Tax assistant 
Directorate of Enforcement (ED), Bhopal Zonal Office has conducted search operations in the caseof M/s Advantage Overseas Pvt. Ltd. (AOPL) under the provisions of Prevention of MoneyLaundering Act (PMLA), 2002. The search operation led to the recovery of substantial incriminatingevidences, including documents indicating the existence of multiple companies opened in the nameof employees/ Benamidars for … Read more
U.S. tariffs are hitting fertilizer shipments hard, according to The Mosaic Company, a leading producer of key crop fertilizers. The company reported that phosphate deliveries to the U.S. are “tracking well below last year” because of these tariffs. This has had a direct impact on Mosaic’s finances, leading to an $8 million loss in its … Read more
In a significant development today, Hon’ble Supreme Court of India set aside the order passed by Hon’ble High Court of Delhi granting bail on medical grounds to accused Dheeraj Wadhawan in a case involving bank fraud to the tune of Rs. 34000 crores (RC 2242022A0001 – DHFL case). During the course of hearing the matter, … Read more
The Central Bureau of Investigation (CBI) has apprehended UDC of MCD Nazafgargh Zone, New Delhi while accepting a bribe of Rs. 50,000/- from the complainant on 04.08.2025. CBI registered the case on 04.08.2025 against the said accused on allegations that the accused demanded 10% of the total amount i.e. Rs. 8,38,565/- as a bribe from … Read more
The Income Tax department in India detected over ₹30,444 crore in undisclosed income during the fiscal year 2024-25. This was the result of 465 surveys conducted by the department. This information was shared with Parliament by Minister of State for Finance Pankaj Chaudhary, who noted that such actions, including surveys and search-and-seizure operations, are taken … Read more
Navigating India’s High-Stakes Crypto Tax Landscape in 2025 Despite India’s strict tax regime, the country has emerged as a global powerhouse in cryptocurrency adoption, ranking second worldwide in Bitcoin holdings. As Bitcoin prices surge, Indian investors are re-engaging with the market, but the cost of entry has never been higher. A four-tiered tax system, combined … Read more
Navigating taxes as a freelancer, YouTuber, or influencer can feel complicated, especially with new rules for the 2024–25 financial year (AY 2025–26). The Income Tax Department is now closely tracking all digital income, from small UPI payments to major brand deals. This means it’s more important than ever to understand your tax obligations. Here are … Read more
HRA Claims for Rent Paid to Parents: A Guide to Staying Out of Trouble with the Taxman In the midst of tax season, many salaried employees look for clever ways to reduce their tax liability. A popular strategy that often comes up is claiming House Rent Allowance (HRA) for rent paid to parents. While this … Read more
The 2024 Union Budget has completely changed the tax landscape for share buybacks in India, a move that directly impacts investors’ financial strategies. Effective October 1, 2024, the tax liability for buybacks has shifted from the company to the individual shareholder. This fundamental change requires investors to reassess their portfolios and tax planning. What Has … Read more
Based on a poll of top economists, the Reserve Bank of India’s policy meeting on August 6 is highly unpredictable, with a significant split on the timing of a rate cut. Here is a summary of the key points from the provided text and recent developments: On the Rate Cut: On Policy Stance and Projections: … Read more