Finin2min – Finance & Law Explained in 2 Minutes
India’s smartest Finance, Tax & Corporate Law Updates
Limits, GST QR Thresholds & Compliance Discipline (Finin2min) UPI has created a perfect banking trail—fast, convenient, and fully traceable.That transparency brings compliance responsibility, especially for salaried individuals, traders, and service…
Shift from Assessment Year to Tax Year — What Changes for Taxpayers (Finin2min) Status note (important):The Income-tax Bill, 2025 is a proposed law. All references below are based on Bill…
Case-Law Backed Practical Note (Finin2min) 1️⃣ STATUTORY FRAMEWORK (FOUNDATION) 🔹 Section 64(2) — Core Provision Where an individual transfers self-acquired property to an HUF otherwise than for adequate consideration,➡️ Income…
(Direct Tax | Finin2min) 1️⃣ Legal & Structural Comparison Parameter Individual HUF Tax status Separate assessee Separate assessee Legal origin By birth By status under Hindu law PAN Individual PAN…
Using a Hindu Undivided Family Correctly & Avoiding Clubbing (Finin2min | Direct Tax Explainer) 1️⃣ WHAT IS AN HUF? (LEGAL POSITION) Aspect Position under Income Tax Status Separate taxable person…
Why high-value transactions trigger scrutiny & how to stay notice-safe 1️⃣ The Big Picture (Finin2min View) Item Reality Data source AIS & Form 26AS Trigger High-value transactions not aligned with…
A Finin2min legal reality check 1️⃣ What Are These New E-Intimations? (At a Glance) Aspect What Taxpayers Are Receiving Mode Email / SMS / Portal message Sender Income Tax Department…
Miss a Step → Portal Acts. No Human Buffer. January 2026 marks a decisive shift in how GST and Income Tax compliances work.The portals are no longer passive filing platforms…
How to Correct Excess Tax on Leave Encashment for AY 2025-26 🔷 1. What Changed in Law? (At a Glance) Particular Earlier Position Revised Position Applicable section Section 10(10AA) Section…
(AY 2025–26 | FY 2024–25) Filing timelines under the Income-tax Act, 1961 are strictly enforced. However, the law also provides graded remedial mechanisms for taxpayers who miss deadlines. For Assessment…