Articles by Mitali

More Than Rs 20,000 Cash Transactions Can Cost You 100% Penalty: Check Now Before It's Too Late

Posted by Mitali 08 October 2025 2100 Views

Cash transactions over Rs 20,000 for loans, deposits or specified sums may add 100% penalties to you - Use bank transfers or cheques for compliance.

Audit Reports Deadline Pushed to 31 October and ITR to 30 November

Posted by Mitali 27 September 2025 19798 Views

Tax audit due date extended to October 31, 2025 which means ITR filing deadline for audited taxpayers to be 30 November 2025.

No More Auto ITC in GSTR-3B from 1st October 2025

Posted by Mitali 26 September 2025 3076 Views

Latest GST updates for October 2025 - manual ITC claims, credit note rules and mandatory GSTR 2B before GSTR 3B filing.

One-Time Interest Waiver for New Tax Regime Tax Demands

Posted by Mitali 25 September 2025 942 Views

CBDT issues circular waiving interest on tax demands. Pay before 31st December 2025, to get this relief.

Karnataka High Court Extends Tax Audit Deadline: Courts vs CBDT - Big Update

Posted by Mitali 25 September 2025 1056 Views

The Karnataka High Court has directed CBDT to extend the tax audit due date from 30 Sept to 31 Oct 2025. With similar orders from other High Courts, taxpayers await CBDT's official notification to avoid penalties.

Know Which Goods Attract 40% GST with HSN Codes

Posted by Mitali 24 September 2025 1569 Views

Check which products are being classified as sin goods under GST 2.0 and will attract a 40 % GST with HSN code.

Yes Correct: No Late Fee Applies If You File ITR After Due Date

Posted by Mitali 19 September 2025 22435 Views

File or revise your ITR by 31 Dec 2025. Know the deadlines, late fee rules, and compliance tips to avoid penalties.

ICAI Calls for Section 234C Interest Waiver Due to Portal Errors

Posted by Mitali 18 September 2025 1210 Views

The ICAI has made a request to the tax department saying that no interest u/s 234C shall be imposed as many taxpayers on 15th September 2025 could not pay their...

FAQ on GST Rate Rationalization Based on Recommendations in its 56th Council Meeting

Posted by Mitali 16 September 2025 456 Views

Get clarity on GST and pricing rules from NPPA and the 56th GST Council decisions covering MRP re-labelling of medicines, uniform 5% GST on drones, GST on bricks, exemptions on insurance, hotel accommodation rates, beauty services, job work, multimodal transport, ECO liability on local delivery, and leasing/renting services.

Late Filing Fees Applies From 17th September 2025: Check How Much will be Levied?

Posted by Mitali 15 September 2025 3991 Views

Know late filing fees under Section 234F (Rs 5,000 or Rs 1,000 based on income) and interest under Section 234A, 234B, and 234C. Understand when penalties apply and how timely tax payment can save you from extra charges.