Popular Articles

New TCS Rule on Luxury Goods from April 22, 2025: What Buyers and Sellers Must Know

Rashmi 25 April 2025 at 08:24

The Central Board of Direct Taxes (CBDT) has announced a new rule on Tax Collected at Source (TCS) for luxury goods. This was first mentioned in the Budget 2024 and is now officially notified through two new announcements on April 22, 2025.

Consolidation of Customs Notifications applicable w.e.f. November 01, 2025

Bimal Jain 01 November 2025 at 10:32

The CBIC has issued Notification No. 45/2025-Customs dated October 24, 2025, consolidating 31 customs duty exemption notifications, including Notification No. 50/2017-Customs, into a single master notification effective from November 1, 2025.

Empowering MSMEs and Addressing Unauthorized Registrations

CA Pallav Singhania 10 April 2024 at 08:34

This article explores the integration of PAN in India's MSME registration, enhancing transparency and efficiency.

Prudent Use of AI in GST

Raj Jaggi 21 November 2025 at 09:51

WHEN AI SPEEDS UP, WISDOM MUST STEP UPArtificial Intelligence-often called A.I.-has had an incredible journey to become the amazing technology it is today. Its ..

Madurai Bench of Madras HC: Limitation for Appeals Starts from Rectification Order

Rajannaidu Karri 27 December 2024 at 08:55

The Hon'ble Madurai Bench of Madras High Court clarifies that limitation period for appeals begins from rectification order, not original assessment order

RBI allows remittances for all permissible purposes to IFSCs under the LRS

Affluence Advisory 20 July 2024 at 06:36

The Reserve Bank of India (RBI) has vide its Circular dated July 10, 2024 allowed remittances for all permissible purposes under the Liberalized Remittance Sche..

How Smart Tally Practices Can Save You From GST Delays and Fines?

vishal dharmadhikari 23 July 2025 at 14:04

IntroductionIn today's digital-first business world, timely and accurate GST filing is essential. Yet, many businesses still find themselves paying penalties no..

Meaning of Section 8 Company and Procedure of Formation of Section 8 Comapany

Vandana Sharma 08 July 2025 at 08:35

Learn the step-by-step procedure to incorporate a Section 8 Company in India, including required forms, documents, and conditions for not-for-profit registration.

Incentive Scheme Launched to Promote Low-Value UPI Transactions: What Small Merchants Need to Know

CA Jaydeep Babubhai Vadher 25 March 2025 at 08:27

The Government of India has announced an incentive scheme to promote low-value BHIM-UPI (Person to Merchant) transactions for the financial year 2024-25

Common Mistakes to Avoid in Food License Document Submission

Ishita Ramani 11 November 2024 at 09:01

In this article, we shall outline the everyday mistakes made at some stage during the submission of food license documents and guide how to avoid them.