The Goods and Services Tax (GST) regime in India relies heavily on self-assessment and digital compliance. To ensure accuracy and prevent tax evasion, the GST department issues GST notices to taxpayers when discrepancies, delays, or violations are detected. Receiving a GST notice can be stressful, but understanding its purpose and responding correctly can prevent penalties… Continue reading How to Handle GST Notices Without Panic: Avoid Penalties and Litigation
In a fast‑growing and competitive market, your brand is your most Valuable asset. From your business name and logo to your tagline and product identity, everything that makes your brand unique must be legally protected. Trademark registration ensures that no one else can misuse, copy, or profit from your brand identity. At Taxcellent.in, we help… Continue reading Trademark Registration in India: Protect Your Brand, Secure Your Business
Tax Deducted at Source (TDS) is one of the most important compliance mechanisms under the Indian Income Tax Act, 1961. It ensures that tax is collected at the point of income generation and deposited with the government on a real-time basis. Every person or entity responsible for making specified payments, such as salary, rent, professional… Continue reading Mandatory TDS Returns: Due Dates, Penalties & FAQs for FY 2025-26
Under the Goods and Services Tax (GST) law, GSTR‑9 and GSTR‑9C are critical annual compliance returns that consolidate, reconcile, and validate the data reported in monthly/quarterly GST returns. Every business registered under GST must evaluate its turnover‑based applicability and ensure timely filing to avoid heavy late fees, interest, and scrutiny from tax authorities. This article… Continue reading GSTR-9 & GSTR-9C Annual Return and Audit Explained
1. Background of the dispute Tiger Global, a major US-based investment firm, invested in Flipkart (an Indian e-commerce company) through Mauritius-based entities and made a substantial capital gain (about US $1.6 billion) when it partially sold its stake to Walmart in 2018. 2. Treaty and tax claim Tiger Global claimed exemption from Indian capital gains… Continue reading Tiger Global Tax Case – Key Points
1. Budget Theme: Yuva Shakti–Led Growth The Union Budget 2026–27 is anchored around “Yuva Shakti–driven growth”, focusing on converting India’s demographic dividend into sustained productive capacity through skilling, employment generation, and enterprise creation. The Budget positions human capital as the central driver of long-term economic expansion. 2. Guiding Principles (Three Kartavya) The Budget is guided by… Continue reading Union Budget 2026: Sabka Vikas via Infra, MSMEs & Services
Goods and Services Tax (GST) aims to create a seamless, destination-based tax system. However, in the course of business, taxpayers may pay excess tax or accumulate input tax credit (ITC). To prevent unnecessary blockage of funds and to promote ease of doing business, the GST law provides a mechanism known as GST Refund. What is… Continue reading GST Refunds: Meaning, Process, and Importance
The Goods and Services Tax (GST) regime in India relies heavily on self-assessment and digital compliance. To ensure accuracy and prevent tax evasion, the GST department issues GST notices to taxpayers when discrepancies, delays, or violations are detected. Receiving a GST notice can be stressful, but understanding its purpose and responding correctly can prevent penalties… Continue reading Understanding GST Notices: What They Mean and How to Respond
In today’s dynamic regulatory and financial environment, individuals and businesses need more than just compliance; they need clarity, accuracy, and strategic guidance. Taxcellent is a professional chartered accountancy service provider firm committed to delivering reliable, timely, and value-driven financial solutions tailored to our clients’ needs. With a client-centric approach and deep technical expertise, Taxcellent helps individuals,… Continue reading Taxcellent – Your Trusted Partner for Comprehensive CA Services
Some of the expectations on the personal tax front from the Budget 2026 are as follows: 1. Introduction of an Optional Joint Taxation Framework for Married Couples Under the prevailing income-tax framework, India follows an individual-based system of taxation, wherein each spouse is assessed separately, irrespective of marital status or the extent to which household… Continue reading Union Budget 2026 – Pre-Budget Wish List on Personal Tax Reforms
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