US Remittance Tax: A Hefty New Bill for NRIs Sending Money Home to India New Delhi, India – Sending money home to India could soon become significantly more expensive for Non-Resident Indians (NRIs) in the United States. A proposed 3.5% remittance tax, already passed by the US House of Representatives on May 22, 2025, looms … Read more
It’s ITR filing season again! For the Financial Year 2024-25 (Assessment Year 2025-26), the deadline for individuals not requiring an audit has been extended to September 15, 2025. While many need to file, some taxpayers can skip the process. Here’s a breakdown of who can breathe a sigh of relief and who definitely needs to … Read more
As a salaried taxpayer, getting your finances in order for the upcoming tax season is crucial. The good news is that Digital Form 16 is here to simplify the process for the Financial Year 2024–25 (Assessment Year 2025–26). This electronic tax certificate from your employer is your key to a smoother Income Tax Return (ITR) … Read more
Elon Musk, the billionaire entrepreneur, recently expressed regret over some of his social media posts targeting President Donald Trump, admitting they “went too far.” This unusual apology, shared on his platform X on June 11, marks a new development in their ongoing public dispute. The feud intensified recently with the two publicly clashing online, exchanging … Read more
CBI Busts Transnational Cybercrime Racket; Recovers Crypto currencies worth Rs. 2.8 Crore; One accused arrested The Central Bureau of Investigation (CBI), as part of its sustained operation against cybercrime under ‘Chakra-V’, conducted searches at three locations. The case was registered on the basis of credible information regarding a cybercrime syndicate operating from India, targeting unsuspecting … Read more
ITR Filing 2025: Can You Switch Your Tax Regime? Here’s What You Need to Know Tax season is in full swing, and with over 12 lakh Income Tax Returns (ITRs) already filed, many salaried individuals are eagerly awaiting their Form 16s to finalize their taxes. A common question on everyone’s mind is: “Can I change … Read more
Finance Minister Nirmala Sitharaman recently chaired the 29th Financial Stability and Development Council (FSDC) meeting, pushing for significant reforms to benefit citizens and strengthen India’s financial sector. Swift Refunds and Streamlined KYC for Citizens A key focus of the meeting was ensuring that unclaimed financial assets, like dormant bank deposits and forgotten insurance or pension … Read more
Board of Studies (Academic)The Institute of Chartered Accountants of India ANNOUNCEMENTSuccess at CA Exam BoS Series I & Series IISeries I starting from 28th July 2025 & Series II from 12th August 2025 forCA Intermediate students appearing in September 2025 ExaminationsBoard of Studies (Academic) is fully committed to being your guiding light on your path … Read more
Board of Studies (Academic)The Institute of Chartered Accountants of India ANNOUNCEMENTMock Test Papers Series – I & Series II for students appearing inCA Intermediate for September 2025 ExaminationsThe Board of Studies (Academic) is commencing Mock Test Papers Series – I from 21stJuly, 2025 & Mock Test Papers Series – II from 4th August, 2025 for … Read more
Directorate of Enforcement (ED), Delhi Zonal Office has filed Supplementary Prosecution Complaint(SPC) against accused namely Harsatinder Pal Singh Hayer and others before the Hon’ble Special Court(PMLA), New Delhi on 17.05.2025 under the provisions of the Prevention of Money Laundering Act (PMLA),2002, in connection with an ongoing investigation against M/s PACL, their Directors and others. The … Read more
