Category: Taxation

In India, certain businesses are required to obtain GST registration. This includes businesses whose annual turnover exceeds the prescribed limit, those engaged in interstate supply of goods or services in cases where registration is required and other businesses that are required to register under the GST law. GST registration is obtained by filing an application […]

The Income Tax Department has launched the new TRACES portal (TRACES 2.0) , introducing a major transformation in how TDS and TAN-related compliances will be handled in India. This update comes along with the implementation of the Income Tax Act, 2025, which becomes effective from 1 April 2026. Earlier, all TDS-related work was managed through […]

If you want to withdraw PF money, or if you are earning interest from a bank or any other income where TDS may be deducted, earlier the government gave an option to submit Form 15G or 15H so that TDS would not be deducted. But now Form 15G and 15H have been discontinued. A new […]

Form 145 is the updated version of the earlier Form 15CA, and it is used when a person wants to send money from India to a foreign country. This process is also known as outward remittance. The form must be submitted before the money is transferred, as it helps the Income Tax Department understand the […]

The Intimation Letter, under Section 143(1), is issued by the Income Tax Department (ITD). It is received by taxpayers after their Income Tax Return (ITR) has been successfully processed by the Department. In this blog post, we shall explain the key details about this letter. Intimation Letter Meaning In Indian taxation law, intimation letter means […]

Many taxpayers are still waiting for their income tax refunds for Assessment Year (AY) 2025–26. Recently, the Central Board of Direct Taxes (CBDT) Chairman shared an official clarification about why refunds are being delayed, when they will be released, and what taxpayers should do if their refund is stuck. This article covers all important details. […]

GST stands for Goods and Services Tax. It is an indirect tax levied on supply of goods and services. Under the GST regime, a registered taxpayer can claim GST refund if they have paid excess tax to government. In this blog post, we shall explain how to claim GST refund. What is GST Refund? GST […]

When it comes to taxes, disagreements between taxpayers and the income tax department are quite common. But what happens when you don’t agree with a tax order? That’s where the Income Tax Appellate Tribunal (ITAT) plays a crucial role. The ITAT is an independent platform that ensures fairness by hearing appeals from both taxpayers and […]

The Income Tax Department plays a crucial role in collecting revenue from individuals and businesses through Income Tax Returns (ITR). Every year, a deadline is set for filing ITRs, ensuring timely compliance and proper management of the tax system. For the current assessment year, the department had already extended the due date till 15th September, […]

The nutraceuticals industry is set to grow faster after the latest GST reforms. Union Minister of Commerce and Industry, Shri Piyush Goyal, announced this at the Bharat Nutraverse Expo 2025. He said the GST rate cuts will increase consumption demand and create a win-win situation for both businesses and consumers. GST Cuts to Encourage Higher […]