Government Policy & Regulations and Taxation

Government Introduces Key Changes to Capital Gains Accounts Scheme

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JGovernment Introduces Key Changes to Capital Gains Accounts Scheme: The government has modernized the Capital Gains Accounts Scheme (CGAS) by introducing digital payments, enabling online account closure, and expanding the list of authorized banks. The changes, effective from November 19, 2025, aim to simplify the process for taxpayers who use the scheme to temporarily park their […]

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Urgent GSTN Alert: GST Number Suspension Looms if Bank Details Not Submitted.

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Urgent GSTN Alert: GST Number Suspension Looms if Bank Details Not Submitted. Recent advisories from the Goods and Services Tax Network (GSTN) confirm that GST registration will be suspended for taxpayers who fail to furnish their bank account details within the stipulated time frame as per Rule 10A of the CGST Rules, 2017. Mandatory Requirements

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TRAI Mandates ‘1600’ Number Series for Financial and Banking Calls: Deadlines Set to Curb Fraudulent Impersonation

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TRAI Mandates ‘1600’ Number Series for Banking and Financial Calls: Deadlines Set to Curb Fraudulent Impersonation” The Telecom Regulatory Authority of India (TRAI) has mandated that financial institutions, including banks, NBFCs, mutual funds, and pension funds, transition to the “1600” number series for all service and transactional calls by early 2026. The move is designed

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Companies Amendment Bill 2025: A Game-Changer for Indian Businesses!

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Companies Amendment Bill 2025: A Game-Changer for Indian Businesses! The Companies Amendment Bill 2025 (yet to be formally introduced in Parliament) is a proposed legislative package by India’s Ministry of Corporate Affairs (MCA) aimed at significantly enhancing the ease of doing business. It is also proposed further decriminalization of minor corporate offences, and improving the

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India’s Historic Labour Reform: Four New Labour Codes Take Effect from 21 Nov 2025 : What It Means for Workers & Employers

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India’s Historic Labour Reform: Four New Labour Codes Take Effect from 21 Nov 2025 : What It Means for Workers & Employers India’s four new Labour Codes have taken effect from November 21, 2025, consolidating 29 existing laws to provide universal minimum wages, expanded social security, enhanced safety standards, and simplified compliance for employers. The

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Taxation of AI Services – Royalty, FTS, or Business Income?

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Taxation of AI Services – Royalty, FTS, or Business Income? The taxation of AI services is a complex area, and the income can be characterized as Royalty, Fees for Technical Services (FTS), or Business Income depending on the specific nature of the service, the contract terms, and whether a relevant Double Taxation Avoidance Agreement (DTAA)

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TDS on Cash Withdrawal New Limit u/s 194N | How Much Tax is Deducted on Cash Withdrawal?

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TDS on Cash Withdrawal New Limit u/s 194N | How Much Tax is Deducted on Cash Withdrawal? Cash transactions continue to be closely monitored by the Indian government, and Section 194N of the Income Tax Act plays a major role in regulating high-value cash withdrawals. If you withdraw large sums of money from a bank,

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Most people claim deductions for political donations under Section 80GGC but very few know how it actually works

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Most people claim deductions for political donations under Section 80GGC but very few know how it actually works. One wrong step, and you could receive an income tax notice, just like many others already have. ➡️ Section 80GGC allows individuals (other than companies) to claim a deduction for donations made to a registered political party

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India Inc Embraces Real-Time Audits: How Technology Is Transforming Fraud Detection, Compliance, and Corporate Governance

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India Inc Embraces Real-Time Audits: How Technology Is Transforming Fraud Detection, Compliance, and Corporate Governance India Inc Shifts Into a New Era of Real-Time Auditing. Indian corporations are undergoing a fundamental shift in the way internal audits are conducted. Traditional sample-based checks—often retrospective, manual, and limited in scope—are rapidly giving way to real-time, technology-enabled audit

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NITI Aayog Announces 17 Major MSME Reforms: Big Boost for Credit Access, Compliance Ease & Small Business Growth in India

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NITI Aayog’s 17 Reforms to Boost MSMEs: A Game-Changer for Small Businesses! A high-level committee led by NITI Aayog member Rajiv Gauba has proposed a comprehensive package of at least 17 reforms aimed at easing the regulatory and financial burden on Micro, Small, and Medium Enterprises (MSMEs). The recommendations are being reviewed by government ministries

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