lawyer2ca

[lawyer2ca]

Thinking of incorporating a company in Prague, Czech Republic? - @lawyer2ca

Whether you're expanding globally or setting up your first European entity, Lawyer2CA® can help you navigate incorporation, banking, compliance, and beyond.

Get in touch with the Global Chamber of FinLegal Excellence.

#CompanyIncorporation #CzechRepublic #Lawyer2CA #GlobalBusiness #FinLegalExcellence

[lawyer2ca]

Honoured to be a Panelist at the ERIC Startup Event, Delhi University - @lawyer2ca

Our Founder, Anirudh Bagai is proud to be part of an incredible startup event hosted by the Entrepreneurship, Research, and Incubation Center (ERIC) at Delhi University.

It was a pleasure to join fellow panelists and investors including Vanshika Mehta, Himanshu Jain, Rahul Lakhmani, Dr Sanjeen Sawhney and Abhishek Gulati.

Events like these are a reminder of the incredible potential in student entrepreneurship — and Lawyer2CA is proud to support them!

Kudos to the entire team at ERIC!

#Startups #StudentFounders #DelhiUniversity #Entrepreneurship #ERIC #Lawyer2CA

[lawyer2ca]

MSME Innovative Design Scheme – Govt. Grant up to ₹40 Lakhs - @lawyer2ca

The Government of India is offering grants of up to ₹40 lakhs (covering 75% of project costs) to MSMEs for developing new product designs and prototypes under the MSME Innovative Design Scheme.

Eligibility:

✅ MSME registered (Micro or Small) engaged in manufacturing

✅ Must employ a qualified Industrial Designer for the project

Process:

➡️ Submit a proposal to an Implementing Agency (IITs, NITs, IISc)

➡️ After screening & approval, the agency forwards recommendations to the authority

Approved projects receive funding in three stages (Concept – 40%, Detail Design – 30%, Completion – 30%)

Project completion timeline: 1 year

Assessment Criteria:

Innovation potential & IP creation

Commercial viability & market impact

Cost efficiency, sustainability, and safety improvements

For details & applications, visit innovative (dot) msme (dot) gov (dot) in.

If you've applied, let’s connect and exchange insights!

[lawyer2ca]

🚀Shaping the Future of Luxury Gaming: Invicta’25 - @lawyer2ca

We are thrilled to share that Anirudh Bagai, Founder of Lawyer2CA, has been invited as a Judge at Invicta’25, hosted by Grandeur - The Consulting and Knowledge Cell of Shaheed Sukhdev College of Business Studies, University of Delhi on 28th March 2025.

This year’s case competition, “The Billionaire’s Playground: Crafting Dubai’s First Luxury Casino,” presents a thought-provoking challenge—developing a game-changing Go-To-Market strategy for Noir Casino amidst Dubai’s evolving luxury and regulatory landscape.

Anirudh Bagai will be joining industry leaders and sharp minds in discussing business strategy, market positioning and innovation in one of the most dynamic industries. His expertise in finance, strategic growth, and market expansion will add valuable insights to this competition.

📅Event Date: 28th March 2025

📍 Invicta’25 - Shaheed Sukhdev College of Business Studies, University of Delhi

🎯 Case Topic: The Billionaire’s Playground

💡 Focus: Business Strategy | Luxury Markets | Market Entry

We can’t wait to see the innovative solutions participants bring to the table! If you're attending, let’s connect and explore how we can shape the future of luxury gaming together.

#Invicta25 #BusinessStrategy #MarketExpansion #LuxuryGaming #AnirudhBagai #Finance #Entrepreneurship #SSCBS #Lawyer2CA

[lawyer2ca]

Our Founder Joins Startup Nexus 2025! 🚀

We are delighted to share that Anirudh Bagai, Founder of Lawyer2CA, has been invited as an Investor and Panelist at Startup Nexus 2025, hosted by ERIC – Entrepreneurship, Research, and Incubation Centre, College of Vocational Studies, University of Delhi, on April 4, 2025!

As part of this collaboration, Anirudh Bagai will contribute through:

✅ Panel Discussion – Sharing expert insights on entrepreneurship, startup growth, and investment strategies with students, founders, and ecosystem leaders.

✅ Startup Pitch Evaluation – Reviewing and providing constructive feedback on innovative student-led startup pitches, focusing on market viability, scalability, and funding potential.

✅ Networking & Mentorship – Engaging in one-on-one interactions with students, faculty, and emerging entrepreneurs to foster meaningful connections and mentorship opportunities.

At Lawyer2CA, we are committed to empowering startups with the right financial and legal knowledge to scale successfully. Startup Nexus 2025 promises to be a hub of innovation, collaboration, and inspiration, and we’re excited to be a part of it!

📍 Event Date: April 4, 2025

📍 Venue: College of Vocational Studies, University of Delhi

Looking forward to an engaging and insightful session with the next generation of innovators! 💡✨

#StartupNexus2025 #Entrepreneurship #StartupEcosystem #Investor #Mentorship #Innovation #Lawyer2CA #DelhiUniversity #ERIC #StartupGrowth #Networking

[lawyer2ca]

🚨 Income Tax Changes for Partnership Firms Effective from April 1, 2025 🚨 - @lawyer2ca

The Finance Act 2024 brings two significant tax changes for Partnership Firms and LLPs:

✅ Higher Limits for Partner Remuneration

✅ New TDS Requirement under Section 194T

🔹 Revised Partner Remuneration Limits

From AY 2025-26, firms can pay partners more while keeping these payments tax-deductible:

➡️ First ₹6,00,000 of book profit: ₹3,00,000 or 90% (whichever is higher)

➡️ Remaining book profit: 60%

🔹 Introduction of TDS on Partner Payments (Section 194T)

💡 10% TDS will be deducted if a partner receives over ₹20,000 annually

💡 No exemptions via Form 15G/15H or Section 197

🔹 Non-compliance penalties:

⚠️ 30% disallowance of expenses

⚠️ Interest penalty of 1% per month for not deducting TDS and 1.5% per month for not depositing the TDS

⚠️ ₹200 per day for non-filing of TDS returns

With these changes, firms must act now to stay compliant and avoid penalties. Let’s prepare in advance!

