Government Policy & Regulations and Taxation

Key Provisions relating to Nomination under the Banking Laws (Amendment) Act, 2025 to come into effect from 1st November 2025:

Government Policy & Regulations and Taxation, Personal Finance / Leave a Comment

Key Provisions relating to Nomination under the Banking Laws (Amendment) Act, 2025 to come into effect from 1st November 2025: Effective from November 1, 2025, the Banking Laws (Amendment) Act, 2025 permits up to four nominees for bank accounts, safe custody articles, and lockers, with options for both simultaneous and successive nominations. Simultaneous nominations allow […]

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FAQ about the GST Rule 14A registration option for taxpayers with monthly output tax liability under ₹2,50,000.

Government Policy & Regulations and Taxation / Leave a Comment

FAQ about the GST Rule 14A registration option for taxpayers with monthly output tax liability under ₹2,50,000. 1. What is GST Rule 14A Registration? ✅ Rule 14A offers a simplified electronic registration process for taxpayers whose monthly output GST liability does not exceed ₹2,50,000 from supplies made to registered persons. 2. Who is eligible to

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GST Registration Just Got a Whole Lot Simpler from November 1, 2025..

Government Policy & Regulations and Taxation, Startup News / Leave a Comment

GST Registration Just Got a Whole Lot Simpler from November 1, 2025.. Yes, as of November 1, 2025, India has introduced a significantly simpler, technology-driven GST registration system, primarily offering automatic approval within three working days for a majority of applicants. This is part of the broader “GST 2.0” reform agenda aimed at enhancing ease

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AUDIT COMMITTEES FAILING TO CHALLENGE MANAGEMENT ON ASSET IMPAIRMENT, NFRA WARNS

Government Policy & Regulations and Taxation, Stock Market News / Leave a Comment

AUDIT COMMITTEES FAILING TO CHALLENGE MANAGEMENT ON ASSET IMPAIRMENT, NFRA WARNS The National Financial Reporting Authority (NFRA) has warned that some audit committees are failing in their duty to critically challenge management’s assumptions on asset impairment. Key issues raised by NFRA. Weak oversight: The report noted weak engagement between statutory auditors and audit committees, resulting

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GST Registration Gets a Boost: Auto Approval in 3 Days from Nov 1, 2025

Government Policy & Regulations and Taxation / Leave a Comment

GST Registration Gets a Boost: Auto Approval in 3 Days from Nov 1, 2025. From Nov 1, 2025, GST registration in India will get auto-approved within 3 working days for most low-risk applicants, easing compliance for MSMEs and startups. The Indian government is introducing a simplified GST registration process starting November 1, 2025, which will

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RBI Simplifies External Borrowing Rules under FEMA!

Business And Economic News, Government Policy & Regulations and Taxation / Leave a Comment

RBI Simplifies External Borrowing Rules under FEMA! 📢 Big move for corporates, NBFCs & start-ups looking to raise funds from abroad! 🗓️ Source: RBI Discussion Paper (Sept 2025) The RBI is simplifying external borrowing rules under FEMA to improve credit flow, with proposed changes including linking borrowing limits to the borrower’s net worth or a

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New Banking Change: Multiple Nominations, Clearer Succession & Stronger Governance from Nov 1, 2025

Business And Economic News, Government Policy & Regulations and Taxation, Personal Finance / Leave a Comment

New Banking Change: Multiple Nominations, Clearer Succession & Stronger Governance from Nov 1, 2025 Starting November 1, 2025, India’s banking landscape will see a major shift under the Banking Laws (Amendment) Act, 2025.. giving depositors more control, clarity, and protection over their money and nominations. Effective November 1, 2025, the Banking Laws (Amendment) Act, 2025,

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NITI AAYOG CALLS FOR DECRIMINALISING 12 TAX OFFENCES, URGES SHIFT TO TRUST-BASED TAX REGIME

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NITI AAYOG CALLS FOR DECRIMINALISING 12 TAX OFFENCES, URGES SHIFT TO TRUST-BASED TAX REGIME NITI Aayog has called for the decriminalisation of 12 tax offences and rationalisation of punishments under the new Income-tax Act, 2025, marking a major shift towards a more trust-based and transparent tax system. The government think tank on Friday released its

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Unlocking Tax Savings: Income-Tax Benefits for Individuals & HUFs

Personal Finance, Government Policy & Regulations and Taxation / Leave a Comment

Unlocking Tax Savings: Income-Tax Benefits for Individuals & HUFs Are you aware of the tax benefits available to you as an individual or a Hindu Undivided Family (HUF)? The tax system provides several reliefs to help you save money. Let’s break it down: Key Reliefs to Know Basic Exemption Limits : – General individual/HUF: ₹

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Bank Transactions That Trigger Income Tax Scrutiny

Personal Finance, Government Policy & Regulations and Taxation / Leave a Comment

Bank Transactions That Trigger Income Tax Scrutiny The Income Tax Department closely monitors bank transactions to prevent tax evasion and ensure compliance. Here are 9 common transactions that can trigger scrutiny : 1. Large Cash Deposits: Depositing ₹10 lakh or more in cash in your savings account in a financial year can lead to reporting

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