DGB Tax Consultants

13/07/2025

06/07/2025

29/06/2025

"Smart people don’t wait till the deadline—file your Income Tax Return with ease at DGB Tax Consultancy! 💼🧾 "

22/06/2025

23/05/2025

30/03/2025

Tax deadline 2025: Complete these 10 important financial tasks before 31 March 2025

Every year we get worried about tax saving and other important financial tasks at the last minute. So act fast and see what investment and tax activities are pending from your end.

The financial year (2024-25) is going to end on March 31. Most of our investment, savings, and tax activities are directly linked to the financial year.

Every year, most of us get worried about tax savings and other important financial tasks at the last minute. So, act fast and see which investment and tax-related activities are pending on your end. Completing these financial tasks before March 31 will not only save you on taxes but will also protect you from penalties and unnecessary stress.

Here are 10 important tasks to complete now to wrap up the financial year smoothly and hassle-free.

Take full advantage of tax exemption up to Rs 1.5 lakh (Section 80C)
There are several savings cm investment plans – ELSS mutual funds, PPF, EPF, NSC, tax-saving FDs and more, which can give you tax deduction benefits under Section 80C. Tax deduction benefits can be claimed up to Rs 1.5 lakh by investing in these instruments.

Get additional tax exemption of up to Rs 50,000 in NPS (Section 80CCD)
If you have fully used 80C and want further deduction benefit, NPS allows you to avail additional deduction option of Rs 50,000 under Section 80CCD(1B).

Health insurance – save tax and get protection too! (Section 80D)
Having health insurance is very important in today’s time. Health insurance can help you get tax deduction benefit of up to Rs 75,000 on the policy bought for yourself, family and parents. This will also protect medical expenses and reduce tax.

File updated ITR
If you want to file an updated ITR for FY 2023-24 due to some mistake in it, then it can be corrected till 31 March 2025. If you miss this deadline you might face heavy penalties.

Pay advance tax and avoid penalty
If your total tax liability (excluding TDS) is more than Rs 10,000, then you have to pay advance tax by 31 March. Otherwise you may have to pay interest and penalty.

Forgot to link PAN-Aadhaar? Do it now
If your PAN is not linked to Aadhaar, then get it done before the deadline of 31 March. Otherwise your PAN may become inactive, which will cause problems in banking and financial work.

Invest in 54EC bonds to avoid capital gains tax
If you have recently sold a property and want to avoid long-term capital gains tax, invest up to ₹50 lakh in 54EC bonds of NHAI or REC before March 31.

Check TDS details in Form 26AS and AIS to ensure there is no error
If TDS has been deducted on your salary or investment, then definitely check your Form 26AS and AIS (Annual Information Statement). If there is any error, get it corrected soon so that there is no problem in tax
Submit the necessary documents for claiming HRA and LTA
If you live in a rented house and want to avail the benefit of HRA, then give the rent receipts to your employer before March 31. Similarly, if you have travelled during the holiday and want to avail LTA, submit travel tickets and other documents on time.

Review your investment portfolio – where to invest, where to withdraw?
The month of March is the right time to review your investments. If you want to book profit or avoid long-term capital gains tax, plan

01/03/2025

🍕🍿 Did You Know GST Rates On Pizza And Popcorn Vary? Get The Full Scoop With DGB Tax Consultants💡

27/02/2025

📢 Understanding GST: What Every Business Should Know!

What is GST?
Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax levied on every value addition. It has simplified the tax structure by subsuming many indirect taxes under one umbrella.

Why is GST Important?
✅ Simplifies Taxation: Merges multiple taxes into one.
✅ Reduces Tax Evasion: With a transparent and digital system.
✅ Boosts Compliance: Easy returns filing through the GST portal.
✅ Enhances Business Efficiency: Input tax credit reduces the tax burden.

Key Compliance Tips:
1. Timely Filing: Avoid late fees and penalties.
2. Accurate Invoicing: Include all mandatory details in GST invoices.
3. Maintain Proper Records: Essential for input tax credit claims.
4. Regular Reconciliation: Match your sales and purchase data.

Need Help with GST?
At DGB Tax Consultants, we make GST compliance easy and hassle-free. Whether it’s registration, filing, or advisory, our experts are here to guide you every step of the way.

📞 Contact Us Today!

26/02/2025

🚀 Finance Bill 2025 – Major Income Tax Amendments You Must Know! 📢💰

The Union Budget 2025 has brought significant changes in income tax laws that will impact individuals, businesses, and investors. Here’s a quick summary of the most important amendments:

📌 1️⃣ New Income Tax Slabs (Effective from April 1, 2026)
✔️ Up to ₹4,00,000 – No Tax
✔️ ₹4,00,001 – ₹8,00,000 – 5%
✔️ ₹8,00,001 – ₹12,00,000 – 10%
✔️ ₹12,00,001 – ₹16,00,000 – 15%
✔️ ₹16,00,001 – ₹20,00,000 – 20%
✔️ ₹20,00,001 – ₹24,00,000 – 25%
✔️ Above ₹24,00,000 – 30%

📌 2️⃣ Section 87A Rebate Boost 🆕
✅ Tax rebate limit increased from ₹5,00,000 to ₹7,50,000
✅ Maximum rebate hiked from ₹12,500 to ₹25,000
💡 Middle-income earners get more tax relief!

📌 3️⃣ Lower TDS Burden – Key Changes
🔹 Interest on debentures (Sec 193) – TDS limit raised to ₹10,000
🔹 Bank interest (Sec 194A) – Exemption limit ₹50,000 (general) | ₹1,00,000 (senior citizens)
🔹 Rent (Sec 194-I) – No TDS for monthly rent below ₹50,000
🔹 Professional Fees (Sec 194J) – TDS limit raised to ₹50,000

📌 4️⃣ Crypto & Digital Asset Taxation Update
🛑 Virtual Digital Assets (VDAs) now included in "undisclosed income"
💼 Crypto gains taxed at 30%, with strict reporting norms

📌 5️⃣ Startups & IFSC Get a Boost 🚀
🎯 100% Tax Exemption for Startups extended to 2030 (Sec 80-IAC)
🌍 IFSC Units continue to enjoy tax benefits until 2030

📌 6️⃣ Major Reforms in Search & Seizure Laws
📑 Crypto holdings will now be covered under undisclosed income rules
📅 Assessment & penalty timelines extended for transparency

📌 7️⃣ Important TDS/TCS Reforms (Sec 206AB & 206CCA)
🚫 Higher TDS/TCS for non-filers scrapped!

💡 What does this mean for you?
✔️ More savings for middle-class taxpayers
✔️ Simplified tax deductions for professionals & businesses
✔️ Strict crypto taxation policies for better compliance
✔️ Long-term incentives for startups & IFSC investors

💬 What are your thoughts on these changes? Share your views in the comments! ⬇️

19/02/2025

📢 Zero Income Tax till ₹12 Lakh Income under New Tax Regime

▶️ Slabs and rates being changed across the board to benefit all tax-payers

▶️ New structure to substantially reduce taxes of middle class and leave more money in their hands, boosting household consumption, savings and investment

▶️ No income tax is needed to be paid for total income upto ₹ 12 Lakh per annum