Professional Tax Registration Cancellation Process Explained Introduction Professional Tax is a state-level tax applicable to individuals and businesses engaged in professions, trades, callings, or employment, subject to the provisions prescribed under respective state laws. Businesses liable under applicable Professional Tax […]
EPFO Wage Ceiling Increased to ₹25,000: Key Impact Explained Introduction The EPFO wage ceiling increased proposal has been approved by the Union Cabinet based on the recommendation of the Ministry of Labour & Employment to enhance the mandatory EPFO coverage […]
Defective Return Notice: Resolve Schedule BS & PL Errors Introduction Receiving a Defective Return Notice from the Income Tax Department means that the filed Income Tax Return (ITR) contains incomplete, inconsistent, or incorrect information that requires correction. Such notices are […]
Property Sale Tax Planning in India 2026: LTCG & Key Rules Introduction Selling a property is not only about negotiating the right price. The date of transfer, holding period, stamp-duty value, residential status, reinvestment strategy and TDS can materially change […]
Udyam Registration Annual Filing: Is Yearly Update Mandatory for MSMEs? Introduction Many Micro, Small and Medium Enterprises (MSMEs) are confused about whether they need to complete an Udyam Registration Annual Filing every year or renew their Udyam Registration after the […]
Section 87A Capital Gains in 2026: The Rs. 12 Lakh Trap Explained Introduction “No tax up to Rs. 12 lakh” is useful shorthand for the new tax regime, but it is not a blanket exemption. For AY 2026-27, an eligible […]
Residential Status of LLP Designated Partner: LLP Act vs Tax Residency Introduction The Residential Status of LLP Designated Partner matters when a designated partner spends substantial time outside India. The LLP Act residency requirement and an individual’s income-tax residential status […]
Wheat Export Policy 2026: DGFT Makes Specified Wheat and Wheat Flour Exports Free Introduction The wheat export policy 2026 has changed significantly after the Central Government revised the export status of specified wheat and wheat-flour products from “Prohibited” to “Free.” […]
FSSAI Relabeller License: Documents Required and Process Introduction Many food businesses today operate by creating their own brand while outsourcing the manufacturing process to another food manufacturer. In such cases, the business may not manufacture the product itself but sells […]
