RMH
KIROKAZE
Lint Roller? I Barely Know Her
cherry valley forever
JBB: An Artblog!
JVL
PR's Tumblrdome
Cosmic Funnies
art blog(derogatory)
No title available
blake kathryn
Jules of Nature
Monterey Bay Aquarium
izzy's playlists!
tumblr dot com
Show & Tell
YOU ARE THE REASON
No title available
Not today Justin
oozey mess
seen from Greece
seen from United States
seen from Germany
seen from United States
seen from United States
seen from United Kingdom
seen from United States
seen from Japan
seen from Canada
seen from United States
seen from United States
seen from Singapore
seen from Austria
seen from United States
seen from United States
seen from United States
seen from United States
seen from United States
seen from United States
seen from Portugal
@babatax
Union Budget 2026: Key Expectations, Sector Signals, and the Road to Viksit Bharat
As India prepares for the Union Budget 2026–27, scheduled for presentation on February 1, 2026, the atmosphere is one of high anticipation. This budget arrives at a critical juncture where India aims to solidify its position as the world’s fastest-growing major economy amidst shifting global trade dynamics. Industry experts suggest that Budget 2026 will not be a collection of…
View On WordPress
CBDT Extends Due Date for Filing Tax Audit Reports for AY 2025–26
In a major relief for taxpayers and professionals, the Central Board of Direct Taxes (CBDT) has announced an extension for filing various audit reports under the Income-tax Act, 1961. The due date for the Previous Year 2024–25 (Assessment Year 2025–26) has been extended from 30th September 2025 to 31st October 2025. Why Was the Extension Granted? The decision comes after several representations…
View On WordPress
No refund on ITR AY 2025-26 until Income Tax Department completes investigation on you
Tax Refund: The income tax returns (ITR) filing for AY 2025-26 started at the end of May this year, and so far, more than 75 lakh returns have been filed. Of these, about 71.1 lakh returns have been e-verified, according to the details shared by the I-T department on its official website. Earlier, the number of ITRs processed used to be updated regularly on the website, but now that data is no…
View On WordPress
Stay Active: Link PAN with Aadhaar Before It’s Too Late
Link PAN, The Permanent Account Number (PAN) and Aadhaar are mandatory identifying documents for Indian citizens, issued by the Income Tax Department and the Unique identification Authority of India, respectively. To streamline tax administration, the Income Tax Department has enforced the linkage of PAN and Aadhaar numbers. Failure to link these documents disables the PAN, limiting its use in…
View On WordPress
New GST Mandates from April 2025: MFA, E-Invoicing & More
New GST compliance landscape will alter in a number of ways beginning on April 1, 2025. This includes limiting the generation of E-Way Bills (EWBs) to prevent fraudulent activities and mandating multi-factor authentication (MFA) for access to the GST portal. To be compliant, firms that are registered for GST should take notice of the important requirements and implementation dates. A number of…
View On WordPress
Top 10 Income Tax Updates You Must Know – Effective April 1, 2025
The Budget 2025 included significant amendments to the Income Tax Act 1961 in an effort to simplify India’s tax system. These modifications will go into effect on April 1, 2025, and they will apply starting in FY 2025–2026. All of the significant changes that one needs to be aware of in order to appropriately plan their finances for FY 2025–2026 will be covered in this article. Read also:…
View On WordPress
GST Invoice Furnishing Facility (IFF): Features, Updates & Filing Guide
The new Invoice Furnishing Facility (IFF) procedure on the Goods and Service Tax (GST) Portal is made possible by the Goods and Service Tax Network (GSTN). The quarterly GSTR-1 taxpayers have the option to use the Invoice Furnishing Facility (IFF) to upload their monthly invoices. A small assessee with a revenue only Rs 1.5 cr is a quarterly GSTR-1 taxpayer. According to rules 59 of the CGST…
View On WordPress
Year-End Compliances to be Completed Before 31st March 2025
As we approach the end of the financial year 2024-25, it is crucial for individuals, professionals, and businesses to ensure that all tax and regulatory compliances are completed before 31st March 2025. Timely compliance helps avoid penalties, interest, and unnecessary scrutiny. Here’s a comprehensive checklist of important year-end tasks: 1. Income Tax Planning and Deductions Verify total…
