The Company Compliance Fresh Start Scheme, 2026 (CCFS-2026) provides a one-time opportunity for companies to regularize delayed statutory filings, apply for dormant status, or proceed with striking off at significantly reduced fees, along with conditional immunity from penalties. The scheme will remain valid from 15 April 2026 to 15 July 2026. ...
Continue readingThe Company Compliance Fresh Start Scheme, 2026 (CCFS-2026) provides a one-time opportunity for companies to regularize delayed statutory filings, apply for dormant status, or proceed with striking off at significantly reduced fees, along with conditional immunity from penalties. The scheme will remain valid from 15 April 2026 to 15 July 2026. ...
Continue readingThis is to bring to your attention that the Income Tax Act 1961 stands repealed w.e.f 01.04.2026 by virtue of section 536 of Income Tax Act 2025. Further, as per section 397(3)(f) of Income Tax Act, 2025, deductor/collector may make a e-TDS correction statement within two years from the end of the tax year in which such statement is required to be delivered under the said clauses or under section 200 of the Income-tax Act, 1961. Consequent to the above, correction statements for FY 2018-19 (Qtr. 4), FY 2019-20 to 2022-23 (Qtr. 1 to Qtr. 4) and FY 2023-24...
Continue readingWe are delighted to provide you an analysis of the Union Budget presented by the Union Finance Minister Ms. Nirmala Sitharaman in the Lok Sabha on 1st February 2026. We have provided you an executive summary as well as the detailed analysis of all the direct and indirect tax proposals. We have made our best effort to summarize the key changes in simpler manner under this budget highlights. Trust the same would be found useful in understanding the taxation proposals. Please click here for accessing the entire document Budget 2026 ...
Continue readingThis is to inform you that the Government of Karnataka has issued a notification dated 15 April 2025 under the Karnataka Tax on Profession, Trades, Callings and Employments (Amendment) Act, 2025. As per the notification, the Professional Tax rates are: • ₹200 per month (except for the month of February) • ₹300 for the month of February Please find the attached Advisory Note and Notification for detailed reference. Kindly ensure that you all deduct Rs. 300/- per employee for the month of February 2026. ...
Continue readingThe last date for filing a Belated Return or a Revised Return for FY 2024–25 is 31st December 2025. 📌 Key Points for Your Attention • If the original Income Tax Return was not filed within the prescribed due date, it can be filed as a Belated Return. • If the original return has already been filed and any correction or modification is required, the same can be done by filing a Revised Return. • Both belated and revised returns must be filed on or before 31st December 2025. After this date, filing of returns for FY 2024–25 will...
Continue readingThis is to gently inform you that, as per the provisions of the Foreign Exchange Management Act (FEMA) and the relevant regulations issued thereunder, entities that have made Overseas Direct Investment (ODI) outside India are required to file the Annual Performance Report (APR) with the Reserve Bank of India (RBI) on an annual basis. 📌 Due Date The APR for the Financial Year 2024–25 is required to be filed on or before 31st December 2025. If you require any assistance, clarification, or support in relation to the preparation or filing of the APR, please feel free to reach out to us. We shall...
Continue readingThis is to gently inform you that, as per the provisions of the Foreign Exchange Management Act (FEMA) and the relevant regulations issued thereunder, entities that have made Overseas Direct Investment (ODI) outside India are required to file the Annual Performance Report (APR) with the Reserve Bank of India (RBI) on an annual basis. 📌 Due Date The APR for the Financial Year 2024–25 is required to be filed on or before 31st December 2025. If you require any assistance, clarification, or support in relation to the preparation or filing of the APR, please feel free to reach out to us. We shall...
Continue readingThe last date for filing a Belated Return or a Revised Return for FY 2024–25 is 31st December 2025. 📌 Key Points for Your Attention • If the original Income Tax Return was not filed within the prescribed due date, it can be filed as a Belated Return. • If the original return has already been filed and any correction or modification is required, the same can be done by filing a Revised Return. • Both belated and revised returns must be filed on or before 31st December 2025. After this date, filing of returns for FY 2024–25 will not be permitted under the Income-tax...
Continue readingWe are pleased to present our monthly newsletter for the month of November 2025...
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