Have you ever stared at a GST demand order and wondered how long the appeal would drag on—or how many trips to different offices it would take? Those days might be numbered. On 24 April 2025, the Government of India switched on the long-awaited Goods and Services Tax Appellate Tribunal (GSTAT) and, with it, a fully digital portal that promises to make tax disputes quicker,…
In a significant step toward digitizing India’s regulatory ecosystem, the Reserve Bank of India (RBI) has rolled out PRAVAAH – the Platform for Regulatory Application, Validation And AutHorization. Designed as a secure, web-based portal, PRAVAAH is now the single-window interface for all regulatory applications submitted to the RBI. Starting May 1, 2025, RBI has mandated that all regulated entities—from banks and NBFCs to payment system…
With the rapid rise of India’s high-net-worth individuals, an increasing number of affluent families are embracing Family Offices to holistically manage their wealth, investments, and financial affairs. These offices offer personalized services, ranging from wealth management and estate planning to tax optimization and risk mitigation, meticulously tailored to each family’s unique needs. One of the most critical aspects of running a family office is Family…
Work discipline is more than just following the rules and policies. It means being dependable, managing your time well, and working with respect for others. It is what keeps a team productive and connected. Think of how ants operate: they move in perfect coordination, each ant takes responsibility, and together they collect food and build their home. That’s how discipline works: everyone plays their part…
Building on the government’s goal of streamlining tax collection with minimal administrative efforts, the Budget 2024 introduces new provisions for deducting TDS on partners’ income from the firm in the form of remuneration & interest. These provisions are effective for payments made on or after 1st April 2025. Section 194T can be summarized as: (1) Any person, being a firm, responsible for paying any sum…
