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Order your Digital Signature Certificate today!Get your Digital Signature Certificate for filing your ITR, GST Returns, ...
13/05/2026

Order your Digital Signature Certificate today!

Get your Digital Signature Certificate for filing your ITR, GST Returns, ROC filings, Tender applications etc

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Tax Shield Kolkata

  Tax Form 125 explained simply ๐Ÿ“ŒForm 125, earlier Form 12BBA, is meant for specified senior citizens aged 75 years or a...
27/04/2026

Tax Form 125 explained simply ๐Ÿ“Œ

Form 125, earlier Form 12BBA, is meant for specified senior citizens aged 75 years or above who have income only from pension and interest received through the same specified bank.

By submitting this declaration to the specified bank, eligible senior citizens may get exemption from filing ITR, while the bank computes income and deducts applicable tax.

Important points to remember:
โœ… Applicable only to resident individuals aged 75+
โœ… Income should be limited to pension and interest
โœ… Pension and interest must be through the specified bank
โœ… Form 125 does not automatically mean no TDS
โœ… If other income arises, ITR filing may become necessary

Save this post and share it with senior citizens or family members who should know this.

For professional tax guidance, contact Tax Shield.

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New Income Tax Forms update for 2026 ๐Ÿ“ŒFrom April 2026, new form-code mapping may impact TDS certificates, TDS returns, s...
27/04/2026

New Income Tax Forms update for 2026 ๐Ÿ“Œ

From April 2026, new form-code mapping may impact TDS certificates, TDS returns, statements, special forms, and routine tax compliances.

Taxpayers, businesses, deductors, accountants, and tax professionals should carefully review the updated form codes before filing or issuing any compliance documents.

Key action points:
โœ… Update internal compliance checklists
โœ… Revise software/templates
โœ… Brief staff and clients
โœ… Verify the latest official notification before filing

Small form-code changes can lead to compliance mistakes if ignored.

Save this post for reference and share it with your accounts/tax team.

For professional tax guidance, contact Tax Shield.

Restaurant owners, donโ€™t ignore tax department nudges โš ๏ธIf you have received a SAKSHAM Nudge or any communication regard...
27/04/2026

Restaurant owners, donโ€™t ignore tax department nudges โš ๏ธ

If you have received a SAKSHAM Nudge or any communication regarding possible turnover mismatch, review your records carefully before the deadline.

Check:
โœ… GST turnover vs ITR turnover
โœ… POS and digital payment records
โœ… Bank deposits and cash trail
โœ… Sales records and books of account
โœ… Notices/messages received from the department

Acting early can help reduce scrutiny risk, correct genuine reporting errors, and keep your compliance position stronger.

Need help reviewing your turnover data or ITR/GST mismatch?
Contact Tax Shield for professional assistance.

Save this post and share it with restaurant owners who should know this.

Under the new tax regime, income up to โ‚น12 lakh may become tax-free due to rebate under Section 87A.For salaried taxpaye...
27/04/2026

Under the new tax regime, income up to โ‚น12 lakh may become tax-free due to rebate under Section 87A.

For salaried taxpayers, the effective no-tax level can go up to โ‚น12.75 lakh after considering the โ‚น75,000 standard deduction.

But remember: choosing between the old and new regime depends on your deductions, salary structure, investments, home loan, HRA, and overall income composition.

โœ… Compare both regimes
โœ… Calculate deductions
โœ… Review salary/investments
โœ… Choose before filing your return

Save this post for quick reference and share it with someone who should know this.

For professional tax guidance, contact Tax Shield.

CBDT's restaurant verification initiative. Key points from March 2026 press release.
27/04/2026

CBDT's restaurant verification initiative. Key points from March 2026 press release.

โš ๏ธ Donโ€™t Delay! Late TDS deposit attracts 1.5% monthly interest. Plan your funds and verify PAN details early.Stay infor...
29/05/2025

โš ๏ธ Donโ€™t Delay! Late TDS deposit attracts 1.5% monthly interest. Plan your funds and verify PAN details early.
Stay informed and make your property purchase smooth and tax-safe! ๐Ÿก

Consult with us to file your TDS return and ITR before the due date!

Call/ whatsapp: 99030 10765
Email: [email protected]
Web: www.taxshield.co.in
Address: Entally, Kolkata and Metcalfe Street, Kokata

The new and updated ITR 3 form has been notified by CBDT. The ITR season for AY 2025โ€“26 is here โ€“ and with some importan...
02/05/2025

The new and updated ITR 3 form has been notified by CBDT.

The ITR season for AY 2025โ€“26 is here โ€“ and with some important changes!

Connect with us to file your ITR before the due date!

Call/ whatsapp: 99030 10765
Email: [email protected]
Web: www.taxshield.co.in
Address: Entally, Kolkata and Metcalfe Street, Kokata

The ITR season for AY 2025โ€“26 is here โ€“ and with some important changes!From LTCG relaxations to Aadhaar rules and TDS d...
01/05/2025

The ITR season for AY 2025โ€“26 is here โ€“ and with some important changes!
From LTCG relaxations to Aadhaar rules and TDS disclosures, hereโ€™s what you need to know before filing.

Connect with us to file your ITR before the due date!

Call/ whatsapp: 99030 10765
Email: [email protected]
Web: www.taxshield.co.in
Address: Entally, Kolkata and Metcalfe Street, Kokata

E-invoice update effective from 1/4/2025.๐Ÿ“ž Need help navigating GST/ Income Tax?       Letโ€™s talk. File your ITR/ GSTR w...
29/04/2025

E-invoice update effective from 1/4/2025.

๐Ÿ“ž Need help navigating GST/ Income Tax?
Letโ€™s talk.

File your ITR/ GSTR with our professional consultation.

Call/ whatsapp: 99030 10765
Email: [email protected]
Web: www.taxshield.co.in
Address: Entally, Kolkata and Metcalfe Street, Kokata

Latest updates regarding Hospitality Sector and Used Car sellers.๐Ÿ“ž Need help navigating GST/ Income Tax?       Letโ€™s tal...
29/04/2025

Latest updates regarding Hospitality Sector and Used Car sellers.

๐Ÿ“ž Need help navigating GST/ Income Tax?
Letโ€™s talk.

File your ITR/ GSTR with our professional consultation.

Call/ whatsapp: 99030 10765
Email: [email protected]
Web: www.taxshield.co.in
Address: Entally, Kolkata and Metcalfe Street, Kokata

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