lawyer2ca

[lawyer2ca]

🚨 Expectations for Income Tax Changes in Budget 2025 🚨

- @lawyer2ca

With Budget 2025 just around the corner, here’s a breakdown of key tax changes we can expect:

• Direct Tax Code (DTC): The DTC is expected to simplify the tax structure, with lower rates, fewer slabs, and easier filing processes. We might also see clearer rules for capital gains and more taxpayer-friendly compliance.

• Deductions & Exemptions:

- Increase in Section 80C limit to ₹2.5 lakh or more.

- Higher deductions under Section 80D for health insurance, especially for senior citizens.

- Home loan interest deduction could be increased to ₹3 lakh.

• Green Initiatives: Tax incentives for electric vehicles, renewable energy, and sustainable investments. Budget 2025 is likely to continue focusing on the EV sector with additional subsidies and tax relief for both buyers and manufacturers. The government may also introduce new reforms to promote shared electric mobility, such as electric cabs and buses, to reduce pollution and ease traffic congestion.

• Penalties & Prosecution for Dishonest Taxpayers:

- Expect tighter penalties and stricter prosecution for taxpayers who claim fake deductions or provide false information in their returns.

- Increased scrutiny on high-value claims with measures to reduce tax fraud, ensuring a more transparent system.

Budget 2025 promises to bring greater tax relief, simplified compliance, and stronger enforcement against dishonest taxpayers. Stay tuned for the official announcements! 💡

#Budget2025 #TaxReform #Directtaxcode #IncomeTax #TaxCompliance #personalfinance #corporatetax #Lawyer2CA

[lawyer2ca]

💡 Introducing PAN 2.0: A Smarter Way Forward!

- @lawyer2ca

The PAN 2.0 Project is here to revolutionize the way we manage our financial identity in India. 🌟 With enhanced features like QR Code Integration, PAN cards are becoming more secure and user-friendly than ever before.

Here’s what’s new in PAN 2.0:

✅ QR Code Feature: Enables faster, hassle-free authentication.

✅ Enhanced Security: A step towards curbing identity fraud.

✅ Easy Application Process: Applying for a PAN card is now more seamless than ever.

Whether you're a taxpayer, professional, or business owner, PAN 2.0 is designed to simplify compliance and enhance transparency.

#PANCard #PAN2.0 #FinancialInclusion #IndiaTax #DigitalIndia #Lawyer2CA

[lawyer2ca]

🎉✨ Happy New Year 2025! ✨🎉

- @lawyer2ca

Wishing everyone a year filled with growth, success, and endless opportunities. Let’s make 2025 a year to remember—filled with innovation, collaboration, and positive impact!

Here’s to new beginnings and achieving new heights together. 🚀

#HappyNewYear #NewBeginnings #Growth #Success #Collaboration #Lawyer2CA

[lawyer2ca]

GST council meeting: What gets cheaper & dearer - from popcorn to EV sale

~ @lawyer2ca

Finance Minister Nirmala Sitharaman-led 55th GST Council decided to levy higher tax rate on caramel popcorn and exempted gene therapy from the tax ambit.

· To raise the rate of tax to 18% from 12% on all used EV sales, and it will be applicable only on the value that represents margin - the difference between the purchase price and selling price (depreciated value if depreciation is claimed) - by businesses. Sale and purchase of used vehicles by individuals will continue to be exempt from GST.

· Caramelised popcorn will continue to attract tax at the rate of 18%. 'Ready-to-eat popcorn', which is mixed with salt and spices, and has the essential character of namkeens currently attracts a five per cent GST if it is not pre-packaged and labelled. Additionally, pre-packaged and labelled ready-to-eat snacks/popcorns will attract a 12% GST.

· GST Council has cut the tax rate on fortified rice kernels used for public distribution to 5% from 18%. The finance minister clarified that ACC blocks containing 50% fly ash will attract a 12% GST rate. Black pepper and raisins supplied directly by farmers will be exempt from GST.

· The finance minister announced that no GST will be levied on penal charges imposed by banks and non-banking financial companies (NBFCs) on borrowers for non-compliance with loan terms.

· The GST Council has totally exempted gene therapy [TL1] from the ambit of GST.

· The exemption of IGST on surface to air missiles, extended.

· The GST Council agreed to keep jet fuel (ATF) out of the 'one-nation-one-tax' regime. Regarding the inclusion of ATF under GST, Sitharaman confirmed that the decision was deferred after states raised concerns.

· On small companies facing registration problems, Sitharaman said a concept note has received in-principle approvals. This may require amendments to be made to the GST Acts to make it easier for small companies to register.

