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Articles by Rashmi

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Your UPI, Your GST Trap? Dept Uses Transaction Data for Compliance!

Posted by Rashmi 22 July 2025 199 Views

The Karnataka State GST Department has clarified that GST registration is mandatory for all traders whose aggregate turnover exceeds the threshold limit, irrespective of the mode of payment - UPI, cash, bank transfer or others.



RBI Cuts Repo Rate by 50 Basis Points: What It Means for Home Loan Borrowers and FD Investors

Posted by Rashmi 07 June 2025 287 Views

In a surprise move, the Reserve Bank of India (RBI) has reduced the repo rate by 50 basis points (bps), bringing it down to 5.50%.



Quit Your Job Before the Bond Period? You Could Pay the Price!

Posted by Rashmi 30 May 2025 363 Views

SC Ruling Makes It Clear: Minimum Tenure Clauses in Employment Bonds Are Now Legally Enforceable



Are You Financially Compatible with Your Spouse?

Posted by Rashmi 29 May 2025 107 Views

For Indian professionals juggling careers, EMIs, responsibilities to parents and investments in children's futures - financial compatibility with a spouse is not a luxury; it's a necessity.



Think Wedding Gifts Are Tax-Free? Parents, That Shagun May Be Taxable!

Posted by Rashmi 27 May 2025 745 Views

Think All Wedding Gifts Are Tax-Free? Think Again! Parents, You May Have to Pay Tax on That Shagun



Big Win for Taxpayers: 4-Year Window for ITR-U Filing Starts April 2025

Posted by Rashmi 22 May 2025 675 Views

The Central Board of Direct Taxes (CBDT) has amended the rules for filing ITR-U (Updated Return), as announced in Budget 2025.



Owning Multiple Floors in a Building: Does It Disqualify You From LTCG Exemption Under Section 54F?

Posted by Rashmi 21 May 2025 1405 Views

The Delhi High Court has recently clarified a long-debated issue in tax law - does owning multiple floors in the same residential building mean you own more than one residential property?



CBDT Notifies Revised ITR-7 Form for AY 2025-26: Key Changes and Compliance

Posted by Rashmi 13 May 2025 408 Views

The Central Board of Direct Taxes (CBDT) has notified the revised Income Tax Return Form ITR-7 via Notification No. 46/2025 dated May 9, 2025, applicable from Assessment Year 2025-26 (FY 2024-25).



CBDT's New ITR-6 Form: What Companies Need to Know

Posted by Rashmi 08 May 2025 281 Views

The Central Board of Direct Taxes (CBDT) has recently announced an important update for companies filing their tax returns. The government has introduced a new ITR-6 form that companies will use for the 2025-26 Assessment Year.



CBDT Notifies ITR-2 for FY 2024-25: Key Changes and Implications for Taxpayers

Posted by Rashmi 07 May 2025 1431 Views

CBDT has notified ITR-2 for FY 2024-25. Explore key changes, new disclosures, and implications for salaried individuals, HNIs, and NRIs filing income tax returns.




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