India’s four Labour Codes—on wages, social security, industrial relations, and workplace safety—have become legally effective from 21 November 2025, replacing 29 central labour laws and triggering a phased implementation as state rules are notified. The biggest change is the new unified wage definition, which requires at least 50% of total pay to count as “wages”, increasing PF, gratuity and other statutory costs. Social-security coverage expands to more workers, including gig and unorganised sectors, while hiring and exit rules are eased for smaller units and formalised for larger ones through a higher 300-worker threshold. The Codes also introduce flexible work-hour models, stricter overtime rules, and a shift to digital, audit-ready compliance systems. Businesses must redesign salary structures, update HR policies, assess contractor arrangements, invest in digital compliance tools, and train HR and payroll teams for smooth transition.
The ITR-5 Form is a specific income tax return document meant for entities such as Firms, LLPs, AOPs, and BOIs. This guide outlines the eligibility criteria, key structural updates for Assessment Year 2025-26, and the step-by-step procedure for online filing. It also highlights mandatory requirements such as audit report e-filing and the use of Digital Signatures for certain taxpayers.
This comprehensive guide outlines the procedure for filing Income Tax Returns (ITR) online for the Financial Year 2024-25. It details the required documents, provides a step-by-step walkthrough for both online and offline filing methods, and clarifies the criteria for mandatory filing. Additionally, it addresses options for filing belated returns if the original deadline has been missed.
In GSTR-3B, ITC must match GSTR-2B to avoid audit issues. Table 4(A)(5) shows eligible ITC (net of credit notes), 4(B)(1) records permanent reversals that cannot be reclaimed, and 4(B)(2) captures temporary reversals that can be reclaimed later. Correct classification and regular reconciliation prevent ITC loss, mismatches, and penalties during GST assessments.
Use the residual method for GST valuation when standard rules fail. Ensure values are reasonable and justifiable to avoid strict penalties.
Easily verify your ITR via ICICI NetBanking by generating an EVC online, eliminating the need for physical paperwork.
FSSAI’s Food Safety Mitra scheme empowers certified individuals to assist food businesses with compliance. Explore the three distinct roles and eligibility.
Learn to download Form ITR-V and verify your return via Aadhaar OTP, net banking, or post. Includes steps to access past tax records.
The CBDT has extended the ITR filing deadline for FY 2024-25 to September 16 due to technical glitches on the tax portal.
Learn how to submit a Condonation Request for delayed ITR verification. Includes step-by-step instructions and latest CBDT guidelines.
Understand the GST cost method, where supply value is calculated as 110% of cost. This rule applies when open market value is unavailable.
Learn how homeowners can file ITR-1 and claim loan deductions under Sec 24, 80C & 80EEA. Includes eligibility and step-by-step filing instructions.
Comprehensive explanations, FAQs, and updates about Tax, Finance, and Compliance.
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