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MCA Launches Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) The Ministry of Corporate Affairs has introduced the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) to promote ease of doing business and allow companies to clear their backlogs with significantly reduced financial burdens. Since July 2018, companies have been facing a steep additional fee of ₹100 per day […]

Is Your Tax Strategy Built on a Social Media Link? Here’s Why It’s Risky In recent period, social media platforms are flooded with links and snippets of “landmark” judgments from various Tax Tribunals (ITAT/CESTAT), High Courts, and the Supreme Court. While staying informed is excellent, there is a dangerous trend emerging: the belief that a

Section 44AD: The Definitive Guide to Presumptive Taxation for Small Businesses (FY 2025-26) The Indian Income-tax Act, 1961, is often perceived as a maze of complex compliance and exhaustive bookkeeping. However, for small business owners, Section 44AD stands as a beacon of simplicity. By opting for the Presumptive Taxation Scheme, eligible taxpayers can shift their

Blocked Credit u/s. 17(5) of the CGST Act, 2017 – ITC That Cannot Be Claimed The fundamental principle of the Goods and Services Tax (GST) is the seamless flow of Input Tax Credit (ITC). However, this flow is not absolute. Section 17(5) of the CGST Act, 2017 specifies certain supplies where ITC is “blocked,” meaning

About this Tool This tool helps manufacturers, traders, and retailers quickly calculate the revised Maximum Retail Price (MRP) of goods whenever there is a change in the GST rate. By entering the old MRP and tax percentage, you can instantly find the new base price, updated GST amount, and the new MRP to ensure compliance

Income Tax Filing 2025: A Complete Guide – File early for benefits Understanding Income Tax Basics What is Income Tax? Income tax is a direct tax that individuals, HUFs, and entities pay to the government based on their income earned during a financial year. In India, the Income-tax Act, 1961 governs this taxation. Who Needs

Do Freelancers Need GST Registration? Income Tax Guide for Freelancers in India for 2024-25 Freelancing is booming in India, and more professionals are choosing flexibility and remote work over traditional jobs. But along with independence comes the responsibility of handling your own taxes. Two of the biggest questions every freelancer faces are: 👉 Do I

Gift from Relatives – Income Tax Exemption Explained [Section 56(2)(x)] Are you wondering whether gifts received from your family members are taxable? The good news is – gifts received from relatives are exempt from tax under the Indian Income Tax Act. But who exactly qualifies as a “relative” under the law? In this comprehensive guide,

TDS / TCS Rates for FY 2025-26 Please check this table for TDS/TCS rates applicable w.e.f. 01.04.2025 and also for the previous year 2024-25 TDS / TCS Rates for FY 2025-26 Sl. No Section Nature of Payment Threshold Limit(w.e.f. 01-04-2025) TDS/TCS Rate(w.e.f. 01-04-2025) Earlier Threshold Limit / Rate(Upto 31-03-2025) 1 193 Interest on securities Rs.10,000/-

Important GST Updates Effective January 2025 Here are the significant changes in the GST rates and rules effective from January 2025: The relevant notifications relating to the above are provided below : Click here to send an enquiry to us Click here to book an Online consulting appointment with us