Articles by Poojitha Raam Vinay

65 Year NRI Turns Resident with Rs 2 Crore Fixed Deposit: Will The FD Interest Be Taxed?

14 July 2025 1223 Views

Turning 65 and returning to India? Learn how your Rs 2 crore NRE FD becomes taxable, senior citizen benefits, TDS rules and tax filing needs post-NRI status.

Retired with Rs 55 Lakh Pension & Gratuity: Which ITR Form Should You File for FY 2024-25?

Posted by Poojitha Raam Vinay

24 June 2025 955 Views

Gratuity is a lump sum monetary benefit paid by an employer to an employee as a token of appreciation for long-term service, usually at the time of retirement, resignation, or death

India vs. Pakistan: Who Pays More Income Tax?

Posted by Poojitha Raam Vinay

21 June 2025 726 Views

In regional terms, India is the largest economy in South Asia, while Pakistan ranks second but remains much smaller in scale.

Pension + FD = Rs 20 Lakh: Will a Senior Citizen Pay Tax in FY 2025-26?

Posted by Poojitha Raam Vinay

18 June 2025 40583 Views

Applicable Tax Regime Options for Senior Citizens

The Future of Big Notes in India: What is the New Limit Now?

Posted by Poojitha Raam Vinay

03 June 2025 264 Views

India's Finance Minister outlines a strategic shift towards lower denomination currency and digital transactions, aiming to modernize the economy and enhance financial inclusion.

Will Operation Sindoor Shake Up India's Finance Industry?

Posted by Poojitha Raam Vinay

19 May 2025 320 Views

After the cowardly attack on Indian citizens in Pahalgam, the government of India launched 'Operation Sindoor', on May 7, 2025, as a targeted military response. Here's an analysis of its impact on the financial sector in India.

A Comparative Study on the Old and New Tax Bill

Posted by Poojitha Raam Vinay

18 February 2025 490 Views

On 13th February 2025, Hon'ble Finance Minister Smt Nirmala Sitharaman proposed the New Tax Bill. The new bill is proposed to come into force on April 1, 2026. ...

All About Form 10BD under Income Tax Act

Posted by Poojitha Raam Vinay

29 May 2024 1074 Views

Finance Act 2021 introduced an amendment where the trusts had to file a statement of donations received in each financial year as per section 80G(5)(viii) and as per section 35(1A)(i).

ITR Verification Process

Posted by Poojitha Raam Vinay

05 March 2024 13898 Views

After the 31st July rush of filing the IT returns, the department of Income Tax has provided 120 days from filing of the return to e verify the return. The Central Board of Direct Taxes (CBDT) in the recent notification has cut down the time limit from 120 days to 30 days for ITRs filed on or after August 1st 2022.

All About GST Return

Posted by Poojitha Raam Vinay

04 September 2023 20006 Views

A GST return is a document to be filed by all registered entities containing the details pertaining to the sales, incomes, expenses, and purchases that a taxpayer must file with the tax authorities.