Relief has been given to the taxpayers by the Income Tax Department wherein some time has been given in filing the Income Tax Returns (ITRs) of the financial year 2024-25. The subsequent deadline of non-audit cases has been moved to September 15, 2025, instead of the previous one, that of July 31, 2025. The extension…
In the crowded financial hub, where businesses thrive and individuals seek financial stability, the role of an ITR filing consultant is indispensable. Income Tax Return (ITR) filing is a complex and crucial task, requiring expertise and meticulous attention to detail. This article discusses the intricate roles and responsibilities of an ITR filing consultant, shedding light…
The bustling city of Delhi is also the financial powerhouse of the country wherein the Income Tax Return (ITR) filing consultants play a crucial role in helping individuals and businesses comply with tax regulations. The role of an ITR filing consultant extends far beyond the simple act of filing taxes; it involves navigating a complex…
Whether you’re a sole trader, a limited company director, or a freelancer, filing a self-assessment tax can be daunting. It is essential to get ahead of the curve and start sorting the self-assessment tax now. This blog post will offer helpful pointers and recommendations on maximizing this tax season and efficiently completing your self-assessment tax….
The Income Tax Return, or ITR, as it’s commonly known, is an official document that you should file every year as per government regulations. While it might seem like another tedious government requirement, filing your ITR is necessary if you want to avoid some severe consequences. If you desire to learn more about this topic…
The tax audit covers a series of procedures capable of preventing the company from having problems with the Tax Authorities. Understand the importance! Some still believe that tax auditing is not an advantage for organizations. However, this practice can avoid a series of problems for companies, including receiving fines and sanctions for problems with the…
India has a very complicated tax structure and even more complicated dispute resolution system. The system gives a tax-payer opportunity to go against the tax department for any grievance via appeals at various levels starting from Commissioner (Appeals) to the Supreme Court, which is the Apex Court in India. As a result, there is a…
The Central Board of Indirect Taxes and Customs (CBIC) in India has introduced new rule 86B in CGST (Central Goods and Services Tax) Rules vide notification number 94/2020 dated 22.12.2020. The rule 86B became effective from 01.01.2021. As per the stated rule, a registered person shall not use the amount available in electronic-credit ledger to…
There are various topics which can be seen as debatable since the implementation of GST as each one of us have our own set of interpretation therefore such areas are considered to be inconclusive. An effort has been made to bring clarity on such equivocal topics and update with recent changes which are relevant for…
Covid-19 has created a havoc worldwide and people are struggling hard to barely survive in this uncertain environment. People are stranded in different parts of the world on account of lockdown, quarantine and suspension of travel both domestic and international. Due to this, people are facing difficulties even in completing their tax compliances under the…
