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Attention Tax Professionals & Business Owners! Mark your calendars for these crucial tax deadlines in March 2025: • March 2 (Sun): Furnish challan-cum-statements for January’s tax deductions under Sections 194-IA, 194-IB, 194S, & 194M • March 7 (Fri): Deposit tax collections for February 2025 (All government offices must pay the credit of the Central Government on the day tax is paid without a challan) • March 15 (Sat): Fourth instalment of advance tax for AY 2025-26 Full payment of advance tax under the presumptive scheme (Sections 44AD/44ADA) Furnish Form 24G for February’s TDS/TCS (if paid without a challan) • March 17 (Mon): Issue of TDS Certificates for January’s tax deductions under Sections 194-IA, 194-IB, & 194S • March 30 (Sun): Furnish challan-cum-statements for February’s tax deductions under Sections 194-IA, 194-IB, 194M, & 194S • March 31 (Mon): File the Country-By-Country Report (Form 3CEAD) for previous AY 2023-24 Upload Form 67 for foreign income tax credit (for income return filed on time) Furnish an updated income return for AY 2022-23 Stay ahead and ensure timely compliance to avoid penalties. For expert guidance on tax compliance, visit: www.mavensmark.com, +91 9744847361 #TaxDeadlines #TaxCompliance #TaxTips #Finance #Accounting #MavensMark #ExpertGuidance

INR 30 Crores Startup Maha Rathi Challenge – Empowering Indian Startups The Startup Maha Rathi Challenge is a INR 30 crores initiative designed to support Indian entrepreneurs with funding, mentorship, and industry connections. Backed by DPIIT, Avaana Capital, LetsVenture, IVCA, HDFC, and other key partners, this competition aims to accelerate the growth of startups in 11 high-impact sectors, including AI, biotech, fintech, agritech, climatetech, mobility, defence, and spacetech. What’s in it for startups? ✔ Access to INR 30 crores in funding ✔ Expert mentorship from top industry leaders and investors ✔ Networking opportunities with key players in the startup ecosystem ✔ Special awards for startups from emerging states and union territories ✔ A chance to pitch live at the grand finale in Bharat Mandapam, New Delhi Key Dates 📅 Applications Opened: February 26, 2025 📍 Finale Event: April 3-5, 2025, at Bharat Mandapam, New Delhi If you’re a startup founder looking to scale, this is your opportunity to get funding, expert guidance, and industry connections to take your business to the next level. 📞 For Startup Consultation, Contact MavensMark 📲 +91 9744847361 | 🌐 ww.mavensmark.com #StartupMahaRathi #IndianStartups #Funding #Entrepreneurship #Innovation #StartupIndia #ViksitBharat2047 #TechStartups #Mentorship #Investment #BusinessGrowth #MakeInIndia

DPIIT & PAYTM – EMPOWERING FINTECH & MANUFACTURING STARTUPS DPIIT and Paytm have forged a strategic MoU to fuel the growth of fintech and manufacturing startups in India. Robust mentorship combined with regulatory guidance and market access forms the backbone of this collaboration. Paytm’s extensive merchant network and the support from DPIIT offer startups a dynamic launchpad for innovation and rapid scaling. The initiative also extends its support to deep-tech sectors such as Climate Tech, Web3, Agritech, and Mobility via the Paytm Foundation. CONTACT MAVENSMARK FOR EXPERT GUIDANCE ON STARTUP CONSULTATION +91 9744847361 | ww.mavensmark.com #Startups #Fintech #Innovation #Manufacturing #Entrepreneurship #India #MoU #Mentorship #RegulatorySupport #DeepTech #MavensMark

Wishing you a blessed Mahashivratri! May Lord Shiva's divine energy guide you towards success and prosperity. On this auspicious day, let us channel our expertise and optimize our endeavors, aligning with the transformative power of Shiva. May your journey be filled with growth and enlightenment. Har Har Mahadev!

