Many taxpayers often inquire: “I made long-term capital gains in FY 2024–25 but plan to invest in FY 2025–26. Can I still save on taxes?” The answer is yes, but understanding the timing and procedures is crucial. Understanding Sections 54 and 54F of the Income Tax Act Sections 54 and 54F provide avenues for taxpayers […]
Maximizing Tax Savings on Long-Term Capital Gains: A Comprehensive Guide Read More »
Introduction The Government eProcurement system of NIC (GePNIC) has rolled out a significant update, making it mandatory for tender participants in Madhya Pradesh to use Digital Signature Certificates (DSCs) with both signing and encryption capabilities. Previously, only signing certificates were required, but moving forward, encryption is equally essential. This change aims to enhance data security
New DSC Rules for MP Tenders: Signing + Encryption Now Mandatory! Read More »
The Madhya Pradesh (MP) government has made history with a whopping ₹26.61 lakh crore in investment proposals during the Global Investors Summit (GIS) 2025 held in Bhopal. This game-changing influx of funds is set to transform the state’s economic landscape, creating millions of jobs, fostering industrial growth, and propelling MP into a new era of
Madhya Pradesh’s Giant Leap: ₹26.61 Lakh Crore Investment Inflow from GIS 2025 Read More »
Global Investors Summit 2025: Paving the Way for Madhya Pradesh’s Economic Transformation Introduction: The Global Investors Summit (GIS) 2025, inaugurated by Prime Minister Shri Narendra Modi in Bhopal, Madhya Pradesh, has emerged as a landmark event poised to reshape the state’s economic landscape. With participation from over 60 countries, the summit serves as a vital
Madhya Pradesh Global Investors Summit 2025: Paving the Way for a Viksit Bharat Read More »
Understanding Hindu Undivided Family (HUF) and Its Tax Benefits What is an HUF? A Hindu Undivided Family (HUF) is a distinct legal entity recognized under Indian tax law. It consists of all members of a Hindu family, including those by marriage (e.g., daughter-in-law and mother). HUFs are treated separately for tax purposes, providing unique advantages
A Family That Plans Together, Pays Less Tax Together! Read More »
Madhya Pradesh is gearing up to host a grand global investor meet in February 2025, bringing together business leaders, policymakers, and over 500 Non-Resident Indians (NRIs) from more than 15 countries. The “Invest Madhya Pradesh – Global Investors Summit 2025” will be integrated with the “Pravasi Madhya Pradesh Summit 2025,” making it a landmark event
Invest Madhya Pradesh – Global Investors Summit 2025: A Catalyst for Growth Read More »
Section 112A: Long-Term Capital Gains on Listed Shares and Equity-Oriented Funds Long-term capital gains (LTCG) arise when a long-term capital asset is transferred. The taxation of LTCG under the Income Tax Act, 1961, is categorized into two key provisions: Section 112 and Section 112A. Section 112A specifically addresses the taxation of LTCG on listed shares,
Decoding Long-Term Capital Gains! Read More »
The Maha Kumbh Mela 2025: A Blend of Spirituality and Economic Impact The Maha Kumbh Mela, one of the world’s largest and most significant religious gatherings, is not only a symbol of profound spiritual devotion but also a remarkable economic engine. The upcoming Maha Kumbh Mela 2025, scheduled from January 13 to February 26, is
Maha Kumbh Mela 2025: A Spiritual and Economic Marvel!🕉️ Read More »
TDS Changes Effective from 1st October 2024: A Detailed Overview The Income Tax Department has introduced significant changes to the Tax Deducted at Source (TDS) framework, effective from 1st October 2024. These modifications, primarily focusing on reducing TDS rates across several key sections, are intended to reduce compliance burdens and ease cash flows for individuals
Big TDS Rate Cuts from October 2024! What You Need to Know Read More »
The 54th GST Council Meeting, chaired by Union Finance Minister Nirmala Sitharaman on 9th September 2024, brought forward significant reforms aimed at simplifying GST compliance, offering sector-specific relief, and addressing ambiguities in existing regulations. These decisions are expected to impact various sectors, such as insurance, healthcare, transport, and R&D, while also setting the stage for
Overview of the 54th GST Council Meeting: Key Decisions & Their Implications Read More »
