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If you are starting a food business in India , whether it's a restaurant, bakery, catering service, or packaged food brand , you must obtain an FSSAI registration/license . The Food Safety and Standards Authority of India (FSSAI) ensures that food products meet quality standards for the safety of consumers. Why is FSSAI Registration Important? ✔️ Legal Compliance: Avoid penalties and legal issues. ✔️ Consumer Trust: Gain credibility and build customer confidence. ✔️ Brand Recognition: Use the FSSAI logo to enhance your brand. ✔️ Business Growth: Expand your market with certified food safety standards. Types of FSSAI Registration: 1️⃣ Basic Registration – For small businesses with turnover below ₹12 lakh . 2️⃣ State License – For businesses with turnover between ₹12 lakh – ₹20 crore . 3️⃣ Central License – For businesses with turnover above ₹20 crore or operating in multiple states. How Can Taxla Services Help? 📌 Expert Consultation – We guide you on the right FSSAI reg...

Finance Minister Nirmala Sitharaman is set to present the New Income Tax Bill in the Union Budget , marking a significant change in India’s tax landscape. This move is expected to streamline tax regulations, simplify compliance, and enhance transparency in the taxation system. Key Expectations from the New Tax Bill 📌 A more concise and structured tax law 📌 Possible reduction in complexities for businesses and individuals 📌 Enhanced taxpayer benefits and compliance measures 📌 Greater transparency in tax provisions This update could reshape the financial landscape for businesses and individuals, making tax compliance more straightforward. Stay Updated with Taxla Services! At Taxla Services , we provide expert tax consulting, financial advisory, and compliance assistance to help businesses navigate tax laws efficiently. 📞 Contact Us: +91 9600076134 / 6374812546 📧 Email: auditsiva2@gmail.com 🌐 Website: www.taxlaservices.com #NewIncomeTaxBill #Budget2025 #TaxReforms #Finan...

The Indian Income Tax Act, 1961 , has undergone a significant transformation with the introduction of a new and more concise Income Tax Bill . What’s New? 📌 The old Income Tax Act spanned 823 pages , whereas the new bill has been reduced to 622 pages , making it 201 pages shorter . 📌 The bill is now structured into 536 sections, 23 chapters, and 16 schedules , improving clarity and efficiency. 📌 The changes aim to simplify tax laws , enhance compliance, and reduce complexities for taxpayers. Key Benefits of the New Tax Bill ✅ More concise and structured taxation laws ✅ Easier compliance for businesses and individuals ✅ Enhanced transparency in tax regulations ✅ Streamlined sections for better understanding This update marks a step toward modernizing India’s tax system , making it more accessible, efficient, and transparent . Stay Updated with Taxla Services! At Taxla Services , we provide expert tax consulting, financial advisory, and compliance assistance to help businesses nav...

Effective accounts and finance handling is the backbone of any successful business. Proper financial management not only ensures compliance with tax laws but also helps in budgeting, forecasting, and making informed decisions . Key Benefits of Expert Accounts & Finance Handling ✅ Accurate Financial Records – Avoid errors and ensure compliance ✅ Tax Efficiency – Minimize tax liabilities and avoid penalties ✅ Business Growth – Better financial planning and forecasting ✅ Time-Saving – Focus on business expansion while we manage your finances ✅ Regulatory Compliance – Stay updated with the latest tax laws and regulations Why Choose TAXLA SERVICES? At Taxla Services , we offer: 🔹 Professional accounting and bookkeeping services 🔹 Expert tax planning and compliance 🔹 Financial advisory to help businesses make informed decisions 🔹 GST and Income Tax consultation 🔹 Audit and risk assessment services 🔹 Let us optimize your financial management today! 🔹 📞 Contact Us: +91 96...

