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Last chance to correct old TDS returns before 31st March 2026.
A significant compliance change is on the horizon. Under the upcoming Income-tax Act, 2025, the time limit for correcting TDS returns will be reduced to 2 years from the end of the relevant financial year, effective 1 April 2026. To facilitate this transition, taxpayers have a final opportunity until 31 March 2026 to correct errors…
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OCI card holder and participation in Indian business — a regulatory perspective…
Applicability of FEMA and FDI provisions depends on specific facts and structure; the above is for general awareness and not a legal opinion.
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What is the difference between internal check and internal control?
Internal check and internal audit are both important control mechanisms, but they have different purposes and are carried out by different people. Learn the key differences between the two to improve your organization’s risk management program
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Recent Posts
- Last chance to correct old TDS returns before 31st March 2026.
- Only in Goa: ₹24 Lakhs Income… and Still Zero Tax? Here’s How.There’s a powerful tax advantage available only to Goan married couples — thanks to Section 5A of the Income-tax Act, 1961.Under Goa’s community of property system, income (other than salary) earned by a married person is automatically split 50:50 between spouses.Example:Husband earns ₹24 lakhs business income.Spouse is a homemaker.1. Income gets divided: ₹12 lakhs each.2. Tax computed separately in both hands.If structured correctly under the applicable tax regime, this can significantly reduce — and in certain cases eliminate — tax liability& due to separate slab benefits and rebate eligibility.In simple words:A homemaker in Goa can become the biggest tax planner in the family.A unique provision.#Goa #Section5A #IncomeTax #TaxPlanning #CharteredAccountant
- OCI card holder and participation in Indian business — a regulatory perspective…
- A forgotten foreign bank account can lead to a penalty of ₹10 lakh per year.
- Why Budget 2026 Replaced TAN with PAN for TDS on NRI Property Sales
