India’s Finance Minister, Nirmala Sitharaman, presented the 2025-26 Union Budget on February 1. There have been several important reforms impacting all of us. Let’s read reforms introduced in Budget 2025 and their impact through this article. Impact of Latest Reforms Introduced under Budget 2025 More income for salaried persons and Less Taxes The government has introduced … Read more
Actor Dhanush won a case against actress Nayanthara and her husband, director Vignesh Shivan, over copyright infringement. The dispute involved unauthorized footage from the movie Naanum Rowdy Dhaan in Nayanthara’s Netflix documentary, Nayanthara: Beyond the Fairytale. Background of the Dispute It began when Nayanthara approached Dhanush’s production house, Wunderbar Films. She wanted to make a … Read more
Interesting news for everyone as Indian media houses are taking legal action against OpenAI, accusing the AI giant of copyright infringement. The media houses have accused OpenAI of using their content without authorization to train ChatGPT. Let’s read about this news in detail. Beginning of Legal Battle between India Media Houses and Open Ai The … Read more
The United Arab Emirates (UAE) will implement a 15% minimum top-up tax on large multinational companies starting January, the Ministry of Finance announced on Monday. This move is part of the OECD’s global minimum corporate tax agreement, signed by 136 countries, including the UAE, aimed at ensuring major corporations pay a minimum tax rate of … Read more
USPTO reviews fees, costs, and revenues every two years to ensure the aggregate costs of trademark operations. Recently, The U.S. Patent and Trademark Office (USPTO) is increasing fees for trademark applications and other related services starting January 18, 2025. This means if you want to have trademark registration, don’t waste time and money anymore. Why … Read more
Ratan Tata’s business growth transformed the Tata Group into a global powerhouse, leaving an enduring legacy in India’s corporate world. Ratan Naval Tata, one of India’s most revered industrialists and philanthropists, passed away on Wednesday, October 9, 2024, at the age of 86. He had been receiving treatment at Mumbai’s Breach Candy Hospital. His legacy … Read more
Venture investors and startup leaders are celebrating a huge reform as announced in the Union Budget 2024-25. This is because startups funding is now angel tax free. Let’s understand about this important update through this article. What is an Angel Tax? Angel Tax is applicable to businesses for any amount received by a privately held … Read more
The Finance Minister announced the Final Budget on July 23, 2024. This year’s budget focuses on jobs, skills development, MSME, and the middle class. Let’s read about all the Union Budget 2024 Highlights & Announcements. Direct Tax Limit Increased for Salaried Personals A good news from the budget as the standard deduction for salaried individuals … Read more
An important update for MSMEs and big businesses in India. As per the latest update, Companies delaying payments to MSEs by more than 45 days will now have to provide additional information in a revised MSME Form 1 along with a new complaint system launching soon along with Online Complaint System under planning. Consequences of … Read more
The General Anti-Avoidance Rules Authority (GAAR) has issued an update that indicates a possible reclassification of instant mixes such as dhokla, idli and dosa. Therefore, this will increase their GST rate to 18%. This decision takes these items out of the low tax basket “sattu”. The impact on the producers and consumers is significant. Manufacturers’ … Read more