View On WordPress
TCS Rates Under Income Tax for FY 2025-26
Tax Collected at Source (TCS) is a tax that sellers collect from buyers at the time of sale of specified goods and services. Under the Income Tax Act, 1961, certain transactions attract TCS at predefined rates. With each financial year, the government may revise these rates to align with economic policies and revenue objectives. This blog provides a comprehensive overview of the TCS rates…
View On WordPress
TDS Rate Chart FY 2025-26: Comprehensive Guide to Tax Deduction at Source
Tax deduction at sourc (TDS), was first implemented by the Indian Income Tax. A percentage of the tax is withheld by the payer before paying the remaining amount when you get income from sources such as interest, rent, or a salary. On your behalf, the government receives the TDS that has been withheld. The Government of India uses the TDS percentage chart to calculate the TDS rates for FY…
View On WordPress
Key Changes in Form 16, Form 24Q, and Surcharge Rates
Form 16, A new circular from the Central Board of Direct Taxes (CBDT) contains the updated guidelines for salary tax deductions under section 192 of the Income Tax Act of 1961. The changes made to the Finance Acts of 2024 and 2023 are also included. With effect from July 1, 2023, the Income-tax (Fifth Amendment) Rules, 2023, have modified Form No. 16, which will be used for the 2024–2025…
View On WordPress
ITR-U: Updated Income Tax Return – Eligibility, Filing & Time Limits
The form known as ITR-U, or Updated Income Tax Return, enables you to update your previous ITR and correct any mistakes or omissions. After the relevant evaluation year ends, it can be filed within two years. In the Union Budget 2022, the government introduced the idea of updated returns. It is not possible to file amended or belated ITRs after the AY’s December 31st. To fix small mistakes or…
View On WordPress
Key Financial and Regulatory Changes Taking Effect from March 1, 2025
Financial and Regulatory changes, Personal finances will be impacted by a number of significant changes that take effect on March 1, 2025, such as alterations to SEBI nomination rules, LPG pricing, and FD interest rates. Many major changes that will impact several aspects of daily life will occur at the beginning of March. Among the changes that will go into effect on March 1, 2025, are updates…
View On WordPress
GST on Electronics & Electrical Items: Classification, Rates & Impact
GST, India’s expanding digital landscape is built on electronic devices. Of course, one step in simplifying their taxation is to include them within the GST. VAT, service tax, and excise duty have all been replaced by GST, which can range from 5% to 28% on electronics. Compared to the combined taxation scheme, the GST rate on electronics is somewhat higher. As a result, buyers now pay a…
View On WordPress
Depreciation Rates For Financial Year 2025-26 (AY 2026-27)
According to the Income Tax Act of 1962, which establishes separate depreciation rates for various asset types, depreciation on assets used or obtained for business or professional purposes must be calculated. What is Depreciation? The distribution of an asset’s cost over its useful life is known as depreciation. It is a required deduction that is shown in an entity’s profit and loss statements…
View On WordPress
GST and the Indian Entertainment Industry: Impact, Challenges, and Future Prospects
The media and entertainment sector is one of the fastest-growing industries in India. Encompassing various segments such as films, television, radio, digital media, and gaming, this sector plays a crucial role in the economy. It is projected to grow at a Compound Annual Growth Rate (CAGR) of 12%, aiming to reach ₹4.30 trillion by 2025. The introduction of the Goods and Services Tax (GST) in India…
View On WordPress
GST on Hotels & Food: Rates, Impact & Analysis
This article presents the findings of an impact analysis on the restaurant and food industries, which are very close to our hearts or, more accurately, our stomachs. We assist you in comprehending the GST on food items, the GST on restaurants, and the GST-affected appearance of a restaurant bill. We also describe how the GST rates on food at hotels and freestanding restaurants differ from one…
View On WordPress