Tax Labs

Tax Labs We are your one stop solution for all your Tax and Audit Compliances

11/04/2026

🚨 Big Update for Taxpayers & Deductors! 🚨

The shift from the Old Income-tax Act to the New Income-tax Act is bringing important changes you shouldn’t miss 👇

📌 TDS Provisions Revamped
The TDS sections are being streamlined for better clarity and compliance.

📌 Goodbye Form 15G / 15H 👋
Say hello to Form 121 – the new declaration replacing the old forms for claiming non-deduction of TDS.

💡 What does this mean for you?
✔️ Simplified compliance
✔️ Better transparency
✔️ Reduced chances of errors

⚠️ Stay updated. Stay compliant. Avoid penalties.

📲 Need help understanding how this impacts you or your business?
We’ve got you covered.

— Taxlabs

02/04/2026

Income Tax changing after 64 years 🔥

Are you ready for the new system?

Don’t wait till notices come ⚠️
Stay compliant. Stay ahead.

📩 DM us for:
✔️ Tax Filing
✔️ GST
✔️ Business Compliance

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Form 16 is not the return.Form 16A is not the tax calculation.They are just TDS certificates.The real work starts after ...
27/02/2026

Form 16 is not the return.

Form 16A is not the tax calculation.

They are just TDS certificates.

The real work starts after that.

Don’t risk notices or refunds.

Let professionals handle your ITR.
📩 Message us today.

🚨 BIG RELIEF FOR DEFAULTING COMPANIESThe Ministry of Corporate Affairs has introducedCompanies Compliance Facilitation S...
24/02/2026

🚨 BIG RELIEF FOR DEFAULTING COMPANIES
The Ministry of Corporate Affairs has introduced
Companies Compliance Facilitation Scheme, 2026 (CCFS-2026).
This is a one-time opportunity for companies to regularise pending annual filings at a heavily reduced additional fee.
🗓 Scheme Period: 15.04.2026 to 15.07.2026
🔎 Key Benefits:
✔ File pending Annual Return (MGT-7 / 7A)
✔ File Financial Statements (AOC-4 series)
✔ Pay only 10% of additional fees
✔ Apply for Dormant status at 50% fees
✔ Apply for Strike Off at 25% fees
Under Section 403, delay normally attracts ₹100 per day without upper limit.
This scheme can save companies lakhs in additional fees.
⚖ Immunity from penalty under Sections 92 & 137 (subject to conditions).
After 15 July 2026, strict action will resume against defaulting companies.
If your company has 2–5 years pending compliance,
this is the right time to act.
📩 DM us for compliance review.



Grandparents are family… but not always under Stamp Law! ⚖The Madras High Court has clarified that settlements from gran...
23/02/2026

Grandparents are family… but not always under Stamp Law! ⚖
The Madras High Court has clarified that settlements from grandchild to grandparent will NOT get concessional stamp duty in Tamil Nadu.
Before registering a settlement deed, check the legal position carefully.

LegalUpdate

Cost Inflation Index for the Financial Year 2025-2026 is fixed at 376 Notified by CBDT dated 01st July 2025. This shall ...
02/07/2025

Cost Inflation Index for the Financial Year 2025-2026 is fixed at 376
Notified by CBDT dated 01st July 2025.

This shall come into force from 01 April 2026.

06/11/2022

Hello Friends and Family ,
Welcome to Tax Labs.
We are an accounting Firm specialised at Book-Keeping and Tax Audits (Both Direct and Indirect Tax Audits).
We are your one stop solution for all your tax compliances!!

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