TAXLA Services: Your One-Stop Solution for Financial and Compliance Needs!


 

🔍 Our Services Include:

Income Tax Filing
GST Registration
GST Filing
MSME Registration
Loan Projection
PF & ESI Registration
FSSAI Registration

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🧾 TDS Payment (AO Permitted) – Due Date Alert!

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Deadline: 7th July 2025 | Period: April–June 2025 Tax deductors and businesses—this is a timely reminder! If you're permitted to deposit TDS quarterly by your Assessing Officer (AO) under certain provisions of the Income Tax Act, the due date for the April–June 2025 quarter is fast approaching. 🔍 What is AO-Permitted Quarterly TDS Payment? Under normal circumstances, TDS must be deposited monthly. However, specific deductors can obtain permission from the Assessing Officer (AO) to deposit TDS on a quarterly basis —typically to reduce compliance burden for eligible deductors. Quarterly TDS deposit is permitted under the following sections : Section 192 – Salary payments Section 194A – Interest (other than securities) Section 194D – Insurance commission Section 194H – Commission or brokerage If you have this quarterly permission , the due date for April to June 2025 TDS payment is: 🗓 7th July 2025 🚨 What Happens If You Miss the Deadline? Failure to...
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ITC Blocked in Many Cases – Know When You Can’t Claim It

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  The Goods and Services Tax (GST) regime allows businesses to claim Input Tax Credit (ITC) on the tax paid for goods and services used in the course of business. This mechanism helps avoid double taxation and ensures a seamless flow of credit through the value chain. However, the GST law also prescribes certain situations where ITC cannot be claimed . These restrictions are outlined in Section 17(5) of the Central Goods and Services Tax (CGST) Act, 2017 . Understanding these rules is crucial for businesses to remain compliant and avoid penalties or unnecessary tax demands. What is Input Tax Credit (ITC)? ITC allows a registered taxpayer to reduce the GST they have paid on purchases from the GST they owe on sales. For example, if a business pays GST on raw materials, they can claim it back while paying GST on the final product, thereby reducing the overall tax burden. But remember — ITC is not an unconditional benefit . If the goods or services are not used for business purp...
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Income Tax Due Date Alert – Non-Deduction of Tax (July–September 2025)

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  Ensure Compliance Before 31st October 2025! As the financial year progresses, it is essential for every banking company and financial institution to stay updated with statutory compliance dates under the Income-tax Act, 1961 . One such critical deadline is the filing of quarterly returns of non-deduction of tax at source for the quarter ending September 2025 (July–September 2025) . The due date for submission of this return is 31st October 2025 . Missing this deadline can lead to non-compliance issues, penalties, and unnecessary complications with the Income Tax Department. Let’s understand this in detail. 🔍 Understanding Non-Deduction of Tax at Source (TDS) TDS (Tax Deducted at Source) is a mechanism by which tax is collected at the time of payment or credit of income. However, there are specific situations where no TDS is deducted , either due to declarations furnished by the payee or due to the nature of the income itself. When a banking company does not deduct TDS o...
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