How to Change Company Name in India? MCA Process & Documents
The change of name of company procedure is governed by Section 13(2) read with Section 4(2)/(3) of the Companies Act, 2013, along with Rules 8 and 29 of the Companies (Incorporation) Rules, 2014.
GST for Service Businesses: Rules Every Consultant Should Know
Here's the thing about taxes on services in India — a consultant doesn't sell a physical product, so it's tempting to assume the tax rules are lighter. They're not. Under GST (which replaced the old service tax regime), a service is just as taxable a "supply" as a product is
Income Tax Notice Received? Types of Notices and What You Should Do
Before you react to any it notice, confirm it actually came from the Income Tax Department. Every valid income tax notice carries a Document Identification Number (DIN) — this is non-negotiable proof of authenticity.
Tax Audit Report Due Date Extended to 21 October 2026: What Changed and Who Benefits?
Here's the mechanic that a lot of people miss: under Section 44AB of the Income-tax Act, the "specified date" for furnishing a tax audit report is statutorily tied to fall exactly one month before the due date for furnishing the return under Section 139(1).
Capital Gains Tax in India 2026: Types, Tax Rates, Calculation & Tax Saving
Capital gains tax applies to profits arising from the transfer of capital assets such as land, buildings, shares, mutual fund units, gold and certain other investments.
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.