Vol. 18, February 2023

15 February, 2023


          
            Vol. 18, February 2023

Where’s the Money, Honey!

The last month brought the budget with it and like all previous years the common man was waiting to see how he benefited. The article below is a journey about the hopes of the people who keep our country's economy ticking.

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Income Tax – Old Regime vs New Regime

The Indian tax system has undergone significant changes, with the introduction of a new tax regime that rivals the old one. For taxpayers, this addition has resulted in a new landscape of tax regulations, benefits, and liabilities. We have compared the two of them, highlighting the key differences between them.

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Retiring Soon? What’s your plan?

As a retiree, it's important to consider your investment options carefully in order to ensure that your savings will last throughout your retirement. One option to consider is investing in debt, such as bonds or other fixed-income securities. While investing in debt can offer some benefits, it is not necessarily the best choice for everyone, and it's important to weigh the potential pros and cons before making a decision.

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An explainer on Transfer Pricing

India's tax authority said on Friday it found evidence of unpaid taxes and undisclosed income in the records of BBC after concluding a three-day search of BBC offices in Mumbai and New Delhi. Some business to business transactions were found suspicious. One of the allegations apparently levelled against the British media house is that it flouted something called the ‘transfer pricing’ regulations.

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Caveat Emptor – Let The Buyer Beware

On a different note, in Business to consumer buying once a buyer is satisfied with the product’s suitability, then he has no subsequent right to reject such a product. The buyer purchases a product / service at his / her own risk after being assured of the quality of the product. They are required to use their own skill and judgment except in cases of FRAUD.

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