Crypto Tax Compliance: Major Changes Coming in 2026! The Finance Bill, 2025 introduces significant amendments to India’s crypto taxation and reporting framework. If you're involved in crypto trading, investing, or managing digital assets, these changes directly impact you. Key Highlights of the New Crypto Tax Regulations: 📌 30% Tax on Crypto Gains (Section 115BBH) Profits from virtual digital assets (VDA) will continue to be taxed at 30%. No deductions allowed except the cost of acquisition. 📌 Expanded Crypto Definition (Section 2(47A)) The definition of VDA will now include any crypto-asset that represents value and relies on a cryptographically secured distributed ledger or similar technology. 📌 1% TDS on Crypto Transfers (Section 194S) Any payment for the transfer of crypto-assets will be subject to 1% tax deduction at source (TDS). This applies irrespective of whether the transaction results in a profit or loss. 📌 Mandatory Reporting of Crypto Transactions (Section 285BAA) A new section mandates that crypto exchanges and other reporting entities provide detailed transaction reports to tax authorities. Reporting will be done in a prescribed format, within a specific timeframe, ensuring transparency. 📌 Defective Statements & Rectifications If a submitted statement is deemed defective, the concerned party will be notified and given 30 days to correct the errors. 📌 Due Diligence Measures for Crypto Users The tax department will introduce new rules on how crypto users and owners should be identified. This aims to tighten compliance and prevent tax evasion. 📅 Effective Date: April 1, 2026 What Does This Mean for Crypto Traders & Investors? Higher compliance burden for individuals and businesses dealing in crypto. Increased scrutiny from tax authorities on digital transactions. Need for proper documentation and tax planning to avoid penalties. Stay Ahead of Crypto Tax Regulations! 🔹 Need expert guidance on how these changes affect your investments? 🔹 Confused about tax compliance and reporting requirements? 📞 Contact MavensMark for expert crypto tax advisory! 📲 +91 9744847361 🌐 www.mavensmark.com #CryptoTax #FinanceBill2025 #CryptoRegulations #IndiaCrypto #TaxCompliance #CryptoInvesting #CryptoIndia #Bitcoin #CryptoTaxation #Web3 #BlockchainRegulations

Finance Bill 2025: Key Changes for IFSC Fund Managers The Finance Bill 2025 introduces a simplified regulatory regime for fund managers based in the International Financial Services Centre (IFSC), India. Here’s a quick breakdown of the proposed changes: 🔹 Safe Harbour Condition ▪ Indian residents’ direct and indirect participation in an offshore fund must be less than 5% of the corpus to qualify for safe harbor. 🔹 Relaxation & Compliance Testing ▪ The 5% condition must be tested twice a year – on April 1st and October 1st. ▪ If a fund fails to meet the condition, a 4-month grace period is given for compliance. ▪ The government cannot relax this specific condition via notifications anymore. 🔹 Relaxation of Other Conditions ▪ The Central Government can still relax other conditions for eligible IFSC-based fund managers. ▪ The eligibility period is extended – Fund managers starting operations in IFSC on or before March 31, 2030, can now benefit (previously limited to March 31, 2024). 🔹 Effective Date: These amendments will come into effect from April 1, 2025. Why does this matter? ✅ Regulatory Clarity – Ensures a structured and predictable compliance framework. ✅ Foreign Investment Boost – Aligns IFSC with global financial hubs to attract offshore funds. ✅ Long-Term Growth – Encourages more fund managers to set up operations in IFSC. These updates position India’s IFSC as a stronger global financial hub, making it more attractive for offshore fund management. Need Expert Guidance on Tax Compliance? 📞 Contact MAVENSMARK Today! 📲 +91 9744847361 🌐 www.mavensmark.com #IFSC #TaxCompliance #FundManagers #SafeHarbour #OffshoreFunds #Investment #FinancialServices #RegulatoryUpdates #IndiaEconomy #MavensMark #TaxExperts

Finance Bill 2025: New Taxation Rules for Non-Qualifying ULIPs The Finance Bill 2025 introduces key changes in the taxation of Unit Linked Insurance Policies (ULIPs) that do not qualify for exemptions under Section 10(10D) of the Income-tax Act. Here's what you need to know: 🔹 Capital Asset Classification The definition of capital asset (Section 2(14)) now includes all non-qualifying ULIPs, including: ✅ High-Value ULIPs – Annual premium exceeds ₹2,50,000 ✅ Other Non-Qualifying ULIPs – Premium exceeds 10%/20% of the sum assured 🔹 Capital Gains Taxation Profits from the redemption of these ULIPs will be taxed as capital gains under Section 45 (1B). 🔹 Equity-Oriented Fund Inclusion Non-qualifying ULIPs will now be considered equity-oriented funds, impacting their tax treatment under Section 112A. 🔹 Effective From 📅 April 1, 2026 (Assessment Year 2026-27 onward) 🚀 Why This Matters? The government aims to ensure uniform taxation of ULIPs by removing past distinctions and aligning them with capital asset tax treatment. For more details, contact Mavens Mark at +91 97448 47361 or visit www.mavensmark.com #FinanceBill2025 #ULIP #Taxation #CapitalGains #PersonalFinance

