The Institute of Chartered Accountants of India (ICAI) has officially revised the exam schedule for CA Final, CA Intermediate, and International Taxation – Assessment Test or the INTT-AT papers that were earlier set between May 9 and May 14, 2025. The new exam dates now stretch from May 16 to May 24, 2025. The update … Read more
Treasury Secretary Scott Bessent urged skittish global business leaders on Monday to ignore President Trump’s economic naysayers and ramp up investment in the United States, defending an economic agenda that economists warn will slow economic growth and exacerbate inflation. Speaking to executives, entrepreneurs and policymakers, Mr. Bessent argued that the Trump administration’s economic plans go … Read more
Years before President Trump returned to the White House, his budget chief, Russell T. Vought, began mapping out a plan to shrink the federal government. In Mr. Vought’s design, spending would be slashed by about $9 trillion over the next decade. Entire federal programs — from housing vouchers to student loans — would be eliminated. … Read more
In April 2025, investors holding select Sovereign Gold Bonds (SGBs) from the 2017-18 series will have the option for early redemption. The bonds eligible for redemption include SGB 2017-18 Series III, IV, and V, with redemption dates scheduled for April 16, April 23, and April 30. These bonds were originally issued at prices varying from … Read more
NPS vs OPS: The Central Pension Accounting Office has recently released updated guidelines aimed at ensuring retired employees of the National Pension System receive their pensions in a timely manner. In a memo dated March 12, 2025, the CPAO has reiterated to officials involved in processing NPS pension cases that they should adhere to the … Read more
The Senior Citizens Savings Scheme (SCSS) is designed specifically for elderly individuals residing in India. This scheme provides a reliable source of income along with top-notch security and tax advantages. Eligible senior citizens residing in India have the option to invest a lump sum amount in the scheme either individually or jointly, in order to … Read more
Income Tax Bill 2025: Finance Minister Nirmala Sitharaman on Thursday tabled the much-awaited Income Tax Bill 2025, which would replace the 1961’s Income Tax Act. The bill restructures provisions by increasing the number of sections while reducing overall length, enhancing clarity and ease of interpretation. Experts noted that there has been a notable attempt to … Read more
Venture capitalist Avirat Bhatnagar stirred a debate with his recent LinkedIn post, offering a stark classification of India’s wealth tiers: ₹10 lakh: Middle class ₹1 crore: Rich ₹10 crore: High Net Worth Individual (HNI) ₹100 crore: Wealthy ₹1,000 crore: Generational wealth While this framework may appear straightforward, responses from industry voices suggest that defining wealth … Read more
How profits on mutual funds are taxed for a salaried person? In addition to my salary income, I have income from equity mutual funds. How will my tax liability be calculated? Reply by Balwant Jain, a tax expert. How much tax do I have to pay? Calculate now Your salary and profits realized on redemption … Read more
Tax query: I am 28 years old and still unemployed. My mom gives me Rs 30,000 as pocket money every month. Will I have to pay taxes? I am going to file my ITR nevertheless but not sure if I have to pay any taxes on the money that is credited into my account. My … Read more