[lawyer2ca]

🎄✨ Merry Christmas & Happy New Year 2025! ✨🎄

As we celebrate the joy of the season and reflect on an incredible year, we at Lawyer2CA extend our heartfelt gratitude to our clients, partners, and colleagues for your trust and support.

This year has been a journey of growth and collaboration, and we’re truly grateful for the opportunities to help businesses and individuals achieve their goals.

Here’s to new opportunities, greater success, and stronger partnerships in the year ahead! May 2025 bring happiness, health, and prosperity to you and your loved ones.

Warm wishes,

Team @lawyer2ca

#MerryChristmas #HappyNewYear2025 #Lawyer2CA #Gratitude #SeasonOfJoy

[lawyer2ca]

Russia Shows Strong Interest in Manufacturing in India

- @lawyer2ca

Russian President Vladimir Putin has expressed keen interest in strengthening economic ties with India by setting up manufacturing units in the country.

🔹 Support for 'Make in India': Putin praised Prime Minister Narendra Modi’s India-First policy and the Make in India initiative for fostering an investor-friendly environment.

🔹 Major Investments: Highlighting Rosneft's $20 billion investment as a benchmark, Putin reiterated Russia's commitment to deepening its industrial presence in India.

🔹 Focus on SMEs: He commended India for creating stable conditions for small and medium-sized enterprises (SMEs), emphasizing the importance of rapid dispute resolution mechanisms to facilitate seamless operations for SMEs in BRICS+ countries.

🔹 Strengthening BRICS Collaboration: Putin advocated for greater cooperation among BRICS nations, spotlighting the role of import substitution programs and prioritizing national interests for sustainable growth.

🔹 Trade Snapshot: From April to September FY25, India’s exports to Russia amounted to $2.61 billion, while imports reached $32.23 billion.

This move underscores Russia's growing interest in India as a key manufacturing and trade partner.

Read More: https://manufacturing.economictimes.indiatimes.com/news/industry/russia-keen-to-set-up-factories-in-india/116027105

[lawyer2ca]

🚀 Honoured to Mentor and Invest at E-Gnite'24: Shaping the Future of Entrepreneurship🚀

We are honoured to announce that @lawyer2ca’s founder, Anirudh Bagai has been invited to participate in E-Gnite'24, organised by The Entrepreneurial Board (TEB) of College of Vocational Studies (CVS), Delhi University.

Looking forward to connecting with budding entrepreneurs and sharing insights on building successful ventures. 🌟

📅 Date: 25-November 2024

📍 Venue: College of Vocational Studies (CVS), Delhi University

https://www.instagram.com/p/DCudqC6TwVE/?img_index=3&igsh=NWhhMzFhMG55bjJ4

[lawyer2ca]

@lawyer2ca®️’s Founder, Anirudh Bagai, got an opportunity to take a Masterclass on "Fund Raising for a Startup" at BML Munjal University on 6 November 2024.

He had the immense pleasure of interacting with some of the brightest minds doing their post graduation in Business.

He is grateful for the opportunity and is looking forward to being a part of more such sessions.

Kudos to the organizing team for a stellar event!

#entrepreneur #Lawyer2CA #startupindia #entrepreneurship #venture #vc #venturecapital #Compliance #Legal

[lawyer2ca]

Warmest wishes on this Diwali! May your celebrations be filled with joy, prosperity, and countless blessings. Have a wonderful Diwali with family and friends.

Best,

Team @lawyer2ca®️

#HappyDiwali #Diwali2024 #Celebrations #Lawyer2CA #HappyDiwali2024 #TweetToLight #Festival #GoGreen #EcoFriendly

[lawyer2ca]

@lawyer2ca’s founder, Anirudh Bagai had a truly insightful and productive meeting with the President of the Indo-Greek Business Association today 🙌

Our discussion centered around fostering stronger business ties, exploring new avenues of collaboration, and leveraging the synergies between India and Greece. The exchange of ideas was invaluable, and I'm excited about the potential opportunities that lie ahead for both nations.

A big thank you to the Indo-Greek Business Association for facilitating such a meaningful dialogue. I look forward to continuing this partnership and working together to drive innovation and growth in the Indo-Greek business community. 🌍🤝

#BusinessCollaboration #IndoGreekPartnership #GlobalBusiness #Innovation #Networking #NewOpportunities #Lawyer2CA @lawyer2ca

[lawyer2ca]

Unlock the doors to European living with a Greece Golden Visa! 🇬🇷 - @lawyer2ca

✈️ Visa-free travel across the Schengen Area.

💶 Affordable entry with property investment.

🏠 Attractive ROl in Greece's growing real estate market.

🌍 Path to Greek citizenship and European residency.

