Tax Connect
madhuvridhi
Author: Tax Connect with madhuvridhi
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Setting Up a Subsidiary in India: Pvt Ltd vs. Liaison Office vs. Branch Office
Planning to expand to India? Compare Liaison Office vs. Branch Office vs. Pvt Ltd Company. A guide for foreign companies on tax, liability, and RBI compliance
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Virtual CFO Services: How Foreign Companies Can Manage Indian Accounts Remotely
Expanding to India? Don’t let complex financial regulations slow you down. Discover how Virtual CFO services help foreign companies manage Indian accounts, ensuring GST, TDS, and RBI compliance remotely—without the cost of a full-time hire.
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Budget 2026: Disclosure Scheme for Foreign Assets (ESOPs, Accounts, and Investments) – Understanding FAST-DS 2026
Budget 2026 ESOP disclosure relief, Schedule FA penalty waiver, Foreign asset reporting for students, Section 49 Black Money Act amendment, Penalty for undisclosed foreign income India.
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Budget 2026: Direct Tax “Ease of Living” Provisions – Lower TDS/TCS, Simplified Compliance, and Dispute Resolution
TCS rate reduction 2026, TDS on manpower supply, MACT interest tax exemption, Foreign Asset Disclosure Scheme 2026, Revised Return deadline March 31, Lower deduction certificate automation.
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Budget 2026: Major Changes in Income Tax Return Deadlines – Normal, Belated, and Updated Returns
Budget 2026 extends ITR deadlines: 31st Aug for non-audit businesses and 31st Mar for Revised/Belated returns. Updated returns now allowed during reassessment.
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Essential Compliance Deadlines for Businesses Jan-March 2026
The road to March 31st is paved with deadlines. To ensure your business stays in the fast lane without any regulatory roadblocks, we’ve mapped out the Compliance Essentials for Jan – March 2026. What’s inside: ✅ Key GST & Income Tax Milestones. ✅ Critical MCA Filing Extensions. ✅SEBI Regulation deadline ✅ Pro-tips for Year-End Financial…
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Mumbai ITAT Decision: Tax Authorities Must Accept Declared Profits if Books Not Rejected
This ruling serves as a vital precedent for taxpayers facing ex-parte assessments. It reinforces that tax authorities cannot disregard audited financial statements without valid grounds for rejection. Additionally, it highlights the importance of analyzing the actual date of property transactions rather than relying solely on the date of TDS payments when determining the correct assessment…
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How Missing Bank Details Lead to GST Registration Suspension
Urgent GST Update: Auto-Suspension of Registration for Missing Bank Details Date: December 8, 2025 Topic: GST Advisory No. 641 (Rule 10A Compliance) The Goods and Services Tax Network (GSTN) has issued a critical advisory (Advisory No. 641, dated December 05, 2025) that impacts all registered taxpayers who have not yet updated their bank account details…
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GST Alert: Correcting Auto-Populated Values in GSTR-3B
It is to inform you that from November-2025 tax period onwards, value of supplies auto-populated in Table 3.2 of GSTR-3B from the returns/forms mentioned above, shall be made non-editable. The GSTR-3B shall be filed henceforth with the system generated auto-populated values only in table 3.2.
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Revised Small Company Definition & Compliance Benefits
Revised Criteria for Small Company & Eased Compliance for Small Companies