Month: September 2025
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GST on Foreign AI & Cloud-Based Subscriptions
(ChatGPT, Grok, Midjourney, Canva Pro, Microsoft 365, Slack, GitHub Copilot & more) 1. Why this matters Indian companies—from boutique CA firms analysing data with ChatGPT to SaaS start-ups designing UI…
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ITR Filing Alert for Salaried Employees Holding Foreign RSUs (Infosys, TCS, Swiggy & Others)
Many professionals working in top Indian companies like Infosys, Wipro, TCS, ICICI Bank, Axis Bank, Zomato, Swiggy, MakeMyTrip, CGI, and others are being granted foreign RSUs (Restricted Stock Units) by…
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11 Mandatory Statutory Registers Every Company Must Maintain Under Companies Act, 2013
Introduction The Companies Act 2013 mandates every company to maintain specific statutory registers to ensure transparency, accountability, and proper governance. These registers serve as crucial documents that contain vital information…
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GST Ledger Mix-Up: A Practical Fix for CGST & SGST Claimed as IGST
1. What the law says about “wrong-head” ITC Provision / Guidance Key point Practical impact s. 16(2) CGST Act (basic ITC conditions) Credit can be taken only for the tax…
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Why a Salaried Employee Is Taxed on “Gross Salary” While a Businessperson Is Taxed on “Net Profit”
Contents “Equality does not mean identity of treatment but equality of burden, viewed in the context of the object of the tax.” – Supreme Court (various rulings) 1. Overview &…
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Understanding GSTR-1A Filing: A Complete Guide
GSTR-1A is back in action, and it’s one of the most important tools businesses must understand to avoid mismatches between outward supply returns (GSTR-1) and summary returns (GSTR-3B). Starting July…
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ITR Form Wise Availability for AY 2025-26
The Income Tax Return (ITR) season for Assessment Year (AY) 2025–26 is well underway, but several forms—particularly ITR-2, ITR-3, and ITR-5—have seen significant delays in utility releases and online filing…
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Income Tax Treatment for Returning Indians
1. Background & Typical Timeline Imagine you spent April – July 2024 on an H-1B assignment with a US employer, earned a salary there, and—because your US payroll team insisted—filed…
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Key Steps to File ITR-3 for Income from Business
The Income Tax Return Form ITR-3 is applicable to individuals and HUFs having income from business or profession. With the growth of freelancing and stock trading in India, many taxpayers…
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ITR-2 and ITR-3 on Winman CA-ERP: Current Status (as of today)
🎯 Official Excel Utilities from Income Tax Department – The Income-tax Department released the latest Excel-based utilities for ITR-2 and ITR-3 (version 1.8) on January 4, 2025, facilitating offline filing for…
Stox N Tax 