Starting April 1, the New Income Tax Act, 2025, will be implemented, marking a significant update to the tax legislation that has been in place for over sixty years. This new law will integrate the modifications introduced in the 2026–27 Budget, reflecting the latest adjustments in tax policy. Significant modifications concerning the taxation of salaried individuals, corporations, Hindu Undivided Families (HUFs), and other entities, as outlined in the 2026–27 Budget on Februa

The Annual GST Return is a key compliance demand, which is often overlooked until a departmental notice is issued. For Financial Year 2024-25, the deadline to file the GST Annual Return (GSTR-9) and the self-certified reconciliation statement (GSTR-9C) is December 31, 2025. For most GST-registered entities, this is the final and most significant compliance obligation of the year, serving as the comprehensive reconciliation of all monthly and quarterly filings. As the filing d

Google Ads has assumed a significant role in nearly all practical Indian businesses, offering a platform for running online advertising campaigns. Therefore, since Google charges all business advertising for free in India, in some cases, advertisers are required to comply with Tax Deducted at Source (TDS) rules under the Income Tax Act. The Most Important Issues Facing Advertisers Google charges the total invoice amount inclusive of GST If payment is made before deduction, TD

The Goods and Services Tax (GST) was implemented in 2017, but India had not held a GST Practitioner (GSTP) exam since 12 December 2019. As a result, thousands of aspiring tax professionals faced uncertainty. The 2019 GSTP exam was officially announced as the final opportunity for individuals from the previous tax regime, including Sales Tax Practitioners (STPs) and Tax Return Preparers (TRPs), to qualify under the transition provisions. Such candidates are hereby informed tha

High-Value IT Refund Cases Spark Search Surge In the Indian market, income tax refunds have become one of the most searched topics over the past week. Google Trends indicates a surge in queries about refund delays, income tax refund status, and questions such as, When will I receive my income tax refund? This increase follows a recent statement by CBDT Chairman Ravi Agarwal, who confirmed that the department is investigating several high-value and red-flagged refund claims. A

The Indian Income Tax Act offers various deductions that enable salaried individuals to lower their taxable income. One prominent provision is the House Rent Allowance (HRA), which has traditionally been a popular exemption under the old tax regime. However, with the new tax regime introduced in 2020, there have been significant changes to how HRA is treated, with this new framework becoming the default option starting from FY 2023-24. This article provides a comprehensive ov

As the 2025 tax season in India approaches, one document is becoming increasingly important for salaried workers: Form 16. This form was once regarded as only a simple salary certificate. Form 16 has evolved into an important document for handling your finances, specifically in the existing digital world. With data being monitored online and stringent norms to follow, it is crucial to comprehend why Form 16 is crucial. Main Pillar of Salaried Tax Compliance Under the tax laws

It is important for every company to accurately pay its employees and with the specified time. The Human Resources (HR) team is responsible for this important task, as accurate payroll is essential to maintain the trust of the company.  Workers may feel upset or confused if mistakes are there in their paychecks. Thus, effectively managing salary calculations is important. Manual conduct of calculation can take much time and may cause errors. Therefore, desktop payroll softwar

For accountants, professionals, and business owners dealing with income tax and TDS (Tax Deducted at Source) returns can be difficult...

In the important digital tax compliance era, businesses in India would be required to choose the correct GST software to support tasks...

In the field of taxation and compliance software, SAG Infotech Private Limited is a trusted name. It is Rajasthan’s first SEBI-authorised...

In India, one of the most important aspects of the tax system is Tax Deducted at Source (TDS). It is essential to file the correct TDS...

Businesses with the introduction of the Goods and Services Tax (GST) in India need to comply with the updated norms to stay adherent. The...

Businesses, professionals, and compliance officers in this changing world of tax rules and regulations would be required to stay updated...

Taxpayers, like professionals and tax practitioners, with the beginning of the new fiscal year, are seeking appropriate and reliable...

Gen Complaw software is been trusted by many company secretaries (CS) who handle their necessary filings with the Registrar of Companies...

For assessment year 2025-26 (financial year 2024-25), the Income Tax (I-T) Department has reported income tax returns, enabling the...

Taxpayer registered in the QRMP (Quarterly Return Monthly Payment) scheme to prevent interest and penalty on late fees are reminded by...

The Income Tax Return (ITR) filing season has begun! Starting April 1, 2025, taxpayers can file their returns for the assessment year...

The motive of the Income Tax Bill, 2025, is to make the income tax return (ITR) filing more structured and user-friendly. The proposed...