Finance Bill 2025: Extended Tax Exemptions for IFSC The Finance Bill 2025 extends key tax exemptions for International Financial Services Centre (IFSC) until March 31, 2030, encouraging global investments and financial growth in India. 🔹 Key Amendments ✅ Section 80LA – IFSC tax benefits extended to March 31, 2030 for aircraft/ship leasing units. ✅ Section 9A – Fund managers get relaxed compliance; 5% Indian investment rule assessed twice a year with a 4-month adjustment period. ✅ Section 47(viiad) – Tax-free relocation of funds to IFSC extended to March 31, 2030. 📌 Effective from April 1, 2025 – This move strengthens India’s global financial competitiveness. 📞 Need tax compliance assistance? Contact MavensMark! 📲 +91 9744847361 🌐 www.mavensmark.com #FinanceBill2025 #IFSC #TaxExemptions #InvestmentOpportunities #IndianEconomy #MavensMark

🚨 Finance Bill 2025: Major Boost for IFSC Units with Tax Concession Extensions 🚨 The Finance Bill, 2025, has proposed significant extensions for tax concessions available to International Financial Services Centre (IFSC) units. The sunset dates for several key sections have been extended from March 31, 2025/2026, to March 31, 2030. This move aims to strengthen India's position as a global financial hub by encouraging investment in the IFSC ecosystem. Key Extensions & Impact ✅ Section 10(4D): Tax exemption for specified funds. The deadline for commencement of investment operations by Investment Divisions of non-resident International Banking Units (IBUs) has been extended from March 31, 2025, to March 31, 2030. ✅ Section 10(4F): Tax exemption on royalty/interest received by IFSC units from non-residents for leasing aircraft or ships. The deadline for starting operations has been extended from March 31, 2025, to March 31, 2030. ✅ Section 10(4H): Capital gains tax exemption for non-residents or IFSC units engaged in aircraft leasing. The exemption applies to the transfer of equity shares of domestic companies engaged in this sector. The previous sunset date of March 31, 2026, has now been extended to March 31, 2030. Why This Matters ✔️Extends tax benefits for key financial and leasing sectors. ✔️Encourages foreign investment in India’s IFSC ecosystem. ✔️Strengthens India's position as a global financial hub. The extended deadlines provide a greater window for businesses to establish and expand their operations within the IFSC, ensuring long-term growth in the financial sector. What are your thoughts on this move? Let’s discuss in the comments. ⬇️ Need expert guidance on tax compliance and financial structuring? Contact MavensMark today! 📞 +91 9744847361 🌐 www.mavensmark.com #FinanceBill2025 #TaxExemptions #IFSC #Investment #AircraftLeasing #FinancialServices #TaxCompliance #MavensMark

📢 Advisory on E-Way Bill Generation for Goods under Chapter 71 A critical update regarding the E-Way Bill (EWB) system for goods under Chapter 71 has been issued. Goods such as natural or cultured pearls, precious or semi-precious stones, and precious metals are exempt from mandatory EWB generation under Rule 138(14) of the CGST Rules, 2017. However, Kerala has made EWB generation mandatory for intra-state movement of these goods as per Notification No.10/24-State Tax dated 27/12/2024. If you are a taxpayer, transporter, or industry stakeholder dealing with goods under Chapter 71, this update is crucial for you. The National Informatics Centre (NIC) had earlier allowed voluntary EWB generation under the "EWB for Gold" category on the portal, but this facility has now been withdrawn. ✅ What does this mean for you? No EWB required for goods under Chapter 71 (except for HSN 7117 – Imitation Jewellery). Kerala has mandated EWB for intra-state movement of these goods. Ensure compliance with the latest advisory to avoid any penalties. 🔍 For further guidance and tax compliance support, contact us: 📞 +91 9744847361 | 🌐 www.mavensmark.com