mandeepsihag79@gmail.com Introduction to GST Input Tax Credit (ITC) Input Tax Credit (ITC), a mechanism that allows businesses to reduce their tax liability by claiming credit for the GST paid on purchases of goods and services used for business purposes.The Goods and Services Tax (GST), introduced in India on July 1, 2017, revolutionized the taxation system by … Read more
A key component of India’s legal system, the Motor Vehicles Act of 1988 was created to control road transport vehicles and guarantee their efficiency, safety, and compliance on Indian roads. The previous Motor Vehicles Act of 1939, which in turn succeeded the Motor Vehicles Act of 1914, was superseded by this Act, which was passed … Read more
Cryptocurrency, or digital money, has changed how we think about finance. In India, over 40 million people use Bitcoin, and the country saw over ₹21 lakh crore in crypto transactions in 2023, according to Chainalysis. From its start as an idea to its growth as a major market in India, this blog explains the history … Read more
By 2030, the gig economy in India is expected to triple, providing freelancers with a plethora of opportunities to earn both INR and USD. However, self-control and foresight are necessary for financial success. Freelancers can transform sporadic income into long-term wealth by diversifying their sources, maximizing taxes, investing wisely, obtaining insurance, and keeping an emergency … Read more
Capital Gains Tax (CGT) in India is a critical aspect of financial planning for anyone selling capital assets like property, shares, mutual funds, or gold. Governed by the Income Tax Act, 1961, CGT is levied on the profit earned from such sales, and its treatment depends on whether the gain is classified as Short-Term Capital … Read more
India’s taxation landscape is undergoing a transformative shift with the Income Tax Act, 2025, which replaces the six-decade-old Income Tax Act, 1961. Passed by the Indian Parliament and receiving presidential assent on August 21, 2025, this landmark legislation is set to take effect from April 1, 2026. The new Act aims to simplify tax laws, … Read more
The 50-30-20 budgeting rule is a simple, flexible guideline for managing your personal finances by dividing your after-tax income into three spending categories: needs, wants, and savings. In India, where rising costs, festive splurges, and family obligations often stretch our budgets, managing money can feel overwhelming. But there’s a simple, effective way to take control: … Read more
Introduction Picture this: you’re a young law graduate, fresh out of college, dreaming of standing in a courtroom, defending justice, or helping someone navigate a tricky legal situation. But how do you even start? What ensures you’re qualified, ethical, and treated fairly as you step into this noble profession? Enter The Advocates Act, 1961—the unsung … Read more
Introduction India’s digital landscape is changing due to artificial intelligence (AI), which is propelling improvements in a number of industries, including healthcare, finance, and agriculture. India is positioned to become a global hub for artificial intelligence thanks to programs like the IndiaAI Mission and a forecasted $17 billion AI market by 2027. AI’s dependence on … Read more
India’s income tax system offers taxpayers a choice between the Old Tax Regime and the New Tax Regime, each with distinct features affecting tax liability. With the Union Budget 2025 introducing changes to the New Tax Regime, understanding the differences is crucial for optimizing your tax planning. This blog compares the two regimes based on … Read more