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Filing income tax returns is not only a statutory obligation but also a financial discipline that every business must adhere to. For partnership firms, staying compliant with the Income Tax Act is crucial.  Partnership firm income tax return filing 2025  involves several key steps, documentation, and deadlines that business owners must keep track of to avoid penalties and ensure smooth operations. In this blog, we’ll break down the process, due dates, and guide you through eFiling procedures for the current financial year. ​ 1. Understanding the Basics of Partnership Firm Taxation A  partnership firm , whether registered or unregistered, is liable to pay income tax under the provisions of the Income Tax Act, 1961. Unlike individual filings, partnership firms have distinct filing rules: 30 percent flat tax on total income. 12% surcharge  if income exceeds ₹1 crore. Health and education cess  at 4% on tax amount. Even if the firm reports a loss or no inc...

In 2025, starting a nonprofit organization in India has become more streamlined and legally recognized, thanks to improvements in the  section 8 company registration process 2025 a. Section 8 companies, governed by the Companies Act, 2013, are ideal for those looking to promote charitable causes like education, social welfare, environment protection, and more. Whether you're an NGO, trust, or a group of individuals aiming for social impact, registering under Section 8 provides credibility, legal protection, and funding opportunities. In this comprehensive guide, we walk you through everything you need to know—how to register a Section 8 company in India, the benefits of this structure, documentation, and the compliance framework you must follow post-registration.  What Is a Section 8 Company? A Section 8 Company is a type of legal entity established under Section 8 of the Companies Act, 2013, specifically designed to promote non-profit goals such as: Education A...

  In a significant move to streamline corporate governance and financial accountability, the Ministry of Corporate Affairs (MCA) has introduced  updated CA appointment rules for Pvt Ltd 2025 . These changes apply to both newly registered private limited companies and existing ones, aiming to ensure timely audit procedures and regulatory compliance. Understanding these rules is crucial for business owners, directors, and compliance managers, especially with stricter penalties in place for delayed appointments.  Why CA Appointment is Mandatory for Private Limited Companies In India, Private Limited Companies are required by Section 139 of the Companies Act, 2013 to designate a Chartered Accountant (CA) as a statutory auditor within 30 days of their incorporation. The appointed CA handles the audit of financial statements, verifies statutory filings, and ensures compliance with MCA and Income Tax regulations. With the  Chartered accountant compliance July 20...

In a major policy move, the Indian government, through the Employees’ State Insurance Corporation (ESIC), has issued an urgent advisory for all employers to enroll eligible workers under the ESIC schem e . This announcement aligns with the broader goal of enhancing social security for the working class. The directive emphasizes mandatory  ESIC employee registration 2025  for all eligible employees to ensure healthcare, maternity, and financial security benefits are accessible across industries. The Ministry of Labour and Employment has clarified that failure to comply with the ESIC registration mandate will attract penalties, legal scrutiny, and may result in disqualification from government tenders or contracts. This update reaffirms the government's push toward inclusive, structured, and enforceable employee welfare mechanisms. What is ESIC and Why It Matters in 2025? The ESI Act of 1948 governs the self-financing social security and health insurance program known ...

Freelancing in India has become a mainstream career option, offering flexibility and freedom. But with independence comes the responsibility of managing your own taxes.  Income Tax Filing 2025 can feel overwhelming if you're not well-prepared—especially with changes introduced by the government year to year. This blog will walk you through a  complete checklist  tailored specifically for Indian freelancers to file their income tax correctly and on time. ​  1. Understand Your Income Sources Freelancers often have multiple income streams: project-based payments, retainers, affiliate earnings, and even digital product sales. It’s essential to consolidate all income earned between  1st April 2024 and 31st March 2025 . Key Actions: Track income using software like Zoho Books or Tally Maintain invoices and receipts for each transaction. Reconcile your bank account statements with earned income. 2. Register Under the Right Tax Regime India currently offers tw...