I just wanted to share my thoughts on the reciprocal tariffs announced yesterday by the U.S. Government and what they could mean for Indian businesses. You have probably read or heard about it in the news and on social media. But let me try to simplify it in my own …

Five years ago, the world faced a major event — the COVID-19 pandemic that shook every corner of the globe. I still remember how, at the time, many famous personalities took to the media and declared that the world would never be the same again! But let’s revisit that part …

Wishing you all a Happy Happiness Day! Would you agree that a stress-free life, satisfaction in what we do, and peace of mind all lead to a common goal—happiness? Many of us often hear people say: “When we had time, we had no money; now we have money, but no …

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 …