Articles by CA Aman Rajput

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Unclarity in the Proposed Amendment to Section 12AB in Budget 2025

  CA Aman Rajput    11 February 2025 at 08:41

Budget, 2025 proposed extending the validity of trust and institution registrations as per section 12AB from 5 years to 10 years. However, doubts are arising regarding its applicability across different categories of trusts and institutions.



RBI Cuts Repo Rate by 25 bps to 6.25%: Implications for the Economy

  CA Aman Rajput    08 February 2025 at 08:50

The Reserve Bank of India have announced a 25 basis points cut in the repo rate, bringing it down to 6.25% from 6.5%, this even resulted a fall in stock market...



What is Book Identification Number in TDS?

  CA Aman Rajput    08 February 2025 at 08:49

The Book Identification Number, also called BIN, is a unique reference number generated by the Pay & Accounts Office, District Treasury Office, or Cheque Drawing & Disbursing Officer when filing Form 24G, which is used by government deductors for depositing TDS/TCS to track Tax Deducted at Source and Tax Collected at Source payments made by government offices without the challans.



Budget 2025: Complete Analysis of Proposed Changes and Amendments

  CA Aman Rajput    03 February 2025 at 08:53

Direct Tax-Related ChangesTax Rate for Assessment Year 2026-27 and Financial Year 2025-26 IndividualsNew Regime (Revised Slabs)Income up to Rs 4,00,000 - No tax..



My Expectations from Budget 2025 in regard to Income Tax

  CA Aman Rajput    22 January 2025 at 08:46

On 1st February 2025, we expect this Union Budget 2025 will bring several amendments to the Income-tax Act, 1961, aiming to simplify provisions, reduce compliance burdens, and ensure equitable taxation.



GST registration to be cancelled retrospectively? What to reply?

  CA Aman Rajput    16 January 2025 at 08:42

The issue regarding ITC, which is claimed on invoices received from the suppliers whose GST registration was retrospectively cancelled, is an important matter that is in question in GST compliance, as indirectly it is attracting double taxation along with interest or penal consequences.



How to File Schedule FSI, Schedule TR and FA Schedules in Income Tax Return

  CA Aman Rajput    11 January 2025 at 08:35

How to file schedule FSI, schedule TR, and FA schedules in income tax returnAs we know, the income tax Returns in India require detailed reporting of income, ta..



55th GST Council Meeting: Key Points

  CA Aman Rajput    24 December 2024 at 08:55

The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, was held on 21st December 2024 in Jaisalmer, Rajasthan



Everything About Newly Introduced PAN 2.0

  CA Aman Rajput    29 November 2024 at 08:49

The government has recently launched this PAN 2.0 project as part of its broader vision of digital transformation and governance simplification as per the Digital India initiative



Revision TDS Return Online: Process and Advantages

  CA Aman Rajput    11 November 2024 at 06:44

If we talk about the frequency, the TDS return may be revised multiple times, which allows taxpayers to make corrections as and when needed. However, it is advisable to avoid excessive revisions to prevent complexities in record-keeping.