Tag: Tax Compliance India

Missed the Income Tax Return Deadline? How to File a Belated Return, Penalties & Time Limits Explained

Sep 17, 2025

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by

Himanshu

in Finance and Accounting

Every year, many taxpayers in India fail to file their Income Tax Return (ITR) by the deadline. But missing the deadline doesn’t always mean disaster. The tax laws provide a mechanism known as a belated return, which lets you file past the due date. However, there are consequences—penalties, loss of certain benefits, and restrictions. Understanding…
The Ultimate GST Handbook: Navigating Goods and Services Tax in India

Jun 11, 2025

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by

Himanshu

in Tally ERP 9 Training

Taxable Event under GST – In Detail What is a Taxable Event? A taxable event is the occurrence or action that gives rise to the liability to pay tax. In any tax law, identifying the taxable event is crucial because it determines when and how tax is to be levied. Under the previous indirect tax…