The Indian tax system is undergoing a significant transformation with the introduction of the New Income Tax Bill . This bill aims to simplify tax laws and make compliance easier for taxpayers. Here’s how: Key Features of the New Income Tax Bill: 1️⃣ Elimination of Redundancies The bill removes unnecessary complexities and outdated provisions. Ensures a streamlined taxation process. 2️⃣ Simplification of Language Legal jargon is replaced with simpler, more understandable terms. Taxpayers can now interpret tax laws more easily without confusion. 3️⃣ Tabular Representation of Sections & Provisions Important sections and provisos are now structured in a table format. Helps in better comprehension and faster reference. What Does This Mean for Taxpayers? 🔹 Reduced confusion and better compliance. 🔹 Faster tax filing and lesser errors. 🔹 Enhanced transparency in tax laws. If you need expert tax consultation or assistance with your tax planning, Taxla Services is here to help! 📞 Get ...

The Income Tax Act Section 43B(h) mandates that businesses must settle payments to MSME (Micro, Small, and Medium Enterprises) suppliers within 45 days from the invoice receipt to avail of tax benefits. What Does This Mean for Businesses? 🚀 Payments beyond 45 days will be disallowed as an expense under the Income Tax Act , increasing taxable income. 🚀 Ensuring timely MSME payments helps in tax deduction claims and better financial discipline . Important Deadline – FY 2024-25 📌 For goods/services received until 14th February 2025 , payments must be made before 31st March 2025 to remain eligible for tax deductions. Why This Compliance is Crucial? ✅ Avoids tax disallowance, reducing financial burden ✅ Strengthens MSME business relations ✅ Ensures smooth tax compliance 💡 Stay compliant & avoid tax liabilities! Seek expert tax consultation today. 📞 For Assistance, Contact Us: 📱 +91 9600076134 / 6374812546 📧 auditsiva2@gmail.com 🌐 www.taxlaservices.com 📍 Visit us at: 19, ...

The New Income Tax Bill aims to eliminate complexities in tax laws by simplifying the language used in various provisions. While the benefits remain unchanged, the wording is now more concise and easier to understand. Example: Section 80C – Then vs. Now 📌 Before (Complex Language) "In computing the total income of an assessee, being an individual or a Hindu undivided family, there shall be deducted, in accordance with and subject to the provisions of this section, the whole of the amount paid or deposited in the previous year, being the aggregate of the sums referred to in sub-section (2), as does not exceed one hundred and fifty thousand rupees." 📌 Now (Simplified Language) "An individual or a Hindu undivided family shall be allowed a deduction of the amount paid or deposited in the tax year, up to ₹1,50,000, as per Schedule XV." Key Benefits of Simplification ✅ Better Clarity: Easy for taxpayers to understand their rights and deductions ✅ No Change in Benefit...

The Indian government has proposed stricter taxation and reporting requirements for crypto traders and investors under the Income Tax Bill 2025 . Here’s what you need to know: Key Highlights of the New Crypto Taxation 🔹 Flat 30% tax on income from virtual digital assets (VDAs) like cryptocurrencies, NFTs, and other digital tokens . 🔹 No deductions or exemptions are allowed on crypto profits, except for the cost of acquisition . 🔹 1% TDS on crypto transactions remains applicable to track digital transactions and ensure tax compliance. 🔹 The bill reinforces stricter tax reporting , making it mandatory for traders and investors to declare their crypto holdings and transactions . What Does This Mean for Crypto Investors? ✔️ Higher tax liability – Ensure proper planning to manage profits effectively. ✔️ Strict tracking of transactions – Any crypto gains will be closely monitored. ✔️ No tax benefits or set-offs – Losses from crypto cannot be adjusted against other incomes. How C...

The World Day of Social Justice , observed on February 20 , serves as a reminder of the need to create a more just and equitable society. It aims to eliminate poverty, promote human dignity, and ensure equal opportunities for all , irrespective of gender, race, or economic background. Why is Social Justice Important? ✅ Equality & Fairness: Ensuring everyone has access to opportunities and resources. ✅ Eliminating Discrimination: Addressing bias in workplaces, education, and legal systems. ✅ Economic Justice: Bridging the income gap and creating fair employment opportunities. ✅ Legal Rights for All: Ensuring access to justice and protecting human rights. How Can We Contribute? ✔️ Support policies that promote fairness and equal opportunities. ✔️ Raise awareness about social justice issues. ✔️ Advocate for fair taxation, legal rights, and responsible governance. ✔️ Encourage businesses to adopt ethical and inclusive practices. At Taxla Services , we believe in financial transpare...

The GST PMT-06 challan for January 2025 is due on 25th February 2025 . This payment is required for taxpayers under the Quarterly Return Monthly Payment (QRMP) scheme to deposit their monthly tax liabilities. 🔹 Who Needs to File PMT-06? 📌 Businesses and taxpayers who have opted for the QRMP scheme under GST. 📌 Taxpayers filing GSTR-3B quarterly but making monthly tax payments . 🔹 What is PMT-06? PMT-06 is a challan used for depositing: ✔️ Monthly tax payments ✔️ Interest on late tax payments ✔️ Late fees and penalties (if applicable) 📅 Due Date for PMT-06 📌 For January 2025: The deadline is 25th February 2025 . ❌ Consequences of Late Payment ⚠️ Interest: 18% per annum on delayed tax payment. ⚠️ Late Fee: ₹50 per day (₹20 for NIL returns). ⚠️ Risk of GST registration suspension for repeated non-compliance. ✅ How Can Taxla Services Help? At Taxla Services , we offer: ✔️ GST PMT-06 challan filing ✔️ QRMP scheme assistance ✔️ Tax compliance consultation 📞 Need assistance?...

The Goods and Services Tax (GST) return GSTR-5A for January 2025 is due on 20th February 2025 . This return is mandatory for Online Information and Database Access or Retrieval (OIDAR) service providers offering services to unregistered persons in India . 🔹 Who Needs to File GSTR-5A? 📌 Foreign-based Online Information and Database Access or Retrieval (OIDAR) service providers supplying services to individuals and businesses not registered under GST in India . Examples of OIDAR services: ✔️ Online advertising services ✔️ Cloud-based software and storage ✔️ E-learning courses or digital content ✔️ Streaming services (music, movies, etc.) ✔️ Downloadable e-books, apps, and games 🔹 What is GSTR-5A? GSTR-5A is a monthly return required to be filed by OIDAR service providers to: 📌 Report outward taxable supplies 📌 Declare tax liabilities and payments 📅 Due Date for GSTR-5A 📌 For January 2025: The deadline is 20th February 2025 . ❌ Consequences of Late Filing ⚠️ Late fee: ₹50 pe...

The Goods and Services Tax (GST) return GSTR-3B for January 2025 is due on 20th February 2025 . This return is essential for reporting outward supplies, Input Tax Credit (ITC) claimed, and net tax payable . 🔹 Who Needs to File GSTR-3B? Businesses must file GSTR-3B if they: ✔️ Have a turnover exceeding ₹5 crore in the last financial year. ✔️ Have not opted for the Quarterly Return Monthly Payment (QRMP) scheme for the quarter January – March 2025 . 🔹 What is GSTR-3B? GSTR-3B is a self-declared summary return under GST that businesses need to file monthly to: 📌 Report outward supplies (sales) 📌 Claim Input Tax Credit (ITC) 📌 Declare tax liabilities and make GST payments 📅 Due Date for GSTR-3B 📌 For January 2025: The deadline is 20th February 2025 . ❌ Consequences of Late Filing ⚠️ Late fee: ₹50 per day (₹20 per day for NIL returns). ⚠️ Interest: 18% per annum on delayed tax payment. ⚠️ Blocking of ITC: Non-filers may face input tax credit restrictions . ✅ How Can Taxla ...

The quarterly TDS certificate (Form 16A) for tax deducted on payments other than salary for the period October to December 2024 must be issued by 15th February 2025 . 🔹 What is a TDS Certificate? A TDS Certificate is a document issued by the tax deductor to the deductee as proof of tax deduction and deposit. It allows the deductee to claim the tax deducted in their income tax return. 🔹 Who Needs to Issue This Certificate? 📌 Businesses, firms, and individuals who have deducted TDS on payments such as: Professional fees Rent Interest income Contractor payments Commission & brokerage 📌 Any entity making payments subject to TDS under the Income Tax Act (except salary payments). 📅 Due Date for Issuance ✅ The last date to issue TDS Certificates for Q3 (Oct-Dec 2024) is 15th February 2025 . ✅ Ensure timely issuance to avoid penalties and non-compliance issues . ❌ Consequences of Late Issuance ⚠️ Penalty under Section 272A(2)(g): ₹100 per day of delay, up to the amount of TDS ...

Government offices responsible for TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) must ensure timely submission of Form 24G to remain compliant with income tax regulations. The due date for Form 24G for January 2025 is 15th February 2025. 🔹 What is Form 24G? Form 24G is a monthly statement filed by government offices where TDS/TCS has been deducted and paid without using a Challan (Book Adjustment method). This ensures proper credit is given to the deductees. 🔹 Who Needs to File Form 24G? 📌 Any government office or department that deducts TDS/TCS and deposits it to the Central Government without using a challan . 📌 Drawing & Disbursing Officers (DDOs) who are responsible for tax deduction at source. 📌 State and Central Government Offices making salary and non-salary payments where TDS is applicable. 📅 Due Date for January 2025 🔹 The last date to submit Form 24G for January 2025 is 15th February 2025 . 🔹 Timely filing ensures smooth processing of TDS/T...

Tax compliance is crucial for businesses to avoid penalties and maintain seamless operations. Here are the key GST return filing deadlines for 13th February 2025 that businesses must adhere to. 🚀 GSTR-5: Return Filing for Non-Resident Taxable Persons What is GSTR-5? GSTR-5 is a monthly return that must be filed by non-resident taxable persons who conduct business in India but do not have a fixed place of business in the country. This return includes details of: ✅ Outward taxable supplies (sales made during the month) ✅ Tax payable & tax paid ✅ Input tax credit (ITC), if available ✅ Interest, late fees, and any penalties applicable Who Should File GSTR-5? 📌 Non-resident individuals or entities registered under GST and conducting taxable transactions in India. 📌 Foreign businesses temporarily operating in India through exhibitions, trade fairs, or short-term projects. Due Date: 13th February 2025 (for January 2025 transactions). Penalty for Late Filing: ⏳ Late filing of GSTR-5 ...

Staying compliant with GST regulations is crucial for businesses, especially small taxpayers opting for quarterly filing. The Invoice Furnishing Facility (IFF) is a beneficial option for those who want to report their invoices on a monthly basis rather than waiting for the end of the quarter. In this post, we’ll explain the importance of IFF, its benefits, and the due date for filing the IFF for January 2025 to help businesses avoid penalties and ensure smooth transactions. 💡 What is Invoice Furnishing Facility (IFF)? The Invoice Furnishing Facility (IFF) is an optional feature available for small registered taxpayers who have opted for the Quarterly Return Monthly Payment (QRMP) Scheme under GST. 🔹 How Does IFF Work? ✅ Businesses that file GSTR-1 on a quarterly basis can use IFF to furnish details of B2B (business-to-business) invoices for the first two months of the quarter. ✅ These invoices are then reflected in the recipient’s GSTR-2A and GSTR-2B , allowing them to claim I...

Professional Tax is a state-imposed tax that applies to individuals earning a salary or practicing a profession such as doctors, lawyers, accountants, and business owners . While mandatory, managing it correctly can help avoid penalties and ensure compliance. ✅ Why Choose Taxla Services for Professional Tax? 🔹 Expert Guidance – Get professional help for accurate calculations and filings. 🔹 Guaranteed Accuracy – Avoid errors and penalties with precise tax handling. 🔹 Maximize Refunds – Ensure eligible deductions and save money. 🔹 Hassle-Free Compliance – We handle all legal requirements on your behalf. 🚀 Who Needs to Pay Professional Tax? Salaried Employees (Deducted by employers) Self-Employed Professionals (Doctors, Lawyers, CAs, Consultants) Business Owners & Traders Freelancers & Contractors 📆 Avoid Late Fees & Penalties! Missing deadlines for professional tax payments can result in penalties and legal issues. Let Taxla Services take care of it for you, ens...

