What Is a Belated Return? How to File, Penalty & Due Date Explained?
In simple words, a belated return is the income tax return you file after the original deadline has passed but before the final cut-off date allowed by law. It is governed by Section 139(4) of the Income Tax Act, which specifically deals with belated itr filing income tax return cases.
Income Tax Refund: How to Claim & Track Status? FY 2025-26
In simple words, an Income Tax Refund is the money the government returns to you when you have paid more tax than what you actually owe. For example, if your employer deducted TDS of Rs 25,000 during the year, but your actual tax liability turns out to be only Rs 18,000, then the difference of Rs 7,000 becomes your tax refund income.
What Is a Tax Audit? Tax Audit Due Date, Limits, Section 44AB Eligibility
Section 44AB of the Income Tax Act, 1961 governs audit of income tax for businesses and professionals whose turnover or gross receipts cross a prescribed threshold. If your turnover is large enough, the law requires a Chartered Accountant to examine your books before you file your ITR.
GST Registration is Mandatory in India: 10 Cases Where Turnover Limit Does Not Apply
Most business owners believe that GST registration is only needed once their turnover crosses ₹40 lakh for goods or ₹20 lakh for services. This is true in general, but it is not the complete picture. The law also lists certain categories of businesses that must register for GST compulsorily, no matter how small their turnover is — even if it is zero.
ITR Filing Last Date FY 2025-26 (AY 2026-27): What Happens If You Miss the Due Date?
FY 2025-26 (Financial Year): This is the year in which you actually earned your income — from 1 April 2025 to 31 March 2026. AY 2026-27 (Assessment Year): This is the year in which you file your return and get that income assessed — from 1 April 2026 to 31 March 2027.
NRI ITR Filing in India (2026): Documents Required, Due Date, and Step-by-Step Process
NRI ITR filing refers to the process by which a Non-Resident Indian reports their India-sourced income to the Income Tax Department and pays applicable tax, if any. Your non resident indian status is determined not by your citizenship or passport, but purely by the number of days you have stayed in India during a financial year.
Opening a Clinic? Registrations Every Doctor Needs Before Starting Practice
Before we get into the list, let us understand why this matters. Running a clinic without proper registrations can lead to heavy fines, legal notices, or even forced closure. Patients also trust clinics that follow proper rules.
15 Common Tax Filing Mistakes to Avoid in 2026
It is that time of the year again. The Income Tax Department has opened the ITR e-filing portal, your employer has issued Form 16, and your phone is buzzing with reminders. But before you rush to click Submit, stop and read this.
Pending ROC Filing? Fix It Before the Notice Arrives
The Registrar of Companies (ROC) is a government authority under the Ministry of Corporate Affairs (MCA) that oversees the registration and regulation of companies and LLPs in India.
Director Disqualification: Causes, Consequences & Solutions in India
The core rules governing who can and cannot manage a company are laid out in section 164 of companies act 2013. This specific section explains the legal boundaries for the qualification and disqualification of director positions in India. If a person falls into any of the traps mentioned in this section, they lose their right to hold office.