Tax Connect
madhuvridhi
Category: Uncategorized
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Daily Books of Account Data and Documents Backup on Indian Servers: The New Legal Mandate Under Rule 46(8)
The books of account and other documents specified in sub-rules (1), (4) and (6) maintained in electronic mode shall remain accessible in India at all times, and the back-up of such books of account and other documents maintained in electronic mode, shall be kept in servers physically located in India, and shall be updated on…
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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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Decoding GSTR-9 and GSTR-9C for FY 2024-25: Your Essential FAQ Guide
The Goods and Services Tax Network (GSTN) has issued a set of FAQs to provide clarity on filing the Annual Return (GSTR-9) and Reconciliation Statement (GSTR-9C) for the Financial Year (FY) 2024-25.
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CBDT Extends Income Tax Deadline for AY 2025-26
The Central Board of Direct Taxes (CBDT) on Wednesday extended the deadline for filing of income tax returns and submitting audit reports for the assessment year 2025-26, providing relief to taxpayers and professionals, particularly companies, proprietorship and working partners in firms requiring mandatory audits.
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Last Chance to Submit GST Returns Before Expiry
For ease of reference and better clarity, the latest GST returns that will be barred from filing w.e.f 1st December 2025 are detailed in the table below:
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Track I-T Notice Reply Reviews: New Portal Feature Explained
The new feature ensures taxpayers know when their response has been accessed by the tax authority.
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TDS Errors in Joint Property Sales: A Father’s Victory Explained
Minor Oversight can result is long disputes with the authorities and un-necessary legal costs. Be vigilant and take proper professional guidance for tax matters
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India Introduces Simplified GST Registration for Small Businesses
Union Finance Minister Nirmala Sitharaman on Friday announced that a new GST registration system will be rolled out from November 1, 2025. The move is aimed at simplifying the registration process, particularly for small businesses and public sector entities.
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Is Alimony received Taxable ??
Each alimony case is distinct and personal to the case at hand. Regardless of this fact, alimony is a financial transaction and like all financial transactions are required to stand the scrutiny of income tax liability. So, do the beneficiaries receiving alimony need to pay income tax on it? The answer to this is tricky.