Understanding Input Tax Credit (ITC): GST
Input Tax Credit (ITC) is a fundamental component of India’s Goods and Services Tax (GST) framework, designed to prevent the cascading effect of taxes and reduce the overall tax burden…
Letter of Undertaking (LUT) in GST: A Complete Guide for Exporters
The Letter of Undertaking (LUT) is an essential compliance document under the Goods and Services Tax (GST) regime in India. It allows exporters to supply goods or services without paying…
The Budget Session of the Indian Parliament: All You Need to Know
The Budget Session of the Indian Parliament is one of the most important events of the year. It sets the tone for the country’s finances and policies, influencing the economy…
Union Budget 2025: Tax Relief, Capex Focus, Big Announcements & more
Union Budget 2025: A Comprehensive Overview in Simple Words On February 1, 2025, Finance Minister Nirmala Sitharaman presented the Union Budget for the year. This budget has been hailed as…
Key Highlights of Budget 2025-26
The Union Budget for 2025-26 emphasizes building a stronger, inclusive, and future-ready economy. With a clear roadmap for “Viksit Bharat” (Developed India), this budget introduces robust reforms across agriculture, MSMEs,…
Budget 2025-26: Budget at a Glance
Introduction The Union Budget 2025-26, presented by the Indian government, outlines the nation’s economic vision, expenditure priorities, and fiscal management strategies. This analysis delves deep into key aspects, including revenue…
New Income Tax Slabs Budget 2025-26: How Much Do You Save?
The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, introduces a New Income Tax Slabs and announce a new income tax bill that is simpler and easier to understand.…
Do Sikkim’s People Pay Income Tax? A Comprehensive Analysis
Sikkim, the small Himalayan state in northeastern India, holds a unique position in the Indian tax framework due to its historical and constitutional safeguards. The question of whether the people…
What is a Tax Haven?
In the global financial landscape, the term “tax haven” often conjures images of idyllic islands and secretive bank accounts. However, the concept goes beyond mere stereotypes. A tax haven is…
Understanding the Difference Between TDS and TCS
In the Indian tax system, two important mechanisms ensure the timely collection of taxes: Tax Deducted at Source (TDS) and Tax Collected at Source (TCS). These concepts, though closely related,…











