Deepak Kumar Singh
0 comments February 23, 2025

Cash Transactions: Limits and Legal Implications

The limits on cash transactions and their legal consequences can differ from one country to another. The government of India has introduced stringent regulations on cash transactions that aim to tackle tax evasion and encourage digital payments. These regulations are mainly outlined in several sections of the Income Tax Act of 1961, specifically sections 269SS, […]

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Deepak Kumar Singh
0 comments February 23, 2025

GSTR-3B: Two Important Changes from January 2025

Important Update Taxpayers will not be able to modify values auto-populated in GSTR-3B from GSTR-1/1A/IFF or GSTR-2B as it will automatically derived from supplies declared in GSTR-1, GSTR-1A, or IFF. FORM GSTR-3B will be frozen from January 2025, as it changes the previous process where GSTR-3B could be filed even if GSTR-2B wasn’t available. Now, […]

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