Baniya Associates

ITR Filing 2026: New Rules, Due Dates & Common Mistakes

itr filing

Filing your income tax return is an essential responsibility for every taxpayer, and ITR Filing in 2026 comes with a few important updates. Whether you are a salaried employee, freelancer, or business owner, understanding the latest rules and deadlines can help you avoid penalties and ensure smooth compliance. The financial year 2025-26 brings changes in … Read more

TDS Master Table 2026-27: Complete TDS Rates, Sections & Chart (Income Tax Act 2025)

The income tax act plays a crucial role in shaping how taxes are collected and managed in India, especially through mechanisms like TDS (Tax Deducted at Source). With the introduction of updated provisions, understanding TDS has become essential for both individuals and businesses dealing with regular financial transactions. The updated framework under the income tax … Read more

GSTN Advisory: Mandatory Confirmation of Tax Liability Breakup in GSTR-3B from Feb 2026

GSTN advisory 2026

The GSTN advisory 2026 introduces a significant update for taxpayers filing their GSTR-3B returns. Starting from the February 2026 tax period, businesses will be required to confirm the tax liability breakup before submitting their returns. This step has been added to improve the accuracy of tax reporting and reduce common filing errors. As GST compliance … Read more

How MSMEs Drive Economic Growth and Employment in India

msme

Micro, Small, and Medium Enterprises play a crucial role in strengthening India’s economic structure. The msme sector contributes significantly to production, exports, and grassroots innovation across industries. By supporting small businesses and local entrepreneurship, it ensures that economic development reaches both urban and rural regions. In a diverse and growing economy, small enterprises create opportunities … Read more

How to File GST Returns

GST Return Filling

Filing GST returns is a regular responsibility for registered taxpayers in India, and understanding the process helps avoid errors, penalties, and unnecessary stress. GST return filing involves reporting details of sales, purchases, tax collected, and tax paid to the government within specified timelines. When done correctly, it ensures smooth compliance and accurate tax records. This … Read more

Union Budget 2026-27: Key Takeaways, Tax Changes & Major Announcements Explained

budget 2026

What is Union Budget? The Union Budget is the annual financial statement of the Government of India, presented in Parliament every year on 1st February. It outlines the government’s estimated revenue and expenditure for the upcoming financial year, in this case FY 2026–27. Through the Union Budget, the government announces important decisions related to income … Read more

TDS Applicability in India: Complete Guide for FY 2025–26

TDS applicability in India for FY 2025-26 covering salary, rent, GST, 194Q and 194R

TDS Applicability is one of the most important concepts under the Indian Income Tax Act, 1961. Tax Deducted at Source (TDS) ensures timely collection of tax by deducting it at the point of income generation. Understanding TDS applicability helps individuals and businesses remain compliant, avoid penalties, and plan their taxes efficiently. This guide explains TDS … Read more

TDS Rate: Complete Guide with TDS Rate Chart F.Y. 2025–26

Tax Deducted at Source (TDS) is one of the most important mechanisms under the Indian Income Tax Act to ensure timely tax collection. Understanding the correct TDS rate is crucial for businesses, professionals, and individuals to remain compliant and avoid penalties. With the new financial year approaching, taxpayers must be aware of the tds rates … Read more

Benefits of Filing Income Tax as per Slab for FY 2025–26

Benefits of filling income tax slab for 2025–26 go far beyond mere legal compliance. Filing income tax returns on time helps individuals build financial credibility, claim tax benefits, avoid penalties, and plan wealth effectively. With updated rules and revised income tax slabs 2025-2026, taxpayers must understand why choosing and filing under the correct slab is … Read more

How can I register my brand name in India?

  How Do I Register My Brand Name? How Do I Register My Brand Name? The brand name, an Intellectual Property (IP) branch, serves as the brand name’s invincible armor. While the Brand Names Act of 1999 allows applicants to register their brand names, this is rarely successful due to the complications that arise during … Read more