Associate TG
MahaKumbh 2025 MahaKumbh 2025, set to take place in the sacred city of Prayagraj, is gearing up to be a historic event. Known as one of the largest religious gatherings in the world, MahaKumbh brings together millions of devotees, saints, and tourists, making it not just a spiritual event but a massive economic opportunity. With … Read more
Understanding the Provisions of Section 139(8A) for Filing an Updated Return Under the Income Tax Act, 1961 Updated Return Under the Income Tax Act, 1961 The Income Tax Act, 1961, provides several provisions that allow taxpayers to rectify mistakes or omissions in their filed returns through updated returns. Section 139(8A) is one such provision that … Read more
Implementation of Mandatory Mentioning of HSN Codes in GSTR-1 & GSTR-1A Mandatory Mentioning of HSN Codes in GSTR-1 & GSTR-1A As part of the ongoing efforts to streamline Goods and Services Tax (GST) compliance, the GST Network (GSTN) has rolled out Phase-III implementation for Table 12 of GSTR-1 and GSTR-1A, effective from the January 2025 … Read more
Due Date for GSTR-1 and GSTR-3B Filing Due Date for GSTR-1 and GSTR-3B Filing The Goods and Services Tax Network (GSTN) has announced a crucial extension for taxpayers regarding the filing of GSTR-1 and GSTR-3B returns. This decision, issued through Notification No. 01/2025 – (CT) and Notification No. 02/2025 – (CT), both dated January 10, … Read more
Cash Transactions That May Attract Up to 100% Penalty Under Income Tax Law Cash Transactions That May Attract Up to 100% Penalty Under Income Tax Law The Income Tax Department has implemented stringent rules to regulate cash transactions and ensure tax compliance. Non-adherence to these regulations can result in significant penalties, sometimes up to 100% … Read more
