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
A Comprehensive Guide to GST: Latest Updates and Key Developments
The Goods and Services Tax (GST) has been a transformative step in India’s taxation system. Ever since its implementation in 2017, GST has drastically simplified the indirect tax structure by merging multiple taxes into a single system. However, as with any significant reform, the GST system continues to evolve with periodic updates and revisions. In
FINANCE BUDGET HIGHLIGHTS 1st FEB,2025
Highlights of Union Budget 2025 General 1. Kisan Credit Card limit enhanced from Rs. 3 lakh to Rs. 5 lakh 2. Additional Infra in 5 IIT’s set up after 2014. IIT Patna to be expanded 3. 10,000 more seats to be added in medical colleges in next year and 75,000 in next five years 4.
Understanding Insurance: A Guide to Protecting Your Future
Insurance is one of those things most people know they need but may not always understand fully. Whether you’re thinking about life, auto, health, home, or even business insurance, there’s one thing that’s universally true: insurance helps provide peace of mind by offering financial protection when the unexpected happens. In this post, we’ll break down
The Importance of E-Invoices for Businesses: A Step Toward a Digital Future
In today’s fast-paced business environment, staying ahead of the curve is essential. One of the key trends in modern business practices is the shift towards e-invoicing (electronic invoicing). As governments and businesses globally embrace digital transformation, e-invoices are becoming an increasingly crucial tool for ensuring compliance, streamlining operations, and improving financial efficiency. If you haven’t
How to Manage Cash Flow Effectively: Key Strategies for 2025
Cash flow is the lifeblood of any business. Without it, even the most successful company can face serious challenges. As we move into 2025, managing cash flow has become even more critical for businesses of all sizes. Economic shifts, fluctuating consumer demands, and the ongoing digital transformation require companies to be more agile and strategic
Important Upcoming Financial and Tax Deadlines for 2025
As we approach the first quarter of the year, it’s essential for businesses to stay on top of crucial financial and tax-related deadlines. Below is a list of key upcoming events and dates that every company should be aware of to ensure compliance and avoid any penalties. 1. GST Filing Deadlines: GST Return (GSTR-1) Filing: