Filing income tax returns can feel confusing, especially when you are not sure whether all your taxes have been recorded correctly. That is exactly where Form 26AS helps. Form 26AS is like your tax passbook. It shows every tax that has been deducted from your income and deposited to the government against your PAN. If … Read more
Income tax plays a vital role in the economic development of India. Every earning individual, professional, or business entity is required to understand income tax rules and comply with them on time. With digital transformation, the government introduced the income tax e filing portal to make tax filing easier, faster, and more transparent for taxpayers … Read more
India’s direct tax collections for FY 2025-26 have shown a steady year-on-year (YoY) growth of 7%, signaling strong revenue performance driven by higher corporate profitability and rising personal income levels. However, the 18% decline in refunds has caught attention, suggesting tighter scrutiny and faster processing of genuine tax dues by the Income Tax Department. Strong … Read more
Is Tax Audit Compulsory for Companies? – Complete Guide A tax audit is one of the most important compliance requirements under the Indian Income Tax Act, 1961. Many business owners, startups, and even company directors often ask: Is tax audit compulsory for companies? In this blog, we’ll explain what a tax audit is, the conditions … Read more
GST and Tax Calculator – Simplifying Your Tax Calculations Managing taxes can be confusing for many individuals and businesses. Whether you are a salaried employee, freelancer, or business owner, knowing the exact tax liability helps you plan better. This is where a GST and Tax Calculator comes in handy. It not only saves time but … Read more
Can One GST Be Used for Multiple Businesses? – Complete Guide If you are an entrepreneur in India managing more than one business, you might be wondering: Can one GST registration be used for multiple businesses? This is a common question among small business owners, startups, and growing enterprises. To run a business smoothly, it … Read more