# taxfiling
12 posts in `taxfiling` tag
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CBDT’s Latest TDS Rate Chart for AY 2025–2026: What Taxpayers Need to Know
The new TDS rate chart for AY 2025–2026, which details the relevant rates for residents and non-residents, has been made public by the CBDT. Important clauses, noteworthy modifications, compliance dates, and advice on implementing the most recent TDS rates into your financial procedures are all highlighted in this article. To guarantee timely tax filing and prevent fines, be informed.
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Big Relief for Taxpayers: CBIC Waives Late Fees for GSTR-9C Filing
Late costs for GSTR-9C files that were postponed from FY 2017–18 to FY 2022–23 have been forgiven by the Central Board of Indirect Taxes and Customs (CBIC). The 55th meeting of the GST Council accepted this plan, which permits taxpayers to file outstanding taxes by March 31, 2025, without incurring penalties. Businesses gain from the waiver because it promotes compliance, lessens financial strains, and streamlines the GST system. Discover its significance, qualifying requirements, and detailed application procedure in this extensive blog.
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GSTR-1 Updates: Mandatory HSN Code Reporting Explained for Taxpayers
With effect from February 2025, the GSTN has implemented Phase-3 modifications for HSN code reporting in GSTR-1 and GSTR-1A. These modifications are intended to improve compliance, guarantee standardization, and increase data accuracy. Businesses may face initial difficulties, but there are substantial long-term advantages. To guarantee a seamless transfer, get ready today.
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Deadline Alert: Everything You Need to Know About Section 87A Rebate
A substantial tax-saving opportunity is provided by the Section 87A refund to taxpayers with taxable income up to ₹5,00,000. Find out if you qualify, what the benefits are, and how to apply for this refund before the deadline of July 31, 2024. To optimize your tax savings, use myITRonline to ensure hassle-free tax filing or get expert help.
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GST Compliance: Important January 2025 Deadlines
In order to help taxpayers remain on top of the deadlines for GSTR-3B, GSTR-1, CMP-08, and other crucial forms, this blog summarizes the crucial dates for completing GST returns in January 2025. It also gives advice for seamless compliance and insights on how to prevent penalties through timely filing.
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Changes to GSTR-1 Filing Effective January 2025: A Detailed Guide
New GSTR-1 filing requirements take effect in January 2025. GSTR-3B reconciliation alignment, auto-populated data, improved e-commerce transaction reporting, and updated HSN code reporting criteria are some of the major changes. Find out how businesses may adjust and how taxpayers are impacted by these changes.
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Updates to the AY 2024–25 Income Tax Portal: Important Points and Taxpayer Advice
For AY 2024–2025, the Income Tax Department has released revised tools for ITR Forms 2 and 3. Now, taxpayers have the option to file their taxes online or offline and collect the Section 87A reimbursement. Find more about the changes, difficulties, and actions taxpayers should take to ensure smooth compliance.
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Joint vs. Separate Tax Returns: Which Filing Status Fits Your Needs?
Married couples might choose to file their taxes individually or jointly. This blog examines the benefits and drawbacks of each choice, assisting you in making a decision depending on your particular situation.

Income Tax and GST Compliance Deadlines for January 2025
In January 2025, be ahead of your tax and GST responsibilities. In order to ensure timely filings and prevent penalties, this thorough guide assists taxpayers and businesses in keeping track of the important deadlines for income tax and GST compliance. Find out when TDS deposits, ITR filings, GST returns, and other important dates are due.
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2025 Compliance Calendar: Important Business and Tax Due Dates for On-Time Submissions
To guarantee a seamless tax season, the 2025 Compliance Calendar gives people and companies important dates for filing taxes, submitting GST returns, and paying TDS. Businesses may stay out of trouble and maintain smooth operations by complying on schedule.

Simplification of the Income Tax Act 1961: No New Rates, Just Easier Compliance
Without altering tax rates, the ongoing review of the Income Tax Act of 1961 seeks to enhance compliance and streamline tax regulations. This project aims to improve digital integration, eliminate out-of-date provisions, and make the Act easier to use. It is anticipated to be finished by mid-December 2024, and taxpayers can anticipate more transparency and lower compliance expenses.
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Understanding Section 194A: Tax Deduction on Interest Income
The Income Tax Act's Section 194A, which requires the deduction of tax at source from interest income, is examined in this blog. It addresses filing methods, TDS rates, exclusions, and the section's application. For individuals and corporations to maintain compliance and efficiently handle tax liabilities, it is imperative that they comprehend Section 194A.