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

 In the dynamic framework of income tax compliance in India, deadlines play a crucial role in ensuring smooth operations for individuals, trusts, and institutions. One such important compliance is the filing of Form 9A , which allows certain taxpayers to apply their income of the previous year to the next year or future years. The last date for filing Form 9A is 30th September 2025 . Missing this deadline may lead to complications, disallowances, and penalties. This blog post will explain the importance of Form 9A, its applicability, consequences of non-compliance, and why timely filing is essential. 🔍 What is Form 9A? Form 9A is a declaration form required under the Income Tax Act, 1961 , specifically for charitable or religious trusts and institutions claiming exemption under sections 11 and 12 . As per section 11(2), if the income of the trust cannot be applied (spent) during the relevant year, the assessee has an option to accumulate or set aside that income for applicati...

The Annual General Meeting (AGM) is one of the most crucial compliance requirements for companies registered under the Companies Act, 2013 . It serves as a platform for shareholders and directors to meet, review the company’s performance, and take important decisions for the future. The due date for conducting the AGM is on or before 30th September every year following the end of the financial year. For the financial year 2024–25 , the due date for holding the AGM is 30th September 2025 . Companies must ensure timely compliance to avoid penalties, late fees, and other regulatory consequences. What is an AGM? An Annual General Meeting is a meeting where the company’s shareholders come together to discuss and approve important business matters such as: Approval of audited financial statements. Declaration of dividends. Appointment or reappointment of directors. Appointment or reappointment of statutory auditors. Review of company’s performance and future strategies...

Tax Deducted at Source (TDS) is one of the most important mechanisms of the Income Tax Act, 1961, ensuring that tax is collected at the time of earning income. Timely compliance with TDS filing requirements is essential for both deductors and deductees to avoid penalties and legal consequences. As per the Income Tax rules, certain payments such as purchase of property, rent payments, payments to contractors, and transactions in virtual digital assets attract TDS under different sections. The deductor has the responsibility to deduct the applicable tax and deposit it with the government within the prescribed time frame. For the month of August 2025 , the last date for furnishing the challan-cum-statement for TDS deducted under Sections 194-IA, 194-IB, 194M, and 194S is 30th September 2025 . Let’s understand these provisions in detail. What is TDS? TDS or Tax Deducted at Source is a system where tax is deducted by the person making specified payments such as salary, rent, intere...

  Tax compliance plays a crucial role in ensuring the smooth functioning of businesses and individuals who fall under the ambit of the Income Tax Act, 1961. One of the most important compliances in this regard is the filing of a Tax Audit Report under Section 44AB . With the due date for filing the audit report for Financial Year (FY) 2024–25 / Assessment Year (AY) 2025–26 approaching soon, every taxpayer liable to tax audit must act promptly to avoid penalties and stay compliant. The due date for filing the Tax Audit Report (TAR) under Section 44AB for FY 2024–25 is 30th September 2025 . Let us understand in detail what this requirement means, who needs to comply, and why timely filing is so important. What is a Tax Audit under Section 44AB? A tax audit is essentially an independent examination of the accounts of a taxpayer, carried out by a chartered accountant (CA), to ensure that the books of account and other records are properly maintained and reflect a true and fair v...

Compliance is one of the cornerstones of smooth business operations, especially for companies registered under the Ministry of Corporate Affairs (MCA). For a One Person Company (OPC) , one of the most important annual compliance requirements is filing Form AOC-4 with the Registrar of Companies (ROC). The due date for FY 2024–25 is 27th September 2025 . Timely filing is not just a regulatory requirement—it’s also essential to avoid heavy penalties and maintain a good corporate standing. In this blog, let’s break down what AOC-4 (OPC) is, why it is required, the filing process, and the consequences of missing the deadline. 📌 What is Form AOC-4 (OPC)? Form AOC-4 is a filing form prescribed under the Companies Act, 2013 for submitting the financial statements of a company to the ROC. For a One Person Company (OPC) , AOC-4 filing is mandatory and must include: Balance Sheet Profit and Loss Account Notes to Accounts Director’s Report Since an OPC has only one director...

The Ministry of Corporate Affairs (MCA) has made Director KYC (DIR-3 KYC) filing mandatory for all company directors in India. Every individual who has been allotted a Director Identification Number (DIN) is required to file their KYC with the MCA every year. This process ensures that the MCA database remains updated with accurate information about directors and helps curb fraudulent activities in companies. For the financial year 2024–25, the due date to file DIR-3 KYC is 30th September 2025 . Failing to comply with this requirement can lead to penalties and deactivation of your DIN. Let’s understand the importance, procedure, documents required, and consequences of non-compliance in detail. What is DIR-3 KYC? DIR-3 KYC is a yearly compliance requirement introduced by the MCA to keep directors' personal information up to date. Every director holding a DIN on or before the end of a financial year is required to file DIR-3 KYC before 30th September of the following financial ...

For taxpayers under the GST regime, timely compliance is crucial to avoid unnecessary penalties and maintain smooth business operations. One such compliance requirement under the QRMP Scheme is the filing and payment of PMT-06 challan . With the due date for August 2025 fast approaching, it’s important to understand what PMT-06 is, who should pay it, and why timely compliance matters. 📌 What is PMT-06 Challan? The PMT-06 challan is an electronic challan used for depositing tax under the GST system. It is a payment instrument generated on the GST portal through the Form GST PMT-06 for paying tax, interest, penalty, fees, or any other amount under GST. Under the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme , registered taxpayers are required to pay tax every month but file returns once a quarter. The PMT-06 challan facilitates this monthly tax payment. 📅 Due Date for PMT-06 (August 2025) Due Date: 25th September 2025 Period Covered: August 2025 (s...

The Goods and Services Tax (GST) regime in India is dynamic, with changes in rates and rules introduced from time to time. One common area of confusion for businesses and taxpayers arises when GST rates are revised. Questions like “Which rate applies – old or new?” and “What if invoice and payment dates are different?” often lead to compliance challenges. To address these concerns, the GST law lays down specific provisions for determining the correct rate of tax in case of rate changes. With the upcoming change in GST rates effective from 22nd September 2025 , it is crucial for taxpayers to clearly understand the applicability rules. This blog provides a comprehensive guide to GST rate applicability during this transition, complete with examples, compliance tips, and key notes. 📌 Why GST Rate Transition Rules Matter Whenever GST rates are revised, businesses must carefully analyze: The date of supply of goods or services . The date of issue of invoice . The date of recei...