The Goods and Services Tax (GST) system in India is undergoing a crucial change from April 1, 2025. Businesses operating in multiple states under the same Permanent Account Number (PAN)…
INTRODUCTION:TDS is a system of tax collection at source whereby the payer retains the tax before the payment is made to the assessee and then the deducted amount is paid…
In Budget 2025, the Indian government has launched a series of ambitious initiatives aimed at transforming the country's agricultural sector. These programs are designed to enhance agricultural productivity, promote sustainable…
The Indian government has unveiled Budget 2025—a comprehensive financial blueprint poised to drive economic growth, expand social welfare initiatives, and simplify the tax framework for everyone. In our initial article,…
Budget 2025: A Step Towards a Viksit Bharat? - Initial Reactions from AccovetBudget 2025 represents a strategic roadmap for India's continued economic development, balancing near-term imperatives with the long-term vision…
Navigating the complexities of tax benefits for philanthropic giving.Donating to religious and charitable causes is a deeply ingrained tradition in India. The Income-tax Act, 1961, recognizes and encourages such generosity…
FEMA (Foreign Currency Accounts) Fifth Amendment Regulations, 2025: A Step Towards Global Ease of Doing BusinessThe Reserve Bank of India (RBI) has introduced a key reform in its Foreign Exchange…
As we welcome the new year, India’s tax landscape is witnessing some significant changes aimed at enhancing efficiency, transparency, and compliance. The tax reforms, effective from 1st January 2025, encompass…
The GST Amnesty Scheme 2024, unveiled in the Union Budget, offers a valuable opportunity for GST-registered taxpayers facing pending interest or penalties. Designed to promote compliance, this scheme allows taxpayers…
Find out how to apply for relief from interest on overdue income tax, understand eligibility, and explore the tax waiver limits set by the Income Tax Department of India.The Income…
In an era where agricultural sustainability and economic resilience are more crucial than ever, farmer producer companies (FPCs) have emerged as vital players in the agricultural sector. These organizations, formed…
In India, the disclosure of foreign assets and liabilities through Schedule FA of the Income Tax Return (ITR) is a crucial requirement aimed at combating tax evasion and ensuring financial…