Union Budget 2025 – Technical Analysis

???? Union Budget 2025 – Key Taxation Insights: The Union Budget 2025 brings significant Income Tax & GST reforms, impacting individuals, businesses, and the economy. Some of the major highlights include: ???? Revision in the limits for MSMEs. ???? New Income Tax bill to be proposed in this week on the table of the House. […]

Union Budget 2024 – A Technical Analysis

Dear Friends, The Union Budget 2024 was presented on 1st February 2024. However, as elections were due in coming months, so it was more as ‘Vote an Account’. After the swearing in of the newly elected Government, recently the first full Union Budget 2024 was presented by the Hon’ble Finance Minister. Presenting the technical analysis[…..]

53rd GST Council meeting recommendations

Dear Readers, The 53rd meeting of the GST Council convened on June 22, 2024, primarily focused on addressing taxpayer concerns and providing relief measures. The following major recommendations were discussed, with implementation on issuance of notifications / circulars: ???? Section 128A: Proposal to waive interest and penalties for FY 17-18, 18-19, and 19-20 related to[…..]

LLP Amnesty Scheme

Ministry of Company Affairs vide Circular No. 08/2023 dated 23rd August, 2023 provided an amnesty scheme for delay in filing of Form 3, Form 4 and Form 11. With the shift in MCA Website from V2 to V3, many technical glitches were being faced by the stakeholders which leads to pendency of forms for filing,[…..]