The Union Budget 2026 has introduced several stringent penalties on crypto trading. This comes after the government’s serious stance on virtual digital asset compliance. However, there are no changes in tax rates under the current Tax Rule on Crypto. But there’s a new crypto reporting penalty. This penalty framework aims to enhance accountability. As a … Read more
Finance Minister Nirmala Sitharaman presented the Union Budget 2026 in Parliament on February 1. The Union Budget 2026 lays out the government’s financial priorities for the upcoming financial year and also proposes tax changes and policy measures. It also outlines spending plans and major announcements across key sectors for the upcoming financial year. Here are … Read more
The Ministry of Corporate Affairs has given companies in India a big relief. So, if you have missed your annual return or financial statement filling deadlines, this is good news for you. Now, you have time till 31st December 2025 to file form AOC-4 and Form MGT-7. This update was informed through MCA Circular No. … Read more
The Ministry of Corporate Affairs (MCA) has announced a major relief for company directors. The new relief is in the form of extension of the deadline for filing DIR-3 KYC and DIR-3 KYC-WEB without the levy of late fees. The new due date is now 15 October 2025. As a result, it gives directors additional … Read more
The GST was implemented in 2017 with the promise of being a one nation, one tax. However, it was a game of four slabs and endless confusion. From tax slabs 5%, 12%, 18%, and 28%, plus cess on sin goods, businesses and consumers were forced to do hard maths and stayed confused. However, this has … Read more
MSMEs are the pillars of the Indian economy whose contribution is almost 30% of India’s GDP and are engaged in giving employment to crores of individuals belonging to various industries. Despite how crucial as this is, MSMEs are required to go through difficulties while getting early finance due to long banking procedures, absence of collateral, … Read more
All entities that are liable to collect Tax Collected at Source(TCS) must file Form 27EQ as a quarterly return. Sellers collect TCS from buyers while selling certain goods or services. Government and non-government collectors can use Form 27EQ, which Section 206C of the Income Tax Act governs. Companies generally use the 27EQ filing to report … Read more
The UAE Golden Visa offer a chance to numerous individuals from the professional and entrepreneurial sectors to find work and stay in the country. At the moment, it is possible to obtain this visa without any property purchase or sponsorship requirement. This is a great opportunity for Indians who are interested in UAE company registration. … Read more
Important announcement for all the businesses in India. MHA approval for DIN and security clearance is now mandatory. Let’s understand all about the security check compulsory for DIN allotment. Mandatory Security Check for Chinese DIN Allottees In June 2022, the Indian government amended its several rules for appointment of directors. As a result, now onwards, … Read more
The Central Board of Direct Taxes (CBDT) has shelved an important compliance shift i.e. compulsory due diligence of ITR Filing in FY 2025-26. This step is not normal. It represents a straight turn to improved transparency, increased audit levels and better enforcement. This is the wake call to every casual Income Tax Return Filing habit. … Read more