#IncomeTax #PartnershipFirms #FinanceAct2024 #TDS #TaxUpdates #Compliance

[lawyer2ca]

May your Holi celebration be infused with vibrant colors, laughter, and boundless joy! Wishing you a joyous festival of love, happiness, and unity - @lawyer2ca

#HappyHoli2025 #FestivalOfColors

[lawyer2ca]

🚀 Our Founder Joins Finesta 2025 as a Judge! 🚀

We are honoured to announce that Lawyer2CA’s Founder, Anirudh Bagai was invited as a judge for Finesta, the flagship finance and entrepreneurship competition at Miranda House, University Of Delhi’s annual fest, Croesus 2025!

📅 Date: 27th February 2025

📍 Venue: Miranda House, University of Delhi

Finesta is a prestigious platform where aspiring entrepreneurs showcase their financial expertise, strategic thinking, and problem-solving abilities through quizzes, case submissions, and live presentations.

As a judge, our founder had the honor of evaluating innovative ideas and mentoring bright young minds eager to make an impact in the business world.

A heartfelt thank you to the Entrepreneurship Cell, Miranda House for this incredible opportunity to engage with the next generation of leaders.

#Entrepreneurship #Finance #Croesus2025 #Finesta #MirandaHouse #Leadership #Innovation #Lawyer2CA

[lawyer2ca]

Budget 2025 Update: No Tax Relief for Crypto Investors! 💸

- @lawyer2ca

The Indian government has made its stance on crypto clear in Budget 2025—no changes in the 30% tax rate or 1% TDS on transactions. Instead, new compliance requirements have been introduced, making it even more crucial for investors and traders to stay updated.

🔹 No reduction in tax rates—Crypto gains still taxed at 30% 📉

🔹 1% TDS continues on transactions 💰

🔹 More compliance obligations for investors 📑

Unreported Virtual Digital Assets (VDAs) are now classified as undisclosed income, attracting a 60% tax + 50% penalty! 📉💸

#cryptocurrency #Budget2025 #taxes #Investing #cryptotax #blockchain #Lawyer2CA

[lawyer2ca]

Highlights of Budget 2025 - @lawyer2ca®️

✅Credit Cards for Micro Enterprises: Customised Credit Cards with a ₹ 5 lakh limit for micro enterprises registered on Udyam portal

✅Credit Guarantee cover for Micro & Small Enterprises increased from ₹ 5 Crore to ₹ 10 Crore

✅Explanation explaining the meaning of ‘plant and machinery’ at the end of section 17 of CGST Act, 2017 shall apply to Section 17(5)(d) also; With the proposed insertion of new explanation, the effect of the judgement of Hon’ble SC in case of M/s Safari Retreat case of Safari Retreats Private Limited giving a separate meaning to ‘plant or machinery’ has been done away with.

#Lawyer2CA #entrepreneur #IncomeTax #UnionBudget2025 #NirmalaSitharaman #finance #Global #indian #Budget2025

[lawyer2ca]

Highlights of Budget 2025 - @lawyer2ca®️

✅Changes in TDS:

> Section 194I (Rent): Proposed threshold to be ₹ 50,000 per month or part of month (not applicable on individual or HUF) from ₹ 2,40,000 in a Financial Year

> Section 194J (Fees for professional services, technical services, etc): ₹ 50,000 from ₹ 30,000

✅No TCS to apply on remittance made under the Liberalised Remittance (LRS) Scheme for purpose of education if the remittance is financed by a loan obtained from specified financial institution(s)

✅Threshold to apply TCS on remittances under LRS Scheme and overseas tour program package to be increased from ₹ 7,00,000 to ₹ 10,00,000

#Lawyer2CA #entrepreneur #IncomeTax #UnionBudget2025 #NirmalaSitharaman #finance #Global #indian #Budget2025

[lawyer2ca]

Highlights of Budget 2025 - @lawyer2ca®️

✅The income tax slabs under the new regime are:

Up to ₹ 4 lakh - 0% tax

Between ₹ 4 & 8 lakh - 5% tax

Between ₹ 8 & 12 lakh - 10% tax

Between ₹ 12 lakh & 16 lakh - 15% tax

Between ₹ 16 lakh & 20 lakh - 20% tax

Between ₹ 20 lakh & 24 lakh - 25% tax

Above ₹ 24 lakh above - 30% tax

✅Standard deduction of ₹ 75,000 for the New Alternate Tax Regime

✅For the New Alternate Tax Regime cases, there will be no tax if the total income is up to ₹ 12.75 lakhs

✅The timeline to file an updated tax return for any assessment year extended from two to four years from the end of that assessment year; The additional tax payable with such updated tax return to be 60 per cent of the interest and tax liability if filed in the third year and 70 per cent if filed in the fourth year

✅Tax payers to be allowed to claim the annual value of 02 self occupied properties (previously 01) without any conditions (previously conditions attached).

#Lawyer2CA #entrepreneur #IncomeTax #UnionBudget2025 #NirmalaSitharaman #finance #Global #indian #Budget2025

[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