AC Business Solutions

As we celebrate Makar Sankranti, a festival that marks new beginnings, growth, and the transition towards brighter days, we at AC Business Solutions extend warm wishes to all! 🌞✨

Just as Makar Sankranti symbolizes upward movement and prosperity, our mission is to support businesses and individuals in their journey toward financial clarity, compliance, and sustainable growth.

From Accounting & Financial Reporting to Taxation, MIS, and Statutory Compliances, we ensure that your financial operations rise smoothly and confidently—just like the kites in the sky today! 🪁📈

Wishing you and your loved ones a season filled with good harvest, new opportunities, and successful financial outcomes.

Happy Makar Sankranti! 🌾✨
– Team AC Business Solutions

🚨 Last Chance to File Your Income Tax Return! 🚨

The due date for filing Income Tax Return for FY 2024–25 is 31st December 2025.

Avoid last-minute stress, penalties, and notices by filing your return on time.

At AC Business Solutions, we help you stay compliant and stress-free with:

✔️ Tax-saving guidance
✔️ Return filing & detailed review
✔️ Financial data preparation
✔️ Timely deadline reminders

📌 Don’t wait until the deadline—take action today and file with confidence.

📞 Contact us: +91 9975446005

RBI Cuts Repo Rate by 25 bps — A Boost for Growth & Credit

Today, the Monetary Policy Committee led by Sanjay Malhotra announced a 25 basis-point cut in the repo rate, bringing it down to 5.25%.

Here’s why this matters:

Inflation remains subdued and well within comfort zones — giving the RBI room to ease.

Simultaneously, GDP growth has been robust, signaling healthy economic momentum.

The rate cut should encourage borrowing, spur consumer demand and investment activity, and potentially reduce EMIs and borrowing costs for households and businesses.

With the policy stance kept “neutral,” the RBI retains flexibility — signalling support for growth while keeping an eye on inflation and structural stability.

As professionals and enterprises, this change may translate into:

✅ Easier access to credit and cheaper loans

✅ An uptick in business investments and capital expenditure

✅ Tailwinds for demand in sectors relying on financing — real estate, infra, auto, consumer durable

📌 What to watch next: transmission of rate cut to bank lending rates, credit growth, and how businesses respond.

India’s New Labour Codes Are Now Officially Live — What Changes for Employers & Employees?

The Government of India has replaced 29 old labour laws with 4 modern Labour Codes, bringing significant reforms in wages, compliance, working hours, social security, and employment conditions.

Here’s a structured breakdown of the key changes:

1️⃣ New Wage Definition (Major Impact Area)

• Basic + DA must be at least 50% of the total salary.

• This will increase PF, Gratuity, Bonus, and Leave Encashment.

• Take-home pay may reduce slightly as inflated allowances are no longer allowed.

2️⃣ Appointment Letters Mandatory

• All workers — office staff, factory workers, housekeeping, drivers, technicians — must be provided with formal appointment letters.

3️⃣ Minimum Wages Apply to ALL Sectors

• Minimum wages now apply to:

IT, Retail, Startups, Agencies, Factory, Services — every industry is covered

4️⃣ Working Hours & Overtime Standardised

• Weekly limit: 48 hours

• Daily limit: 8–12 hours

• Overtime: 2× pay (only with employee consent)

• Digital attendance & OT records are compulsory.

5️⃣ Leave Policy Standardisation

• Earned leave & sick leave must align with the new Code.

• Uniform leave rules across all locations.

• Leave encashment will be higher due to new wage structure

6️⃣ Fixed-Term Employees Get Full Benefits

• FTEs will enjoy all benefits of permanent employees, including gratuity.

7️⃣ Women Can Work Night Shifts (With Safety Conditions)

Companies must ensure:

• Written consent

• Safe transport

• CCTV & security measures

• PoSH compliance

• No discrimination in wages or roles.

8️⃣ Health & Safety Rules Strengthened

• Annual health checkups for workers aged 40+

• Safety committees for factories/warehouses

•Better regulations for hazardous work

9️⃣ Hiring, Firing & Layoff Rules Updated

• Approval limit for layoffs/closure increased from 100 → 300 employees

• More flexibility for employers, with stricter compensation rules

• Standing Orders mandatory for establishments with 300+ employees

🔟 Contractor Compliance Tightened

Principal employer is fully liable for:

• PF/ESIC dues

• Timely payment of wages

• Worker record maintenance
Non-compliance by contractor → company bears the penalty.

1️⃣1️⃣ Social Security for Gig & Platform Workers

• Delivery partners, cab drivers, freelance digital workers will now receive new social security benefits.

1️⃣2️⃣ Full & Final Settlement Using New Wage Formula

F&F must follow the 50% wage rule for:

• Leave encashment

• Gratuity

• Notice pay

🎯Final Impact:

• For Employers: Higher compliance accuracy, simplified rules, and structural clarity.

• For Employees: Higher security, better benefits, and fairer treatment.

🚨 RBI’s New Rule on Bank Accounts – Effective Today!

Do you have a bank account you haven’t used in months?

You might be at risk of account closure.

Here’s what RBI’s new update means 👇

🏦 Dormant Account: No activity for 2 years

💤 Inactive Account: No transactions for 12 months

⚠️ Zero Balance Account: No minimum balance or transactions

Banks have started reviewing and closing non-operational accounts to curb fraud and improve compliance.

✅ Check your accounts today — a simple transaction can keep them active!

Hello Concern,

Here are some of the important filing updates effective October 1, 2025.

Latest Update!!

Tax Audit due date is extended from 30th September 2025 to 31st October 2025.