Articles by Rashmi

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CBIC's Nationwide Sweep Exposes 10,000 Alarming Cases of Fake GST Registrations

Rashmi 27 May 2023 at 09:02

The Central Board of Indirect Taxes and Customs (CBIC) has launched a special all-India drive to combat cases of fake Goods and Services Tax (GST) registration...

Posted in GST | 1 comments | 1023 Views

CBDT launches Tax Calculator for FY 2023-24

Rashmi 25 May 2023 at 09:01

The Central Board of Direct Taxes (CBDT) has introduced a new Income tax calculator for the financial year 2023-24. This calculator is designed to be user-friendly and helps individuals and businesses calculate their tax obligations more easily.

Posted in Income Tax | 1773 Views

Comprehensive Guide to Gold Purchases, Possession Limits and Taxation in India

Rashmi 24 May 2023 at 08:54

Considering the cash transaction limits under income tax laws, transactions in cash above Rs 2 lakh in a single day are not permitted. Section 269ST of the Income Tax Act, 1961, prohibits cash transactions exceeding Rs 2 lakh in a single day or in aggregate from a person.

Posted in Income Tax | 10 comments | 7830 Views

RBI Withdraws Rs 2,000 Banknotes - FAQs and Guidelines

Rashmi 20 May 2023 at 07:17

The Reserve Bank of India has announced that it will no longer circulate the Rs 2,000 currency notes.

Posted in Others | 5298 Views

15 Tips for Millennials to Navigate Finance, Investing and Retirement Planning in India

Rashmi 15 May 2023 at 08:53

Millennials are the generation born between the early 1980s and early 2000s. They are the largest generation in India, and they are facing a number of financial challenges. The cost of living is rising, student loan debt is high, and the job market is competitive.

Posted in Others | 702 Views

All-India Drive to Detect Fake GSTINs: Ensuring Compliance to Safeguard Government Revenue

Rashmi 12 May 2023 at 09:02

To combat the presence of suspicious and fake GSTINs (Goods and Services Tax Identification Numbers) in the GST eco-system, a Special All-India Drive has been launched by both Central and State Tax administrations.

Posted in GST | 8550 Views

Transforming GST Compliance: Advanced AI and Data Analytics Power Automated Return Scrutiny

Rashmi 11 May 2023 at 09:11

The Goods and Services Tax (GST) department is set to implement an advanced artificial intelligence and data analytics system to scrutinize GST returns and monitor any discrepancies.

Posted in GST | 1 comments | 1974 Views

Uncovering India's Hidden Billions: Your Guide to Reclaiming Unclaimed Deposits

Rashmi 10 May 2023 at 09:02

India has a hidden wealth of unclaimed deposits worth billions of rupees lying dormant in banks and financial institutions. Many people, due to various reasons, forget about their old bank accounts, investments, shares, and dividends, which ultimately become unclaimed deposits after 10 years of inactivity.

Posted in Others | 801 Views

Understanding the implications of EPFO's new ruling on higher EPS pension contributions

Rashmi 06 May 2023 at 08:50

The EPFO has replaced the old rule for higher EPS pension contribution, which required an additional 1.16% of salary above the wage ceiling, with a new methodology.

Posted in Corporate Law | 1 comments | 1224 Views