# taxcompliance
12 posts in `taxcompliance` tag
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Income-tax Fifth Amendment Rules 2025: Reporting Changes for Business and Securitization Trusts
The Income Tax Fifth Amendment Rules 2025 include major modifications to the reporting requirements for business trusts and securitization trusts. This blog discusses the significant revisions, new timetables, and what they mean for taxpayers and investors.
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A Comprehensive Guide to the Updated TDS Rate Chart for FY 2025-26 (AY 2026-27)
This blog includes a thorough TDS rate chart for the fiscal year 2025-26 (assessment year 2026-27). It includes TDS rates for a variety of payments such as wages, interest, rent, professional fees, and more. The site also discusses critical TDS compliance considerations such as PAN requirements, quarterly installments, and penalties for noncompliance. Stay up to speed on the newest TDS rates to guarantee a smooth tax filing experience.

Understanding the Supreme Court’s Review of CGST Act Section 168A
The Supreme Court is reviewing the legality of CGST Act Section 168A, which allows deadline extensions for tax compliance. This blog delves into the implications for taxpayers, the legal challenges, and potential outcomes of this significant case.
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CBDT Circular No. 3/2025: A Comprehensive Guide to TDS on Salaries for FY 2024-25
CBDT Circular No. 3/2025 provides detailed guidelines on TDS deduction from salaries under Section 192 for FY 2024-25. This blog covers tax regimes, employer responsibilities, and compliance steps to ensure accurate tax computation and timely TDS payment.
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CBDT Extends Form 56F Filing Deadline for AY 2024-2025
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing Form 56F for Assessment Year 2024-2025 to March 31, 2025. This extension provides relief to businesses operating in Special Economic Zones (SEZs) who face challenges in obtaining the required accountant's report. Learn about the reasons behind the extension, its implications, and how it benefits taxpayers.
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Key Updates on Presumptive Taxation in the Income Tax Bill 2025
Small enterprises, professionals, and independent contractors would all be impacted by the substantial changes to presumptive taxation brought about by the Income Tax Bill 2025, especially under Section 58. Important adjustments include clarifications on deductible costs, conformity with tax simplification objectives, and limitations on loss set-offs. This blog examines the ramifications of these modifications, how they affect taxpayers, and practical measures for financial planning and compliance.
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Clause 123: New Rules for Tax Deductions in 2025
The Income Tax Bill 2025 introduces Clause 123, replacing Section 80C, to streamline tax-saving deductions. This blog explores the implications of this change, how it affects taxpayers, and what it means for future tax planning. Learn about the unchanged deduction limits, eligible investments, and the simplified tax structure under Clause 123.
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How Section 44AD Helps Small Businesses Save Time and Money on Taxes
Section 44AD of the revenue Tax Act provides a presumptive taxation structure for small enterprises in India, enabling them to report revenue based on a specified proportion of sales. This blog discusses eligibility, benefits, income computation, and how it makes tax compliance easier by eliminating the need for comprehensive recordkeeping and tax audits.
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GST Amnesty Scheme: Essential Elements & Due Dates
The GST Amnesty Scheme is a relief initiative by the government for taxpayers who have missed GST return filings or face compliance issues. This blog explains its key features, eligibility, advantages, and deadlines to help businesses take advantage of the scheme and avoid penalties.
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CBDT Updates Form 49C: What Non-Residents Need to Know
Form 49C has received important revisions by the CBDT, and for non-residents whose income is derived from India, electronic filing is now compulsory. This blog delves into the main alterations, their effects on foreign taxpayers, and provides a step-by-step manual for online submission of Form 49C.

Section 80C Removed in 2025: New Rules and How to Stay Tax-Efficient
To make tax compliance easier, the government has eliminated Section 80C from the Income Tax Bill 2025 and merged it with Section 123. This blog examines the ramifications of this change, its effect on taxpayers, and how to adapt financial planning strategies in response.
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Income Tax Bill 2025 vs. Income Tax Act 1961: New Utility Tool for Simplified Comparison
To make it easier to compare the Income Tax Bill 2025 with the Income Tax Act 1961, as amended by the Finance (No. 2) Act 2024, the Income Tax Department has released a Utility Tool. This application ensures improved compliance and lowers mistakes by assisting businesses, professionals, and taxpayers in understanding legal changes. Discover how to utilize this tool and the advantages it offers to different stakeholders.