The Income Tax Bill 2025 has been introduced in the Lok Sabha by Finance Minister Nirmala Sitharaman. One of the key changes introduced in the New Income Tax Bill, 2025, pertains to the concept of the ‘tax year’. The Bill…
The finance minister Nirmala Sitharaman has made changes in the income tax slabs under the new tax regime in Union Budget 2025. The new income tax slabs under the new tax regime will come into effect from April 1, 2025…
What is an Escrow? An Escrow is a legal concept describing a financial arrangement for a third party to hold the assets of a transaction temporarily. Escrow refers to a financial agreement where a neutral third party holds assets or funds before they…
The central government has launched the PAN 2.0 project, revising the country’s current permanent account number (PAN) system. This project aims to streamline and modernise the process of issuing and managing PAN and TAN, making it more user-friendly and efficient.…
MGT-7 /7A is an e-Form for filing annual return by a company. It is mandatory for every company registered under the Companies Act, 2013 to file their Annual Return (Form MGT-7/7A) with the Registrar of Companies (ROC) within the due date…
Union Finance Minister Nirmala Sitharaman presented the Union Budget the one for the forthcoming financial year (2024-25). The budget lays out the government’s spending plans for the first half of the upcoming fiscal year. Here are the key highlights of Tax Reforms…
Recently, the Bihar government has launched the Bihar Laghu Udyami Yojana 2024 to provide financial assistance of ₹2 lakh to poor families to create self-employment opportunities. Applicants will be selected through the computer lottery system. This scheme will prove effective in making…
Ministry of Corporate Affairs (MCA) vide notification dated 27th October 2023 has made dematerialisation of securities mandatory for private companies expect small companies and issue of dematerialised shares against share warrants by all public companies. The amendment is applicable to…
What is angel tax for startups ? Angel Tax is a term basically used to refer to the income tax payable on the capital raised by unlisted companies via the issue of shares through off-market transactions. To operate an early-stage…
The Startup India campaign aims to promote bank financing, simplifying the process of incorporation of the startups and grant Startup tax exemption and incentives to startups. The tax exemptions and benefits are available to startups only if they fulfill the…