Articles by Sahil Jaiswal

avatarView Full Profile

Boosting the Middle Class: How Budget 2025 Affects Your Finances

  Sahil Jaiswal    13 February 2025 at 11:33

The Union Budget 2025 introduces significant measures aimed at bolstering India's middle class, directly impacting your personal finances.



Union Budget 2025 Expectations: Economic and Tax Trends

  Sahil Jaiswal    16 January 2025 at 10:40

As the Union Budget 2025 approaches, several key expectations have emerged across various sectors



Will D Gukesh's Rs 11.45 Crore Chess Prize Escape Taxation u/s 10(17A)?

  Sahil Jaiswal    26 December 2024 at 11:22

D. Gukesh’s ₹11.45 crore chess prize falls under the scrutiny of Indian tax laws, particularly concerning Section 10(17A) of the Income Tax Act. Here's a deeper breakdown of the context



IT Department May Impose Rs 10 Lakh Penalty For Non Disclosure of Foreign Income

  Sahil Jaiswal    26 November 2024 at 10:47

The Indian government has taken a strong stance against non-disclosure of foreign income and assets, especially with the implementation of stringent provisions under the Income Tax Act and international agreements such as FATCA



Benefits of Buying a Flat in Your Wife's Name

  Sahil Jaiswal    05 November 2024 at 14:27

Buying a flat in your wife's name can offer various tax benefits and other financial advantages, especially in countries like India, where tax laws provide incentives for female property ownership. Here are the key benefits and things to consider.



GST Raid Checklist: How GST Raids Impact Businesses?

  Sahil Jaiswal    02 November 2024 at 10:33

A GST (Goods and Services Tax) raid is a critical enforcement action taken by tax authorities when they suspect tax evasion, non-compliance, or fraudulent activity related to GST.



Claiming Income Tax Refunds: CBDT's New Rules from October 2024

  Sahil Jaiswal    14 October 2024 at 11:35

Starting October 2024, the Central Board of Direct Taxes (CBDT) introduced new guidelines to streamline the process for taxpayers seeking income tax refunds or carrying forward losses, especially in cases where they missed the original filing deadlines.



Supreme Court Ruling on Reassessment Notices: 90,000 Taxpayers Affected by SC Verdict

  Sahil Jaiswal    07 October 2024 at 10:45

The recent Supreme Court ruling on tax reassessment notices has significant consequences for around 90,000 taxpayers. The verdict upholds the validity of reasse..



Tax Audit Due Date Extended: Boon for Taxpayers or an Unneeded Measure?

  Sahil Jaiswal    03 October 2024 at 10:30

The extension of tax audit due dates often sparks debate between taxpayers and authorities. Whether it’s seen as a boon or an unnecessary measure largely depends on the perspective and context surrounding the decision.



Income Tax Department's Eye on High-Value Credit Card Transactions

  Sahil Jaiswal    27 September 2024 at 10:40

The Income Tax Department of India has been increasingly monitoring high-value credit card transactions as part of its efforts to curb tax evasion and ensure better tax compliance.