For most salaried individuals, salary income is the primary source of earnings. While paying taxes is mandatory, the Income Tax Act of India offers various deductions and exemptions that can help you reduce your taxable income and save money. In this blog, we’ll explain the important deductions available to salaried employees, so you can plan
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Simplify Your Finances with GST2ITR – Expert GST, ITR & Company Registration Services
Simplify Your Finances with GST2ITR – Expert GST, ITR & Company Registration Services IntroductionManaging taxes and business compliance in India can be complex—but it doesn’t have to be. At GST2ITR, we provide expert financial services including GST filing, Income Tax Return (ITR) filing, and company registration to help individuals, startups, and businesses stay compliant and
ITR Updates Till August 2025 – Recent Changes, Extended Deadlines & Regulatory Enhancements
As of August 2025, the Indian tax ecosystem has undergone several notable updates. From filing extensions and form revisions to new tax relief measures and emerging digitization projects, here’s everything you need to know. 📅 Extended Filing Deadlines & ITR‑U Launch The Income Tax Department has extended the ITR filing deadline for the fiscal year
GST Updates Till August 2025: Key Changes, Compliance, and Future Outlook
The Goods and Services Tax (GST) regime in India continues to evolve rapidly with significant changes that impact taxpayers, businesses, and professionals alike. As we enter August 2025, here’s a comprehensive round-up of the most important GST developments you must know.
🧾 Why Filing Your Income Tax Return On Time Is More Important Than You Think Let’s break it down 👇
✅ 1. Avoid Late Fees and Penalties Did you know that filing ITR after the due date (usually July 31st) can cost you up to ₹5,000 in late fees under Section 234F? And that’s just the start: Interest on unpaid tax Delay in processing refunds Restrictions on carrying forward losses 💡 Filing on time is
Don’t Miss the Deadline: File Your ITR Today and Enjoy These Benefits!
Tax season is here—and with it comes an opportunity, not a headache. Filing your Income Tax Return (ITR) isn’t just a legal obligation; it’s a smart financial move that can unlock numerous benefits. Whether you’re a salaried employee, a freelancer, a business owner, or even a student earning a stipend, filing your ITR on
2- Factor Authentication for e-Way Bill and e-Invoice System
To enhance the security of e-Way Bill/e-Invoice System, NIC is introducing 2-Factor Authentication for logging in to e-Way Bill/e-Invoice system. In addition to username and password, OTP will also be authenticated for login. There are 3 different ways of receiving the OTP. You may enter any of the OTP and login to system. The various
Everything You Need to Know About Advance Tax: A Complete Guide
As tax season approaches, one of the most common terms you’ll come across is Advance Tax. But what exactly is it, and why is it important? Whether you’re a salaried employee, a freelancer, or a business owner, understanding the concept of advance tax can help you avoid penalties, manage cash flow, and stay compliant with
Advisory on Introduction of Form ENR-03 for Enrolment of Unregistered Dealers/Persons in e-Way Bill Portal for generating e-way Bill.
A new feature has been introduced in the E-Way Bill (EWB) system to facilitate the enrolment of unregistered dealers supplying goods, with effect from 11.02.2025. In accordance with Notification No. 12/2024 dated 10th July 2024, Form ENR-03 has been introduced for the enrolment of unregistered dealers. 2.Unregistered dealers engaged in the movement or transportation of goods can now generate