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ITR Series: Day 7: Myths You Must Unlearn Before Filing Income Tax Return

TaxationJune 15, 202511Views 0Likes 0Comments

Table of Contents Overview Myth 1: ITR Filing Is Required Only If You Have Tax Payable Myth 2: Salaried Individuals Don’t Need to File ITR as TDS Is Already Deducted Myth 3: If You Miss the Deadline, You Can File Anytime Without Issues Myth 4: Students and Freelancers Are Exempt from ITR Filing Myth 5: Filing…

ITR Series Day 6: PAN And AADHAAR – What’s Mandatory and What’s Not

TaxationJune 13, 202510Views 0Likes 0Comments

Table of Contents Overview Understanding PAN and Aadhaar Key Deadlines and Mandates Consequences of Non-compliance How to link PAN with Aadhaar Special considerations for NRIs. Final Thoughts Overview Ever tried opening a bank account or filing your ITR without linking PAN and Aadhaar? It’s like trying to start a car without the key! 🔐 As…

ITR Series:Day 5: Document Checklist for a Hassle-Free ITR Filing.

TaxationJune 12, 202511Views 0Likes 0Comments

Table of Contents Overview General Documents (For All Taxpayers) For Salaried Individuals For Self- Employed/ Business Owners For Rental Income For Capital Gains For Income From Other Sources For Deductions and Exemptions Quick Tips Summary Checklist Wrapping Up Overview Filing your Income Tax Return (ITR) can feel like a breeze, but only if you’ve got your…

ITR Series:Day 4: Know Your Deadlines – All About ITR Filing Due Dates.

TaxationJune 11, 202510Views 0Likes 0Comments

Table of Contents Overview ITR Filing Due Dates for FY 2024-25 (AY 2025-26) Who Needs to File By Which Date? Consequences of Late Filing Benefits of Timely Filing What You Should Do Now? Overview Filing your Income Tax Return (ITR) on time isn’t just about ticking a legal box — it’s a smart financial habit that…

ITR Series: Day 3: Types of ITR Forms- Which one is right for you?

TaxationJune 10, 202512Views 0Likes 0Comments

Table of Contents Overview What’s New for FY 2024-25? ITR Form Snapshot: Who should file what? Breakdown of each ITR FormITR-1 (Sahaj) – “Simple & Straightforward” ITR-2 – “For the Investor & Global Earner” ITR-3 – “The Business Mind” ITR-4 (Sugam)– “Presumptive & Proud” ITR-5 – “The Entity Return” ITR-6 – “Corporate Compliant” ITR-7 – “For…

ITR Series: Day 2: Do You Really Need to File ITR? Let’s Decode It.

TaxationJune 8, 202512Views 0Likes 0Comments

Table of Contents Overview Who must file an ITR in India? Who should file an ITR , even if its not mandatory? Quick Eligibility Checklist What is FY and AY ? Wrap Up …

ITR Series: Day 1: What is Income Tax Return? Start here with this Beginner’s Guide

TaxationJune 6, 202510Views 0Likes 0Comments

Table of Contents Introduction to the 30-Day ITR Series Why Income Tax Matters? What is an ITR (Income Tax Return)? What’s the need for filing ITR? NIL income tax returns- No Income?- File Your Return Anyway! Why Filing ITR for Deceased Loved Ones Matter More Than You Think? Why Filing ITR Makes Sense (Even If Not Mandatory)…

Reassessment under section 147 of the Income Tax Act: A Practical Playbook

TaxationJune 2, 202515Views 0Likes 0Comments

Table of Contents Overview Reassessment Basics: What section 147 of ITA allows Pre-2021 Framework The 2021 Framework: Structured, Not Spontaneous The Finance Act, 2024: What Changed Changes proposed in ITB Time Limits for Issuing Reassessment Notices (Section 149 of ITA / Proposed ITB Section 282) Practical Strategy for Tax Professionals: A Defensive & Proactive Approach Judicial…

Annual Compliance Calendar AY 2025-26 (FY 2024-25)

Compliance CalendarApril 1, 202511Views 0Likes 0Comments

Annual Compliance Calendar AY 2025-26 (FY 2024-25) Month Date Particulars Category April 4/10/2024 GSTR 7/8 for Mar 2024 GST 4/11/2024 GSTR 1 Monthly for Mar 2024 GST 4/13/2024 1.GSTR 1 QRMP for Q4 FY 2023-24 2.GSTR-5/6 for Mar 2024 GST 4/14/2024 TDS Certificate u/s 194IA,194IB ,194M and 194S for TDS in Feb 2024 Income Tax 4/15/2024 PF/ ESI Payment for Mar 2024 PF/ESI 4/18/2024 CMP 08 Q4 FY 2023-24 GST 4/20/2024 GSTR 3B, GSTR-5A Monthly Mar 2024 GST 4/22/2024 GSTR 3B Q4 FY2023-24…

Your Money, New Rules: Finance Bill 2025-26 explained (Direct Tax)

TaxationFebruary 28, 202515Views 0Likes 0Comments

Table of Contents Introduction Revised Tax Rates for AY 2026-27 (FY 2025-26)Individual & HUF Rebate under section 87A Corporate & Other Entity Tax on Foreign Companies Investment & Employment Boosters: Key Tax IncentivesIncentives for IFSC Presumptive Taxation for Non-resident companies in electronics manufacturing Extension of startup tax benefits Simplification & Rationalization MeasuresCharitable Trusts &…

Union Budget 2025-26: What’s New, What’s Next

Budget & PoliciesFebruary 14, 202512Views 0Likes 0Comments

Table of Contents Overview Key focus areas Vision for Viksit Bharat Tax Reforms and Simplification Agriculture and Rural Development Initiatives MSMEs and Industry Infrastructure Boost Social Welfare Programs Balancing Growth and Fiscal Disciplin Conclusion Overview The Union Budget 2025-26 is more than just a financial blueprint—it’s a strategy to utilize India’s resources effectively. This budget plays…

Corporate Governance: Balancing Profit and Principle

Legal ComplianceJanuary 16, 202514Views 0Likes 0Comments

In India's race towards Industry 4.0, we're becoming a center of tech-driven innovation, embracing Demand-Driven Digital Supply Chains, a thriving Startup Ecosystem, and smart factories. Buzzwords like sustainability, social responsibility, and self-reliance are as common as chai stalls on every corner. While we champion ease of business and entrepreneurial spirit, corporate governance remains a crucial…

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