🔐 Ownership in one of Europe's most desirable destinations.

Join us on an unforgettable journey of a lifetime. For more information, contact us at:

+91 99999 48784

info (at) Lawyer2CA (dot) com

#Greece #GreeceGoldenVisa #GoldenVisa #Investment #DualCitizenship #CitizenshipByInvestment #ImmigrationConsultant #Lawyer2CA #India

[lawyer2ca]

Lawyer2CA’s founder, Anirudh Bagai just wrapped up a highly productive meeting with our Serbian legal advisor at the Hilton, Belgrade on 28-August-2024. We had an in-depth discussion about the numerous benefits of setting up in GIFT City and the immense investment potential in India.

If you’re considering establishing your company in GIFT City, feel free to connect with us at info@Lawyer2CA.com or +91 9999948784. We’re here to help!

#serbia #belgrade #lawyer2ca #company #companyregistration #companyformation #technology #tech #giftcity #greece

[lawyer2ca]

Lawyer2CA’s founder, Anirudh Bagai just wrapped up a highly productive meeting with our Serbian legal advisor at the Hilton, Belgrade on 28-August-2024. We had an in-depth discussion about the numerous benefits of setting up in GIFT City and the immense investment potential in India.

If you’re considering establishing your company in GIFT City, feel free to connect with us at info@Lawyer2CA.com or +91 9999948784. We’re here to help!

#serbia #belgrade #lawyer2ca #company #companyregistration #companyformation #technology #tech #giftcity #greece

[lawyer2ca]

One of our clients is looking to buy a Non-Banking Financial Company (NBFC) - @lawyer2ca

✅ Registered Office can be in any State.

(Strict NO to a Kolkata-based NBFC)

✅ Capital - INR 5 Crore.

✅ If you have/know any NBFC that is up for sale, then get in touch with Lawyer2CA at +91 99999 48784 / info at lawyer2ca dot com.

#NBFC #Finance #Acquisition #lawyer2ca

[lawyer2ca]

📢 New SEBI Rules and Their Impact on Finfluencers 📢

- @lawyer2ca

SEBI's recent decisions, announced on June 27, 2024, will significantly impact the income streams of finfluencers. According to the new regulations, SEBI-regulated entities and their agents are prohibited from associating with anyone providing financial advice or recommendations unless explicitly permitted by SEBI. This includes indirect associations through social media management firms.

🔍 Key Points:

1. Prohibition on Associations: SEBI-regulated entities cannot collaborate with finfluencers for promotions involving financial advice or performance claims.

2. Impact on Income: Finfluencers, who previously earned substantial amounts through such partnerships, will see a reduction in income.

3. Exceptions: The rules allow associations for investor education and via specified digital platforms approved by SEBI.

4. Curbing Mis-Selling: These measures aim to reduce mis-selling, although some loopholes remain.

Finfluencers must adapt to these changes to continue thriving in the financial ecosystem. This could mean focusing solely on investor education or exploring partnerships outside SEBI's purview.

#SEBI #Finfluencers #FinancialRegulations #InvestorProtection #FinanceNews #Lawyer2CA

[lawyer2ca]

🎉 Happy CA Day! Celebrating Chartered Accountants Day 🎉

- @lawyer2ca

Today, we honour the backbone of the financial world – our Chartered Accountants! 📊💼

From ensuring compliance and maintaining the highest standards of financial integrity to providing strategic guidance and driving business growth, CAs play a pivotal role in the economic development of our nation. 🌟

🔍 Why We Celebrate CA Day: CA Day is celebrated on July 1st every year to commemorate the establishment of the Institute of Chartered Accountants of India (ICAI) in 1949. This day recognizes the dedication, hard work, and immense contributions of CAs in building a transparent and robust financial ecosystem.

📈 Celebrating the Excellence: Today, let's appreciate the relentless efforts of our Chartered Accountants who work tirelessly behind the scenes, ensuring financial stability and growth. Your expertise, precision, and ethical standards are truly commendable!

🌟 A Heartfelt Thank You: To all the CAs, thank you for your unwavering commitment to excellence and integrity. You are the unsung heroes of the financial world!

Here's to celebrating your achievements and looking forward to many more years of success and contribution. Happy CA Day! 🎉

#CharteredAccountantsDay #CADay #FinanceHeroes #icai #FinancialIntegrity #AccountingExcellence #CelebratingAchievements

[lawyer2ca]

🚁 Explosive Revelations in the AgustaWestland Scandal 🚁 - @lawyer2ca

A 225-page court document from Italy has been shared with Prime Minister Narendra Modi, potentially implicating high-profile politicians and bureaucrats from the Congress-led UPA era. 📜💥

#AgustaWestland