Category: Income Tax Filing

Private Limited Companies registered under the Companies Act, 2013 are required to comply with various Registrar of Companies (ROC) filing requirements to ensure smooth business operations and avoid penalties. ROC filings include submitting annual returns, financial statements, and other statutory documents within specified due dates. In this article, we’ll explain the key ROC filing requirements, […]

Every business owner dreams of running a successful company without unnecessary stress. However, along with profits and growth comes the responsibility of following certain legal requirements. One such critical requirement is ROC Annual Compliance. Under the Companies Act, every registered company in India must file its annual returns and financial statements with the Registrar of […]

The Income Tax Bill 2025, effective April 1, 2026, introduces significant changes to NRI tax residency rules, especially impacting high-income NRIs and Persons of Indian Origin (PIOs). These amendments redefine how residency status is determined and could considerably affect tax liabilities. Understanding the new framework is crucial for effective tax planning and compliance. Current NRI […]

Planning to return to India after spending years abroad? 🛬 Before you make the move, it’s important to understand how your residential status under the Indian Income Tax Act impacts your tax liability. Even a small difference in the number of days you stay in India can significantly affect whether your global income gets taxed [...]

Micro, Small, and Medium Enterprises (MSMEs) play a crucial role in the growth of the Indian economy by contributing significantly to employment, exports, and industrial production. To encourage and support these businesses, the Government of India provides several benefits through MSME registration (also known as Udyam Registration). If you are a small business owner, registering [...]

Filing Income Tax Returns (ITRs) for FY 2024-25 has become stricter and more detailed compared to earlier years. The Income Tax Department has introduced new reporting requirements, tightened claim verifications, and deployed AI-based tools to track hidden incomes and false deductions. Here are the most important updates every taxpayer—especially NRIs—should keep in mind while filing […]

An Income Tax Return (ITR) is a form that taxpayers submit to the Income Tax Department of India to report their income, deductions, and taxes paid during a financial year. Each ITR is filed for a specific financial year that runs from 1st April to 31st March of the following year. ITR Filing Status Till […]

An income tax refund is issued when the total tax paid to the government exceeds your actual tax liability for a given financial year. This excess payment can occur due to higher TDS deductions, advance tax payments, or errors in tax calculation. Taxpayers can claim a refund while filing their Income Tax Return (ITR), and [...]

Tax Deducted at Source (TDS) is collected by the Income Tax Department on different types of income, including salary, interest, rent, commission, and professional fees. However, there are situations where the TDS deducted is higher than your actual tax liability. In such cases, you can claim a TDS refund online while filing your Income Tax [...]

For startups and growing companies, raising fresh funds is an important milestone. It brings new opportunities for expansion and growth. However, with every increase or change in share capital, there comes an equally important responsibility — complying with ROC (Registrar of Companies) requirements. Failure to report such changes on time can lead to penalties, affect […]