Good news Budget 2025 –NIL tax till turnover of Rs. 2 crores for small businesses and Rs. 24 Lakhs professional income for professionals filing income tax return under Section 44AD and Section 44ADA Income Tax Act respectively.
In Budget 2025, the Hon’ble Union Finance Minister Smt. Nirmala Sitharaman has presented new income tax proposal for increase of tax exemption limit in the Income Tax Act. The tax exemption limit through rebate has been increased to Rs 12 lakh for non-salaried taxpayers and to Rs 12.75 lakh for salaried taxpayers (due to standard […]
Business in South Africa Guide
South Africa’s economy is expected to grow at some 1.6% over next three years. Operational problems in freight rail and ports continue to disrupt economic activity and limit the country’s export potential. Comprehensive reforms are under way in these sectors; although it will take time to see a recovery in growth. Household consumption is under […]
High Court of Bombay – Writ Petition under Article 226 of the Constitution of India is maintainable against “Non-state” – Ankit Bhuwalka Erstwhile Director of Bhuwalka Steel Industries Limited Vs IDBI Bank Limited – Writ petition No. 12 of 2025
In the recent judgement dated 16 January 2025, passed by Hon’ble High Court of Bombay, in the wilful defaulter matter of Ankit Bhuwalka Erstwhile Director of Bhuwalka Steel Industries Limited Vs IDBI Bank Limited and other held that writ Petition under Article 226 of the Constitution of India is maintainable against “Non-state”. Learned Counsel Mr. […]
Analysis of buying own house on home loan or taking house on rent
Interesting analysis done for buying own house on home loan or taking house on rent. Please see attached work sheet for the same. Disclaimer: The above article is meant for informational and educational purposes only, and should not be considered as any investment and financial advice. Articles oasis suggests its readers/audience to consult their financial advisors […]
Analysis how to save short term capital gain tax on listed equity shares investment
Before we proceed on main topic let’s understand capital gain tax rate in India on listed equity shares investment Short term capital gain tax – 20% Long term capital gain tax – 12.5% Holding period of listed equity shares less than 12 months the same shall be fallen under short term capital gain tax and […]