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

Compliance under the Ministry of Corporate Affairs (MCA) continues to evolve, ensuring transparency, accountability, and security in the corporate ecosystem. One such essential compliance requirement for many companies is Form PAS-6 , the Reconciliation of Share Capital Audit Report . As we approach the crucial deadline of 29th November 2025 , companies that fall under the filing criteria must ensure timely submission for the half-year ending 30th September 2025 . Whether you are a director, company secretary, or compliance officer, understanding PAS-6 is essential for staying compliant and avoiding penalties. This blog provides a complete, easy-to-understand breakdown of Form PAS-6, its requirements, exemptions, and key compliance tips. What is Form PAS-6? Form PAS-6 is a half-yearly report that must be filed with the Registrar of Companies (ROC) to reconcile the issued and actual share capital of a company. It ensures that: The securities of the company are held in demater...

Transfer Pricing (TP) compliance has become one of the most critical areas for businesses engaged in international transactions or specified domestic transactions. With the growing focus of the Income Tax Department on transparency, documentation, and cross-border dealings, TP assessees must be extra vigilant when it comes to filing their Income Tax Returns (ITR). For the Financial Year 2024-25 (Assessment Year 2025-26) , the deadline for assessees who are required to furnish a Transfer Pricing Audit Report under Section 92E is 30th November 2025 . Missing this deadline can lead to severe consequences, including penalties, interest, and increased scrutiny from the department. This blog explains everything you need to know about this due date, who is covered, why TP compliance is important, and how to stay fully compliant. Who Is Considered a Transfer Pricing Assessee? An assessee becomes liable for Transfer Pricing compliance if they are involved in: 1. International Transactio...

India’s export sector forms a crucial pillar of the nation’s economy, contributing significantly to GDP growth, foreign exchange generation, and employment creation. However, the global trade environment has become increasingly unpredictable in recent years. Factors such as geopolitical tensions, rising logistics costs, fluctuating foreign exchange rates, and tightening financial conditions have all placed pressure on exporters—especially MSMEs, who often operate with limited working capital. In response to these challenges, the Reserve Bank of India (RBI) has introduced a series of timely relaxations and regulatory easements aimed at supporting exporters. These measures focus on improving cash flow, reducing compliance stress, extending repayment timelines, and easing access to export credit. Let us explore the details, impact, and benefits of these crucial changes. 1. Extended Time for Export Realisation One of the most significant relief measures is the extension of the time a...

Compliance under the Ministry of Corporate Affairs (MCA) is a crucial responsibility for every company incorporated in India. Among the various statutory filings, Form PAS-6 plays a significant role in ensuring transparency in shareholding and maintaining accurate records of securities held in dematerialised form. With the due date for the half-year ending 30th September 2025 being 29th November 2025 , companies must be well-prepared to complete this filing on time and avoid penalties. This blog provides a detailed understanding of Form PAS-6, applicability, exemptions, required details, and why timely filing is essential for corporate compliance. ⭐ What is Form PAS-6? Form PAS-6 is a Half-Yearly Reconciliation of Share Capital Audit Report submitted by companies to reconcile: The total number of shares held in dematerialised form with NSDL and CDSL The total number of shares issued, subscribed, and paid-up Any discrepancies noticed between the issued capital and t...

Income Tax Return (ITR) filing season often brings with it the anticipation of refunds for many taxpayers. Whether it’s excess TDS deducted by employers, advance tax paid, or eligible deductions reducing the final tax liability, taxpayers look forward to receiving their refunds promptly. However, not all refunds arrive as quickly as expected. If you’re wondering why your ITR refund is delayed, you’re not alone — lakhs of taxpayers face similar delays every year. The Income Tax Department has streamlined processing in recent years, yet several legitimate reasons can still cause a slowdown. Understanding these reasons can help you remain patient, take corrective steps if needed, and avoid delays in future filings. Here are the most common reasons your ITR refund may be getting delayed. 1. Backlog of Unprocessed Returns Despite major technological upgrades, the Income Tax Department often deals with a significant volume of returns, especially during peak filing months. A large backlo...

What Every Deductor & Collector Must Know Before the Deadline The Indian taxation system is undergoing one of its biggest structural transformations with the upcoming implementation of the Income-tax Act, 2025 , which will replace the existing Income-tax Act, 1961 , starting 1st April 2026 . As a result of this transition, the Central Board of Direct Taxes (CBDT) has issued a crucial clarification regarding the submission of correction statements for TDS/TCS returns pertaining to earlier financial years. This update affects all deductors and collectors , including businesses, government departments, and organizations responsible for filing TDS/TCS returns. If you have pending corrections, mismatches, or errors in previously filed statements, it is important to take corrective action well before the deadline . 🔍 What Has CBDT Announced? CBDT has confirmed that correction statements for previous financial years can be filed only up to 31st March 2026 . After this date, no cor...

Timely tax compliance is one of the most essential responsibilities for every GST-registered business in India. Among the various forms and challans under the Goods and Services Tax framework, PMT-06 holds a critical position—especially for taxpayers who have opted for the QRMP (Quarterly Return Monthly Payment) scheme. As the due date for PMT-06 for October 2025 approaches on 25th November 2025 , businesses must ensure they understand what the challan is, who needs to pay it, and why timely payment matters. This blog provides a complete guide to PMT-06 and how you can stay compliant without stress. What Is PMT-06 Under GST? PMT-06 is an online challan used for depositing GST payments , including: Tax Interest Penalty Fees Any other dues under the GST Act While all taxpayers can use PMT-06, it is especially important for those under the QRMP scheme , where returns (GSTR-3B) are filed quarterly but tax must be paid monthly . Who Must File PMT-06? PMT-06 applie...