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MCA website ahut down till 13 july 2025

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🇮🇳 India vs UAE: The Income Tax Battle! 🇦🇪

Ever wondered why the UAE is a hotspot for expats? Let’s talk TAXES! 💸👇

🙄Income Tax on Salary🙄

🔹 🇮🇳 India:
👨‍💼 Progressive tax slabs from 5% to 30%
💼 Additional cess & surcharges apply
📑 Complex filing, deductions, exemptions
✅ Tax-saving options: 80C, HRA, etc.

🔹 🇦🇪 UAE:
✅ 0% Personal Income Tax
💰 You keep 100% of your salary
❌ No tax on bonuses, allowances, or freelance income
🛑 No tax filing headache for individuals!



For knowledge purpose only 😬

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🛑 BIG POWER MOVE by Adani! ⚡

Congratulations to

Adani Power Ltd has officially acquired Vidarbha Industries Power Ltd (VIPL) in Nagpur for ₹4,000 crore! 🔥

With this, Adani power becomes even stronger as India’s largest private thermal power producer, now operating over 18,000 MW of capacity! 💪

✅ VIPL is a 600 MW coal plant
✅ Boosts Adani’s presence in Maharashtra
✅ Part of Adani’s big plan to reach 30,000+ MW by 2030!

👉 This deal revives a struggling asset and brings fresh energy to the Vidarbha region 🔋

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🚨 Latest Update for Taxpayers! 💼💰

The Income Tax Department has released the updated list of banks available for the e-Pay Tax service on the e-Filing portal! 🏦✅

📅 Check out the “Latest Updates” Tax Dictionary or on the portal to know which banks are now live for seamless online tax payments. 🔍🖥️

💡 Stay informed, file on time, and avoid last-minute hassles.

Source:-
📲 Visit: https://www.incometax.gov.in

🔴🔴🔴Attention Partnership Firms! 🔴🔴🔴

Apply for TAN Before 31-03-2025

Section 194T made applicable From 01st April, 2025, where Partnership Firms are required to deduct TDS on Transactions of FY 2025-26.

Threshold Limit: Aggregate of payments during the Financial year Exceeding Twenty Thousand Rupees.

Transactions may includes

1. Salary Payment or Credit to Partner
2. Interest Payment or Credit to Partner
3. Bonus Payment or Credit to Partner
4. Commission Payment or Credit to Partner

News and Updates by GSTN

"Taxpayers are advised to make the payment on or before 31.03.2025 and file the waiver application on or before 30.06.2025"

**Relevant Points**

1.Do not Confuse between the due dates for payment of Taxes and Filing of Waiver Application under GST amnesty scheme.

2.GSTN has advised to make the payment of Taxes on or before 31-03-2025.

3.Waiver application can be filed on or before 30-06-2025

4.As per Notification 21/2024-CT dated 8.10.2024, the due date for payment of tax payable for availing wavier scheme is 31.03.2025.

5.Taxpayers are advised to use "Payment Towards Demand" functionality in GST portal for payment of Taxes.

Source: GSTN