In today’s fast-paced and ever-evolving world, the ability to learn on your own is more crucial than ever. Self-learning empowers individuals to take charge of their personal and professional growth, adapting to changes and challenges with resilience and creativity. Why self-learning is a key to success and how it can shape your journey towards achieving your goals, is explained below: 1. Self-Learning is a Key…
The Finance Act 2024 has introduced a long-anticipated reform, simplified the tax rates and held periods for various assets. Previously, various asset categories had different holding periods to be classified as Short-Term or Long-Term Capital Assets. Now, a uniform holding period of 12 and 24 months has been established, eliminating the former 36-month requirement. The holding period for all listed securities and equity-oriented funds are…
The Union Budget 2024 introduces several amendments to income tax provisions, affecting various sectors and stakeholders. Among these changes are two notable updates relevant to partnership firms and Limited Liability Partnerships (LLPs) regarding remuneration to partners. These updates will take effect from April 1, 2025, for the Assessment Year 2025-26. Here’s a closer look at these changes and their potential impact. 1. Increased Allowable Remuneration…
The recent budget update has brought significant changes to the salary landscape, impacting both employees and employers alike. Grasping these changes is essential for confidently steering your financial future. Let us discover the key aspects of the Budget updates and unlock the insights you need: Incentive For Salaried Employees Under New Tax Regime (NTR) Tax Rate Income slab (in INR) Proposed Income slab(in INR) Tax…
Seven years ago, the Goods and Services Tax (GST) was implemented as India’s largest indirect tax reform. With its dual taxation system, GST has replaced nearly all other taxes. Although…
