Articles by Chaitra Seetharam

Rs 25.2 Crore Bid in IPL, But How Much Does Cameron Green Earns After Taxes & Deductions?

Chaitra Seetharam 22 December 2025 at 11:24

The record Rs 25.2 crore bid for Cameron Green in the IPL 2026 mini-auction does not reflect his actual income, which is heavily cut by a "maximum fee" regulation

What the India-Russia Deal Means for the Indian Economy and Trade Tariffs?

Chaitra Seetharam 17 December 2025 at 11:20

India's deepening trade engagement with Russia and the EAEU via FTA talks, Programme 2030 and new logistics corridors boosts energy security and export diversification but also heightens exposure to U.S. tariffs and geopolitical trade risks.

Penalty for Late Filing of Income Tax Return

Chaitra Seetharam 13 December 2025 at 16:34

Missed ITR due date? Know about late filing fees, interest and consequences such as no loss set-off for FY 2024-25.

GSTR 9 Turnover Limit For FY 2024-25

Chaitra Seetharam 10 December 2025 at 11:18

Understand the turnover thresholds for GST annual return: What it covers, who must file based on turnover and when it becomes optional

Salary Rs 12.45 Lakh but with Dividend, Interest, MF its Over 12.75 Lakh: Do I Need to Pay Tax?

Chaitra Seetharam 06 December 2025 at 10:56

Understand how the enhanced "no tax up to Rs 12 lakh" rebate works under the New Tax Regime for FY 2025-26, why it applies only to income taxed at normal slab rates, and how dividends, interest, and mutual fund gains can push you beyond the Rs 12–12.75 lakh limit.

Inverted Duty Structure: How It Impacts Working Capital and Refund Delays?

Chaitra Seetharam 02 December 2025 at 11:09

Understand how the inverted duty structure (IDS) under GST leads to accumulated ITC, refund delays, and working capital blockages for businesses. Learn the refund mechanism under Rule 89(5), required documents for RFD-01, recent policy reforms, and key situations where IDS refunds are restricted or denied.

GST Litigation: Top Issues Leading to Appeals and Court Cases

Chaitra Seetharam 02 December 2025 at 10:54

GST litigation in India continues to rise due to disputes over ITC denial, misclassification, return mismatches, tax demands, refunds, e-way bill lapses, and procedural lapses by authorities. With aggressive enforcement, inconsistent state interpretations, tribunal delays, and evolving compliance issues, taxpayers increasingly seek relief through High Courts and the Supreme Court.

Is Your STCG Blocking Your Section 87A Rebate?

Chaitra Seetharam 24 November 2025 at 10:40

Understanding Section 87A can be confusing when Short-Term Capital Gains (STCG) are involved. While the rebate eliminates tax for income up to Rs 7 lakh under the new regime, STCG taxed at special rates often causes mistaken tax demands.

Taxing Together: How Joint ITRs Could Empower Middle Class

Chaitra Seetharam 17 November 2025 at 11:41

Learn about ICAI’s proposal for optional joint taxes for married couples, featuring doubled exemption limits and broader slabs.

EPFO 2025 Withdrawal Rules: Major Changes

Chaitra Seetharam 10 November 2025 at 11:05

Starting in 2025, the EPFO has simplified its withdrawal rules reducing 13 provisions to 3 categories: Essential, Housing and Special Circumstances. Members can now withdraw up to 100% of their EPF balance while retaining a minimum 25% for retirement.