US President Donald Trump recently announced that the U.S. and India are continuing trade negotiations to address existing barriers. This marks a shift in tone after a period of strained relations. Here’s a breakdown of the key developments: Trade Negotiations and Shifting Tones On Wednesday, September 10, President Trump stated on Truth Social that he … Read more
China’s Economy Grapples with Deflation China’s economy is facing a significant challenge: persistent deflation. For the first time in three months, the consumer price index (CPI) has fallen, slipping 0.4% from a year ago. This dip below zero is a clear signal of weakening demand within the world’s second-largest economy. This marks the third consecutive … Read more
Indian Prime Minister Narendra Modi and US President Donald Trump recently had a public exchange on social media, emphasizing their commitment to strengthening the India-US relationship. The conversation began with President Trump’s post on Truth Social, where he announced that the US and India were continuing negotiations to address trade barriers. He expressed confidence that … Read more
ITR Filing: A Guide to Reporting Your Sovereign Gold Bonds (SGBs) The tax treatment of Sovereign Gold Bonds (SGBs) depends entirely on how you exit your investment. As the ITR filing deadline approaches, here’s what you need to know about declaring SGB redemptions and sales. If You Redeemed Your SGBs with the RBI If you … Read more
केंद्रीय अन्वेषण ब्यूरो (सीबीआई) ने ₹183 करोड़ के फर्जी बैंक गारंटी घोटाले में इंदौर स्थित एक निजी कंपनी के प्रबंध निदेशक और एक निजी व्यक्ति को गिरफ्तार किया है। मध्य प्रदेश उच्च न्यायालय के निर्देशों के बाद सीबीआई ने तीन अलग-अलग मामले दर्ज किए। ये मामले इंदौर स्थित एक कंपनी द्वारा मध्य प्रदेश जल निगम … Read more
Patna Junction Passengers Question GST on Parking Passengers at Patna Junction are voicing frustration over the continued levy of GST on vehicle parking charges, even after the central government announced recent tax reforms. The issue is creating tension, with travelers arguing that parking should be a basic, tax-free facility. Here’s a breakdown of the key … Read more
Businesses can deduct payments to family members as a business expense if they meet the criteria of Section 40A(2) of the Income Tax Act. To avoid disallowance during tax assessment, these payments must be legitimate, properly documented, and at fair market value (FMV). Key Requirements for Tax Deductibility ⚖️ To prove that a payment to … Read more
Why Taxpayers are Pushing for an ITR Filing Deadline Extension With the September 15, 2025, deadline for filing Income Tax Returns (ITR) for non-audit cases fast approaching, there’s a strong and widespread demand for an extension. This is despite the fact that the original July 31 deadline was already extended. The push for more time … Read more
ITR Update: TDS/TCS Correction Window Slashed to 2 Years. What Does This Mean For You? The Income Tax Department has issued a crucial advisory: the window for correcting TDS and TCS statements has been drastically reduced from six years to just two. This change is a direct result of the upcoming Income Tax Act, 2025, … Read more
Income Tax Return (ITR) filing for the Assessment Year (AY) 2025-26 is quickly approaching, with the deadline set for September 15. To avoid complications and last-minute stress, taxpayers need to ensure they file the correct ITR form. Choosing the Right Form is Crucial The Income Tax Department has different forms for different types of taxpayers … Read more
