TaxPill

TaxPill Accounting services, Filing (Income Tax, GST, TDS returns), PAN/ TAN applicaion, MSME registration. We are engaged in Consultancy in Income Tax and GST.

We also extend our services to Book keeping, filing of Income Tax, GST & TDS returns.

πŸ”΄ BIG GST UPDATE β€” Govt may soon lock manual editing in GSTR-3B! πŸ‘‡Once your return is auto-populated from GSTR-1 & GSTR-...
16/05/2026

πŸ”΄ BIG GST UPDATE β€” Govt may soon lock manual editing in GSTR-3B! πŸ‘‡
Once your return is auto-populated from GSTR-1 & GSTR-2B β€” you may NOT be able to edit it before filing. Here's what this means for your business πŸ‘‡
What's changing:
πŸ”’ Editing in GSTR-3B may be disabled once auto-filled
πŸ“‹ Returns will be based on invoices uploaded by suppliers
βœ… Changes still possible via GSTR-1A and IMS
⏳ Proposal goes to GST Council for final approval
Why is Govt doing this:
β†’ Reduce ITC fraud & fake invoice claims
β†’ Tighten checks on defaulting suppliers
β†’ Move towards system-driven automated compliance
⚠️ The concern for honest taxpayers:
If your supplier files incorrect data or files late β€” YOU may be denied ITC through no fault of your own. KPMG, Deloitte & AMRG Global have all flagged this risk.

βœ… What you should do NOW:
1️⃣ Start monitoring GSTR-2B every month immediately after 14th
2️⃣ Follow up with suppliers to file GSTR-1 accurately & on time
3️⃣ Learn to use IMS (Invoice Management System)
4️⃣ Build a monthly purchase register vs GSTR-2B reconciliation process
Swipe through all 8 slides for the full analysis πŸ‘†

πŸ“ž Need GST advisory support? We're here.
πŸ“± +91 99520 26713 | πŸ“§ [email protected]
πŸ“ Perambur, Chennai


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πŸ“’ MAJOR UPDATE β€” New Income Tax Act 2025 is here!Effective 01.04.2026 β€” here are the 7 BIG changes every salaried employ...
15/05/2026

πŸ“’ MAJOR UPDATE β€” New Income Tax Act 2025 is here!

Effective 01.04.2026 β€” here are the 7 BIG changes every salaried employee, business owner and finance professional must know πŸ‘‡

1️⃣ HRA RULES UPDATED
Hyderabad, Bengaluru & Pune are now metro cities. Higher HRA exemption for employees in these cities. Landlord PAN mandatory if rent > β‚Ή1 lakh/year.

2️⃣ BIG ALLOWANCE HIKES
πŸ“š Children Education: β‚Ή100 β†’ β‚Ή3,000/month
🏫 Hostel Allowance: β‚Ή300 β†’ β‚Ή9,000/month
🍽️ Meal Allowance: β‚Ή100 β†’ β‚Ή200/meal
🎁 Festival Gift: β‚Ή5,000 β†’ β‚Ή15,000/year
β™Ώ Transport (Disabled): β‚Ή8,000 β†’ β‚Ή15,000/month

3️⃣ ITR DUE DATES CHANGED
β€’ Salaried β€” 31st July 2026
β€’ Freelancers/Professionals β€” 31st Aug 2026
β€’ Audit Cases β€” 31st Oct 2026
β€’ Transfer Pricing β€” 30th Nov 2026

4️⃣ REVISED RETURN DEADLINE EXTENDED
Revised return: up to 31st March 2027 (3 months more!)
Belated return: up to 31st December 2026
Late fees still apply: β‚Ή1,000–₹5,000

5️⃣ CAR PERQUISITE LIMITS REVISED
πŸš— Below 1600cc: β‚Ή1,800 β†’ β‚Ή5,000/month
πŸš™ Above 1600cc: β‚Ή2,400 β†’ β‚Ή7,000/month
πŸ‘¨β€βœˆοΈ Driver Allowance: β‚Ή900 β†’ β‚Ή3,000/month

6️⃣ TAX FORMS RENAMED
β€’ Form 16 β†’ Form 130
β€’ Form 26AS β†’ Form 168
β€’ Form 15G/15H β†’ Form 121
β€’ Tax Audit Forms β†’ Form 26

7️⃣ NEW TAX REGIME β€” β‚Ή12.75 LAKH EFFECTIVELY TAX-FREE
β‚Ή12 lakh zero tax (Rebate 87A) + β‚Ή75,000 standard deduction = β‚Ή12.75 lakh tax-free for salaried employees.
⚠️ But remember β€” HRA, 80C, 80D & most deductions NOT available under new regime.

πŸ’‘ This is not just a tax update β€” it's a complete compliance transformation.

Swipe through all 9 slides for the full breakdown πŸ‘†

Need help navigating the new IT Act? We've got you covered.
πŸ“± +91 99520 26713
πŸ“§ [email protected]
πŸ“ Perambur, Chennai

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    crash course
24/09/2018

crash course

  extends due date of     returns
24/09/2018

extends due date of returns

31/07/2018

Note this Guys

14/07/2018

The results of 2018 exams will be declared on the 20th of July around 6.00 p.m.

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