Here’s what most people don’t realize: 💰 Cash deposits above ₹10 lakh ⚠️ Cash transactions above ₹2 lakh in one day 🏦 Big FDs/MFs/shares that don’t match income 🌍 Foreign assets/income not declared 💳 Credit card spends over ₹10 lakh  on low income The Income Tax Department closely tracks all such activities through AIS, SFT & Form 26AS. 👉 File correct ITR👉 Keep documentation 👉 Use digital ayment 👉 Respond calmly to notices Stay informed. Stay compliant. Follow us fo

India’s tax system is getting a MAJOR makeover and this change will affect every taxpayer, business owner, and professional. The government has confirmed plans to release all rules of the NEW Income Tax Law in one single notification by 31 December 2025. Yes, one clean, simplified rulebook replacing the old complicated structure. Let’s break this down in the simplest way 👇 💡 What Does This Mean for You? ✅ 1. Fewer Rules. Less Stress. Earlier law (1961): 500+ rules 😵 New la

The government has introduced the New Rent Agreement Policy 2025 to bring standardization, transparency, and faster dispute resolution in the rental housing ecosystem. This policy aims to create a more structured environment for both landlords and tenants. Major Changes in the Policy Here are the significant changes you need to know: 1️⃣ Mandatory Online Registration Traditional stamp-paper agreements will no longer be valid in many states. All rent agreements must be create

Whether you're an individual pledging gold, a small jewelry artisan, or a business dealing with gold/silver, these new rules are designed to bring more transparency, fairness, and safety into the entire gold loan system. Here’s the update in simple words 👇 ✨ No more loans to buy gold jewelry, coins, ETFs… all restricted. ✨ Longer repayment time now up to 270 days. ✨ Small artisans & jewelry makers get major relief with extended timelines. ✨ Banks must return your gold within

Ever received a tax survey notice or felt overwhelmed by the complex tax rules? You are not alone. Navigating the maze of tax laws, deadlines, and compliance can be stressful. Here’s how professional tax consulting benefits you by making the process smooth, accurate, and stress-free. Understanding Tax Consulting Benefits Tax consulting is more than just filing returns. It is a strategic service that helps individuals and businesses plan their taxes efficiently, avoid penaltie

Ever received a tax survey notice or a letter from the tax department that made your heart skip a beat? It’s a common experience, but it doesn’t have to be stressful. Understanding how to handle these communications calmly and effectively can save you time, money, and worry. Here’s how you can approach tax warning resolution with confidence and clarity. Understanding Tax Warning Resolution: What It Means for You When you receive a tax notice, it’s essentially the tax authorit

The Central Board of Direct Taxes (CBDT) has extended the due dates as follows: 🔹 Tax Audit Report (Form 3CA/3CB/3CD) — extended from 31st October 2025 ➡️ 10th November 2025 🔹 Income Tax Return (ITR) for Audit Cases — extended from 31st October 2025 ➡️ 10th December 2025 This extension provides much-needed relief to all taxpayers and professionals amidst ongoing filing season pressure. 🧾 Stay compliant and file your returns on time — reach out to ASAtax by Abhishek for has

Ever received a tax survey notice or a letter from the Income Tax Department and felt a wave of worry? You are not alone. Many individuals and businesses find these communications confusing and stressful. The good news is that understanding the reasons behind these notices can help you respond calmly and correctly. Here’s how you can handle it stress-free and stay on top of your tax matters. Common Reasons for Tax Notices Tax authorities send notices for various reasons, ofte

Ever received a tax survey notice or a letter from the Income Tax Department and felt a wave of panic? You are not alone. Many individuals and businesses face this situation, especially during tax season or after filing their returns. The good news is that handling such notices is manageable if you know the right steps. Here’s how to handle tax notice procedures stress-free and stay compliant. What Are Tax Notice Procedures and Why Do They Matter? Tax notice procedures refer

From “One Nation, One Tax” to “One System, One Standard,” the GST framework just got its biggest makeover yet. Understanding the GST Reforms Announced by PM Modi and effective from September 22, 2025, the reforms simplify the structure, rationalize rates, and make compliance smarter. This is a significant shift in how GST operates in India. Key Changes Effective from October 1, 2025 Here’s what changes from October 1, 2025: ✅ Manual GSTR-2B—no more auto ITC ✅ 180-day ITC clai

Think of HUF as your family’s financial teammate. Here’s what it helps you do: ✅ Split income and reduce overall tax ✅ Claim extra...

Ever received a tax notice and wondered what it means or how to respond? Tax authorities send various types of notices to individuals and...

Ever heard of the term “HUF” and wondered what it really means? The Hindu Undivided Family  (HUF) isn’t just an age-old tradition—it’s...

Ever received a tax survey notice or felt overwhelmed by the piles of documents needed for filing your income tax return? Tax season can...

Ever received a tax notice and felt a sudden rush of panic? You are not alone. Tax authorities send various types of notices to...

Ever received a tax survey notice or felt overwhelmed by the complex tax filing process? You're not alone. Tax laws in India are...

Ever received a tax survey notice or felt overwhelmed by the maze of tax rules and deadlines? Managing taxes can be stressful, especially...

Ever received a tax survey notice or felt overwhelmed by the complex tax filing process? You're not alone. Managing taxes can be...

Ever received a tax survey notice and felt overwhelmed? Managing taxes can be stressful, especially with ever-changing rules, deadlines,...

Ever received a tax survey notice or felt overwhelmed by the complex tax filing process? You're not alone. Managing taxes can be...