The Reserve Bank of India (RBI) Governor Shaktikanta Das said that Monetary Policy Committee (MPC) decided to keep its repo rate at ~6.5%. Its April 4, 2024 MPC meeting considered some critical aspects related to the Indian economy, which includes growth, inflation, liquidity, along with financial stability. Takeaways from monetary policy committee meeting included the repo

Are you a business owner looking to maximize your profits and cut your tax liabilities? Investing in tax consultancy services is a smart move for your company’s financial success. If so, you’re in the right place. As a business owner, navigating the complicated world of taxes can be a daunting and time-consuming task. That’s where

Nirmala Sitharaman announced on Thursday, February 1 during the presentation of the Interim Budget 2024-25 that the FY25 capital expenditures have been increased by 11.1% to a total of 11.11 lakh crores. The FY25 capital expenditures now amount to 3.4% of the GDP. The fiscal deficit, the difference between government revenues and expenses, is expected

Navigating the intricate terrain of tax audits can feel like a nerve-wracking expedition, whether you’re an individual or a small business. The unyielding scrutiny from tax authorities can be overwhelming, and the stakes of any missteps or oversights are high. But fear not! Enter the hero of the hour: the tax audit lawyer. In this

The online gaming industry in India is facing a major challenge after the GST Council decided to impose a 28% tax on the full face value of bets placed in online gaming, casinos, and horse racing. This decision has sparked a lot of criticism and controversy from the industry players, who claim that it will

Mumbai, September 13, 2023: The Public Trust in Tax survey which questioned 7,700 members of the public across the globe shows that accountants have a major role to play in addressing corruption, which negatively impact on attitudes towards tax in economies. Results show that 53.8% consider corruption a major factor, however most people believe the role of professional

Revenue Secretary Sanjay Malhotra recently suggested that taxpayers take steps to ensure their income tax returns ITR for the financial year 2022-2023 are filed before the July 31, 2023 deadline. Yet, a LocalCircles survey showed that 27% of the individual taxpayers polled had not submitted theirs yet, with another 14% claiming they will not make

If you live abroad, you qualify as a non-resident Indian NRIs for the specific financial year, as per the Income Tax Act. Even though they are not physically present in India, NRIs must fulfill their tax obligations on income earned from sources within India such as salary for services rendered here, interest generated from savings

Audit rates have been decreasing over the past few years due to a lack of resources, and that may cause some people to get too comfortable during tax season. Even one small mistake can lead to an IRS audit.  If you’re not familiar with the tax laws, you could get yourself in trouble. That’s why

A rate hike was expected, but the expectation was for a maximum of 35 bps. The hike by 50 bps is definitely on the higher side, and home loan lending rates will now edge further into the red zone. This is the third consecutive rate hike in the last two months and finally marks the