The Supreme Court is reviewing the legality of CGST Act Section 168A, which allows deadline extensions for tax compliance. This blog delves into the implications for taxpayers, the legal challenges, and potential outcomes of this significant case.
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By Krishna
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Old vs. New Tax Regime: Which Option Suits You Best for FY 2025-26?
The Indian tax system offers two regimes—old and new—each with distinct slab rates, deductions, and exemptions. This blog compares both regimes, using examples to help you decide which one suits you best for FY 2025-26. Learn how to minimize your tax liability based on your income and investments.
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By Krishna
Due Date Calendar for February 2025: Key Tax & Compliance Deadlines
There are several tax filing and compliance dates in February 2025 that businesses, professionals, and individuals must meet. There could be fines, interest, and legal repercussions for missing deadlines. To help taxpayers stay in compliance with regulatory requirements, this blog offers a thorough due date calendar that covers GST, TDS, PF, ESI, MSME, and ROC filings.
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By Krishna
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Finance Bill 2025 An explanation of the main points and tax reforms
Key tax and financial reforms that affect people, companies, and the economy are included in the Finance Bill 2025, which was issued together with the Union Budget. It provides clarification on crypto taxation, simplified GST, lowered corporate taxes, and updated income tax slabs.
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By Krishna
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New Tax Slabs in Budget 2025: Comprehensive Overview and Analysis
The most significant adjustment to income tax slabs brought about by the Union Budget 2025 was the exemption of income up to ₹12 lakhs from taxes. Additional changes include a higher standard deduction of ₹75,000 and lower tax rates for those making between ₹8 lakhs and ₹24 lakhs. The goals of these measures are to streamline the tax filing process, promote savings and investments, and give middle-class taxpayers financial relief. The new tax system and its effects on people and the economy as a whole are covered in this blog.
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By Krishna
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Union Budget 2025–2026: Key Highlights, Expectations, and Economic Impact
The Union Budget 2025–2026, to be presented by Finance Minister Nirmala Sitharaman on February 1, 2025, is expected to set the financial roadmap for the coming fiscal year. Key areas of focus include changes in taxation, infrastructure development, digital economy growth, and social welfare programs. With rising expectations from businesses and taxpayers, this budget will play a crucial role in shaping India’s economic future. Stay tuned for key announcements and live updates on Budget Day.
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By Krishna
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GST Relief for Hospitality Sector: Budget 2025 Key Expectations
In anticipation of important changes including infrastructure status, GST rationalization, digital single-window clearance, talent development programs, and sustainability incentives, the Indian hotel industry is looking forward to Budget 2025. These adjustments have the potential to greatly increase industry expansion, improve worldwide competitiveness, and assist small and medium-sized businesses (SMEs). Explore the main expectations for the next budget by reading on.
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By Krishna
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Big Relief for Taxpayers: CBIC Waives Late Fees for GSTR-9C Filing
Late costs for GSTR-9C files that were postponed from FY 2017–18 to FY 2022–23 have been forgiven by the Central Board of Indirect Taxes and Customs (CBIC). The 55th meeting of the GST Council accepted this plan, which permits taxpayers to file outstanding taxes by March 31, 2025, without incurring penalties. Businesses gain from the waiver because it promotes compliance, lessens financial strains, and streamlines the GST system. Discover its significance, qualifying requirements, and detailed application procedure in this extensive blog.
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By Krishna
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Presumptive Taxation for Non-Resident Cruise Ship Operators
The CBDT has published Notification No. 9/2025, which prescribes criteria for non-resident cruise ship operators under the presumptive taxation scheme established by the Finance (No. 2) Act of 2024. This announcement details the qualifying criteria, journey conditions, and vessel characteristics for taking advantage of the regime. Its goal is to streamline compliance, improve India's cruise tourist industry, and harmonize tax rules with international norms.
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By Krishna
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RBI’s New Guidelines for NBFCs: Key Changes and Impacts
To improve financial stability and reduce systemic risks, the Reserve Bank of India (RBI) has issued new regulatory rules for non-banking financial firms (NBFCs). The categorization of NBFCs, the scale-based regulatory approach, governance enhancements, and the sector's operational ramifications are all covered in detail in this blog.
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By Krishna
Tax Reforms for Equity: Simplifying TDS and Enhancing Income Exemption
Middle-class taxpayers may benefit greatly from the plan to streamline the TDS structure and raise the income tax exemption level to Rs 5.7 lakh. These adjustments seek to promote justice and economic growth by bringing taxing rules into line with inflation trends and removing obstacles to TDS compliance. The present situation, difficulties, and possible effects of these reforms are examined in this blog.
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By Krishna
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Understanding Cash Transaction Limits in India 2025: Key Rules and Penalties
The Income Tax Department of India has imposed severe cash transaction limitations for 2025 in order to combat black money, promote digital payments, and increase financial transparency. The Section 269ST limits cash revenues to ₹2 lakh, business costs to ₹10,000, and restricts contributions, real estate transactions, and loan repayments. Violations result in severe fines. Learn how to maintain compliance, avoid penalties, and contribute to a transparent financial system.
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By Krishna