Tax assistant 
How STT is Fueling India’s Options Trading Boom Nithin Kamath, co-founder of Zerodha, argues that India’s Securities Transaction Tax (STT) is the primary reason behind the massive surge in options trading. In a recent post, he stated that the tax is distorting the market by making options trading significantly cheaper than trading in the cash … Read more
The legal window for issuing Goods and Services Tax (GST) Show Cause Notices (SCNs) for Financial Years 2017-18 and 2018-19 is now completely closed. Taxpayers, CAs, and business owners can now consider these liabilities legally time-barred, with no new notices possible from the tax department. Summary of Final GST SCN Deadlines The deadlines for issuing … Read more
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA[Set up by an Act of Parliament]NOTIFICATIONNew Delhi, the 21st May, 2025(Chartered Accountants)F. No. 13-CA (EXAM)/ISA/JULY/2025.— In pursuance of Regulation 204 of the Chartered AccountantsRegulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the nextInformation Systems Audit (ISA) Course Assessment Test … Read more
Trump’s Tariffs Rattle India, PM Modi Vows to Protect Farmers US President Donald Trump has escalated trade tensions by doubling tariffs on India, a move that has sent shockwaves through global markets. The new tariffs, which bring the total levy on many Indian goods to 50%, are in response to India’s continued purchase of Russian … Read more
Based on the provided article and my research on the latest tax rules for the financial year 2024-25 (Assessment Year 2025-26), here is a rewritten post about claiming HRA by paying rent to your parents. Claiming HRA by Paying Rent to Your Parents? Do It Right to Avoid an Income Tax Notice Claiming House Rent … Read more
In a significant blow to Indian exporters, U.S. President Donald Trump has imposed a new 25% tariff on Indian goods, bringing the total duty on many products to 50%. This measure, a penalty for India’s continued purchase of Russian oil, is expected to severely impact several key sectors of India’s economy. The first 25% tariff … Read more
An extensive overhaul of India’s tax system is on the horizon with the introduction of the Income Tax Bill 2025, which was first presented to the Lok Sabha on February 13, 2025. The government’s goal is to modernize tax administration by simplifying laws, reducing litigation, and making compliance easier for everyone. Key Changes and Simplifications … Read more
Disclaimer: This information is for general guidance only. Consult a financial advisor for personalized advice and refer to the specific policy documents and the Income Tax Act, 1961, for complete details on tax benefits. The Old Tax Regime may not be the optimal choice for everyone. Secure Your Family’s Future and Reduce Your Taxes: A … Read more
Donald Trump stated that he was not aware that the U.S. imports uranium and fertilizers from Russia when questioned by an Indian reporter. This exchange took place as trade tensions between the two countries escalated. Escalating Trade Dispute The question came during a period of heightened friction between the U.S. and India. Trump recently imposed … Read more
On August 6, 2025, the Reserve Bank of India (RBI) announced it would keep the repo rate unchanged at 5.5%. This decision, made after the latest Monetary Policy Meeting, holds significant implications for borrowers and investors. For Home Loan Borrowers The news is a relief for both existing and prospective homebuyers. For Investors The RBI’s … Read more