WHEN ITR FILING IS MANDATORY
WHEN ITR FILING IS MANDATORY That common myth—”No tax, no ITR”—is a trap that often leads to a pesky love letter from the Income Tax Department. While the basic exemption limit (currently ₹2.5 lakh in the Old Regime and ₹3 lakh in the New Regime) is the standard rule, there are several “triggers” that make […]
Why GST Registration is the Secret Growth Engine for Small Businesses
When the Goods and Services Tax (GST) launched in India, many small business owners viewed it merely as a “paperwork headache.” The fear of strict filings and potential fines led many startups and MSMEs to stay away. However, viewing GST only as a tax requirement is a mistake. At Advocate Debabrata & Co., we believe […]