The government of India has made some important reforms in the 2025 budget for the middle class. However, there is not much relief for cryptocurrency investors. Despite the hope, the government has still kept the huge 30% tax rate on crypto income with 1% TDS on transactions. Key Changes introduced for Crypto Traders in Budget … Read more
Finance Minister Nirmala Sitharaman, in Income Tax Slab 2025, announced major tax relief for taxpayers. It has good news for all of us. Let’s understand all about Latest income tax slabs announced this year. What’s good news and New Income Tax Regime for Assessment Year (AY) 2025-26 Under the, New Income Tax Regime for Assessment … Read more
India’s Finance Minister, Nirmala Sitharaman, presented the 2025-26 Union Budget on February 1. There have been several important reforms impacting all of us. Let’s read reforms introduced in Budget 2025 and their impact through this article. Impact of Latest Reforms Introduced under Budget 2025 More income for salaried persons and Less Taxes The government has introduced … Read more
The IRS is soon stepping into cryptocurrency and DeFi with new rules and regulations. While the new taxation rules aim to bring transparency to crypto transactions, this rule would impact or even defeat the purpose of DeFi systems. Let’s understand why. What is DeFi? DeFi, or decentralized finance is a new way of conducting financial … Read more
The GST Council recently held its 55th meeting in Jaisalmer, Rajasthan. It was chaired by Union Finance Minister Nirmala Sitharaman. The GST Council announced several important GST Updates. These updates are aiming at simplifying compliance, reducing tax burdens, and streamlining GST-related processes. Let’s all the important GST Updates announced in December 2024. Changes in GST … Read more
The United Arab Emirates (UAE) will implement a 15% minimum top-up tax on large multinational companies starting January, the Ministry of Finance announced on Monday. This move is part of the OECD’s global minimum corporate tax agreement, signed by 136 countries, including the UAE, aimed at ensuring major corporations pay a minimum tax rate of … Read more
USPTO reviews fees, costs, and revenues every two years to ensure the aggregate costs of trademark operations. Recently, The U.S. Patent and Trademark Office (USPTO) is increasing fees for trademark applications and other related services starting January 18, 2025. This means if you want to have trademark registration, don’t waste time and money anymore. Why … Read more
The Income Tax Department of India is preparing to change the tax system. They are planning to launch a new PAN system. PAN 2.0 is going to be a significant improvement to the current Permanent Account Number (PAN) architecture. In this article, we will be understanding what PAN 2.0 is and how it will be … Read more
The Income Tax Department has issued a strict warning to taxpayers. The strict warning is regarding failing to declare foreign assets can lead to a hefty penalty of ₹10 lakh. As the ITR deadline is near, taxpayers with overseas investments or accounts must comply with the disclosure rules under the Black Money (Undisclosed Foreign Income … Read more
The Food Safety and Standards Authority of India (FSSAI) has introduced new guidelines for online food platforms. The new guidelines aim to enhance consumer safety and ensure the quality of food products sold through e-commerce channels. Knowing new guidelines for online food platforms is essential for businesses as well as consumers. Mandatory shelf life requirements … Read more