The Karnataka Budget Proposal to scientifically determine the guidance value using GIS (Geographic Information System) could be a major relief for many property owners. After the guidance value revision in October 2023, thousands of properties have been overvalued compared to actual market rates, making it difficult for both buyers and …

The Income-Tax Act, 1961, has long been a key pillar of India’s tax system. Enacted on 1st April 1962, the Act has been amended over 4,000 times through Finance Acts to adapt to the evolving economic landscape. However, the accumulation of amendments, complex language, and a bulky structure have made …

The Union Budget 2025 has introduced a key change in the Updated Income Tax Return (ITR-U) mechanism by extending the filing period by two more years. This change provides a longer window for taxpayers who missed filing or underreported their income. But before understanding its impact, let’s briefly revisit the …

You might have already come across plenty of information on the budget proposals. Still, I thought of writing a series of short notes. Let me start with the simplest one. Proposal #1 – Basic Exemption Limit Raised Under the New Tax Regime (NTR) to Rs.4,00,000 Scenario 1: Should Mr. Ramesh …

As I thought about starting the new year, the topic of last-mile connectivity, used metaphorically seemed the most appropriate for my first article of 2025! We often put significant effort into tasks but fail to complete the final, crucial step, rendering all prior efforts ineffective. For example, we file Income …

Are you someone who shouts, harasses, ignores, or irritates the people around you like your spouse, kids, team members, juniors, professionals, consultants, vendors, or even customers? If so, this note is for you. Trust me, it could change the way people see you and the way you see yourself. When …

Life is full of deadlines whether it’s preparing for exams, getting ready for events, or completing tasks at the office. Yet, procrastination often gets the better of us. The Income Tax Act offers valuable life lessons through its interest under Sections 234A, 234B, and 234C. Procrastination is the act of delaying tasks …

While interacting with people across the globe, I have noticed certain human elements in commercial transactions that I believe are worth sharing. Property Transactions – It usually starts on a very positive note: there’s a buyer and a seller. The entire process takes around two to three months to conclude. …

Here is something I have observed in both newspapers and public chat groups. Though these are two independent points, I am clubbing them together here. First Point: Stories in the Newspaper Every day, newspapers report on criminal or cheating cases, which I will classify below: Honey Trap: Here’s a headline: …

In the Indian context, families have traditionally avoided discussing death while one is alive, as it is considered a bad omen. However, in a changing society, death is no longer a hidden topic; post-COVID, it has come into the open, almost like it’s out in the field, dancing in the …