Month: September 2025
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How to Cancel an E-Invoice under GST: Procedure, Time Limits & Compliance Guide
Introduction With the rollout of e-invoicing under GST, every invoice generated by eligible taxpayers must be reported to the Invoice Registration Portal (IRP) and validated with a unique Invoice Reference…
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Essential Post-AGM Compliance Requirements for Listed Companies
The Annual General Meeting (AGM) represents a crucial milestone for listed companies, but the conclusion of the meeting marks the beginning of critical compliance obligations. Listed companies must navigate a…
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Professional Tax Calculation in Each State (As per State Acts): A Comprehensive Guide
Introduction Professional Tax (PT) is a state-imposed tax on income earned by individuals from employment, profession, or trade. It is levied under the authority of Article 276 of the Constitution…
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TDS Not Deducted? Why Even Zero-TDS Employees Must Be Reported in Quarterly Returns
Introduction A common misconception among employers is that if no TDS has been deducted from an employee’s salary, the employee does not need to be included in the quarterly Form…
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₹1,045 Cr in Fake Tax Deductions Detected – HRA, 80C Claims Now Under Watch
Table of Contents Why Salaried Taxpayers Are Under the Scanner The Income Tax Department is no longer looking at businessmen or large corporations alone. Salaried employees are now under intense…
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Taxation of Restaurant Services under GST
Introduction Restaurant services are among the most commonly consumed services in India. The Goods and Services Tax (GST) regime has introduced a streamlined tax structure for such services to bring…
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Confused by New Secretarial Auditor Rules? This Complete Guide Makes It Simple
Introduction The appointment of a secretarial auditor is a critical compliance requirement for listed companies under the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR)…
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Reverse Charge Mechanism (RCM) on Purchases from Unregistered Dealers
Current law, practical impact & compliance playbook (July 2025) 1. Why this issue keeps resurfacing When GST commenced on 1 July 2017, section 9(4) made every registered person liable to…
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TDS Correction vs. Revised TDS Return: Full Guide to Fixing TDS Filing Mistakes
Filing a TDS return isn’t always error-free. Common mistakes—like incorrect PANs, wrong challan details, or missing deductee entries—can result in mismatched credit, notices, or delays in Form 16/16A generation. Fortunately,…
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Quick Update – AY 2025-26
The Income-Tax Department has rolled out two much-awaited features on the e-Filing portal (incometax.gov.in): 1. ITR-2 now live for online filing From 18 July 2025, individuals and HUFs with capital…
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