Your brand is your business’s identity—don’t leave it unprotected! A registered trademark gives you exclusive rights and ensures your brand is legally safeguarded against unauthorized use. Documents and Details Required for Trademark Filing: PAN Card: A valid identity proof for the business or proprietor. Aadhaar Card: Additional identification for the owner or business representative. Objectives: A clear outline of your business objectives. Company Address: Proof of the company’s location for correspondence. MSME Certificate (if applicable): Beneficial for businesses registered under MSME. Email ID: For official communications. Phone Number: A reliable contact number for updates. Why Register a Trademark? Brand Protection: Prevent others from using your brand identity. Legal Recognition: Secure exclusive rights to use your brand name and logo. Market Value: Enhance the value of your business and build customer trust. Global Access: Open doors to international trademark prot...

Registering as an OPC Private Limited Company is the perfect choice for solo entrepreneurs who wish to enjoy the benefits of limited liability and a formal business structure. At Taxla Services , we simplify the registration process so you can focus on growing your business. What’s Included in OPC Registration Services? 1️⃣ Director DIN Number : Essential for company registration. 2️⃣ Digital Signatures : Two digital signatures for secure filings. 3️⃣ MOA & AOA Drafting : Professional drafting of Memorandum and Articles of Association. 4️⃣ PF Registration : Ensure compliance with Provident Fund regulations. 5️⃣ ESI Registration : Employee State Insurance registration for workforce welfare. 6️⃣ Company PAN & TAN : Hassle-free application for tax-related identification. 7️⃣ Share Certificates : Legal proof of share allocation. 8️⃣ Bank Account Opening : Assistance in setting up your corporate bank account. 9️⃣ Certificate of Incorporation : The final step for your OPC to be offi...

Ensuring compliance with tax regulations is crucial for businesses and individuals. One of the key aspects of tax compliance is the timely payment of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) . Missing these deadlines can result in penalties and additional interest charges. 🛑 Due Date for TDS/TCS Payment: 7th February 2025 🔍 Understanding TDS & TCS Payments Tax Deducted at Source (TDS) : A mechanism where a person (deductor) responsible for making specified payments deducts tax at the prescribed rate before making the payment. Examples include salary, rent, professional fees, and contract payments. Tax Collected at Source (TCS) : A tax collected by the seller from the buyer at the time of sale of certain goods and services, such as liquor, scrap, or motor vehicles. ✅ Why is Timely TDS/TCS Payment Important? Avoid Interest & Penalties : Late payment results in interest charges (1% or 1.5% per month) and penalties under Section 201(1A) of the Income Tax Act...

Starting a business in India? Company registration is the first step toward building a successful enterprise. Taxla Services simplifies the process, ensuring a quick, compliant, and hassle-free registration for your company or LLP. Types of Company Registrations We Offer: 📌 1. Private Limited Company 🔹 Suitable for startups & growing businesses 🔹 Limited liability for shareholders 🔹 Separate legal entity 📌 2. Limited Company 🔹 Ideal for large-scale businesses 🔹 Public limited companies can raise funds from investors 📌 3. OPC Private Limited (One Person Company) 🔹 Best for solo entrepreneurs 🔹 Limited liability with a single owner 📌 4. Limited Liability Partnership (LLP) 🔹 A blend of partnership & company features 🔹 Limited liability & minimal compliance requirements 📌 5. Section-8 Company 🔹 Suitable for NGOs & non-profit organizations 🔹 Tax exemptions & compliance benefits 📌 6. Producer Company 🔹 Designed for farmers & agriculture-based busi...