# taxfiling
12 posts in `taxfiling` tag
Missed the Tax Deadline? Here’s How to Fix It (Without the Stress)
Missed the July 31 tax due date? You can still file a belated return until December 31. Learn about the late fee, interest on unpaid tax, loss carry forward limits, and the easy step-by-step process to file and e-verify your return.
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By Krishna
Got an Intimation Under Section 143(1)? Here’s What to Do
Received an Income Tax notice (143(1) intimation)? Learn the clear steps to fix errors, including when to file a Revised Return (if the mistake is yours) or a Rectification Request (if the mistake is the department's).
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By Krishna
GSTR-9 Annual Return FY 2024-25: Avoid Scrutiny with This Checklist
A clear, practical checklist for filing GSTR‑9 for FY 2024‑25. Covers revenue matching, ITC accuracy, RCM compliance, import alignment, reconciliation, and common filing pitfalls to help avoid scrutiny and penalties.
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By Krishna
GSTR-9 Exemption for Small Businesses: Latest Update Explained
The government has permanently exempted businesses with turnover up to 2 Crores from filing GSTR-9. The move aims to reduce compliance burden while ensuring monthly and quarterly GST filings continue.
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By Krishna
New Income Tax Rules Effective December 2025: Key Updates
The Income Tax Department has introduced key updates effective December 1, 2025, focusing on real-time TDS error alerts, significantly faster ITR refund processing (7 days), strict AIS/26AS income matching rules, and an increased late filing penalty of ₹7,500 for high-income taxpayers.
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By Krishna
MVAT & PT Returns Deadline Extended for October 2025 Updated Filing Schedule
The Maharashtra government has extended the deadlines for filing MVAT and Professional Tax returns for October 2025. Payment due dates remain unchanged, and interest applies if taxes are paid late. Taxpayers now have additional time to file returns correctly and avoid late fees. This update helps businesses manage compliance efficiently and avoid penalties by following the revised dates.
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By Krishna
New Income Tax Return Forms and Rules: What You Need to Know
The government is set to introduce simplified income tax return forms under the Income Tax Act, 2025 by January 2026, replacing the long-standing Income Tax Act, 1961. These new forms aim to make tax filing easier, reduce compliance burdens, and improve transparency. Refunds are being processed, with larger claims expected by December 2025. The CBDT is confident of meeting its ambitious ₹25.20 lakh crore direct tax collection target for FY26, supported by strong growth. Taxpayers should prepare for the new system, which takes effect from April 1, 2026.
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By Krishna
Key Changes in GSTR-9 and GSTR-9C for FY 2024-25: Everything You Should Know
The GST portal has opened GSTR-9 and GSTR-9C for FY 2024-25 with a filing deadline of December 31, 2025. This guide explains the key changes in both forms, filing thresholds, auto-population details, and practical tips to file on time and avoid penalties—written in clear, simple language.
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By Krishna
Income Tax Return & Audit Report Deadlines Extended for AY 2025–26
The Central Board of Direct Taxes (CBDT) has extended the deadlines for filing Income Tax Returns and audit reports for the Assessment Year 2025–26. This move offers relief to taxpayers and professionals by giving them more time to complete their filings.
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By Krishna
Difference Between Original, Revised, and Updated ITR A Complete Guide
This blog explains the differences between Original, Revised, and Updated Income Tax Returns (ITR) in India. It covers filing timelines, applicable sections, fees, and practical examples to help taxpayers choose the right return type and avoid penalties.
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By Krishna
GSTR-9 and GSTR-9C Filing for FY 2024-25 is Now Open
The GST portal has enabled GSTR-9 and GSTR-9C forms for FY 2024-25 starting October 12, 2025. Taxpayers can now file their annual returns and reconciliation statements before the December 31 deadline. Learn who needs to file and how to prepare.
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By Krishna
GSTN Clarifies: No Change in ITC Auto-Population from GSTR-2B to GSTR-3B
GSTN has issued a clarification confirming that the auto-population of Input Tax Credit (ITC) from GSTR-2B to GSTR-3B remains unchanged, even after the implementation of the Invoice Management System (IMS). GSTR-2B will continue to be generated automatically on the 14th of every month. This update helps clear confusion and reassures taxpayers that their filing process remains stable.
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By Krishna