N R Gugale & Co

📢 New TDS Rule for Partnership Firms – Section 194T
(Effective from 1 April 2025)

From FY 2025–26, Partnership Firms & LLPs must deduct TDS on certain payments to partners.

🔹 TDS Rate: 10%
🔹 Applicable if total payment exceeds ₹20,000/year
🔹 Covers salary, interest, commission & bonus

❌ No TDS on capital withdrawals

📝 Be TDS-ready from 1 April 2025. Review partnership deed & accounting practices in advance.

📢 GST DUE DATE ALERT – GSTR-3B (December 2025) 📢

🗓 Due Date: 20th January 2026

📄 GSTR-3B is a summary return containing:
✔ Details of outward supplies
✔ Input Tax Credit (ITC) claimed
✔ Net GST liability

👥 Applicable to:
• Registered persons with turnover exceeding ₹5 crore in the preceding financial year, or
• Registered persons not opted for the QRMP scheme for the quarter Oct–Dec 2025

⚠️ Delay in filing may result in:
• Late fees
• Interest on tax payable
• Restrictions on filing subsequent GST returns

📌 Taxpayers are advised to ensure timely filing to remain compliant under GST law.

📢 TDS RETURN DUE DATE ALERT – Q3 (Oct–Dec 2025) 📢

🗓 Due Date: 31st January 2026
📄 Quarterly TDS Return for the quarter ending 31st December 2025

⚠️ Delay can lead to:
❌ Late fee u/s 234E
❌ Interest & penalties
❌ Income Tax notices

✅ File your TDS return on time and stay fully compliant.

💼 We can help you with:
✔ TDS Return Filing
✔ Correction Statements
✔ PAN–Aadhaar Issues
✔ Handling TDS Notices

👉 Timely compliance today avoids unnecessary stress tomorrow!

🟡 TDS Payment Due Date Alert – March 2025 🟡

📢 Attention Tax Deductors!

The due date for payment of TDS deducted for the month of March 2025 is 30th April 2025.

💼 This applies to all deductors except Government offices.

❗ Late Payment Consequence: 🔹 Interest @ 1.5% per month or part thereof under Section 201(1A)

⏳ Avoid interest liability—ensure timely TDS payment and stay compliant!

Need help with TDS compliance or payment?

📍 Contact N R Gugale & Co. – Chartered Accountants

👨‍💼 CA. Nitesh R. Gugale – 📞 9423791885 / 9209200100
👩‍💼 CA. Rachana N. Gugale – 📞 9730706806 / 7972458452
📧 [email protected]
📍 Plot No. 5, Market Yard, Ahilyanagar – 414001

📅 Mark Your Calendar: 30th April 2025
✅ Timely TDS Payment = Smooth Compliance

🧾💼 ITR Filing Season is Here! Are You Ready? 💼🧾

Avoid the last-minute rush and file your Income Tax Return on time for Assessment Year 2025-26!
📢 Check the Due Dates:

📅 31st July 2025 — For Individuals / HUF / Firms (Non-Audit Cases)
📅 31st October 2025 — For Businesses Requiring Audit
📅 30th November 2025 — For Assessees Under Section 92E (Transfer Pricing Cases)

⚠️ Missed the Deadline? Late Filing Fees Apply!
💸 ₹1,000 – If total income is up to ₹5,00,000
💸 ₹5,000 – If total income exceeds ₹5,00,000

✔️ File on time to avoid penalties
✔️ Ensure smooth processing of refunds
✔️ Stay financially disciplined and compliant!

🔹 Let N R Gugale & Co. — Chartered Accountants handle your tax filing, audit, and compliance needs with precision and care.

📍 Office: Plot No. 5, Near Punya Nagari Office, Next to Sarthak Bhagwandas, Market Yard, Ahilyanagar – 414001.

📞 Contact Us:
📌 CA. Nitesh R. Gugale – 9423791885 | 9209200100
📌 CA. Rachana N. Gugale – 9730706806 | 7972458452

📧 Email: [email protected]

💼 File Early. File Right. Choose Experts.

📣 Attention Importers & Exporters!
Have you updated your IEC (Importer-Exporter Code) yet?
As per the Handbook of Procedures (HBP) 2023, it's now mandatory to update your IEC between April and June every year – even if there are no changes.

⏰ Deadline: 30th June, every year
🚫 Failure to update = Automatic Deactivation of your IEC
📦 This can disrupt your export-import business and lead to avoidable delays and losses.

📞 Contact Us Today:
👨‍💼 CA. Nitesh R. Gugale – 9423791885 / 9209200100
👩‍💼 CA. Rachana N. Gugale – 9730706806 / 7972458452
📧 Email: [email protected]
📍 Office: Plot No. 5, Near Punya Nagari Office, Market Yard, Ahilyanagar – 414001

🔔 Don’t wait till the last minute. Stay compliant. Stay stress-free.

📢 Important Reminder: Reset Invoice Numbering for FY 2025-26 📢
🔹 New Financial Year, New Invoice Series! 🔹

As we step into FY 2025-26, ensure that your business stays GST & accounting compliant by resetting your invoice numbering series today!

✅ Start a fresh invoice series (e.g., INV/2025-26/001)
✅ Maintain sequential numbering for all invoices
✅ Update your billing software & accounting records
✅ Ensure GST & Income Tax compliance to avoid penalties

📞 Need Assistance? We’re here to help with a seamless financial year transition!

📲 CA Nitesh R. Gugale – 9423791885 / 9209200100
📲 CA Rachana N. Gugale – 9730706806 / 7972458452
📧 Email: [email protected]

💼 Stay compliant & organized for a smooth financial year ahead! 🚀📑

📢 GST Alert: GSTR-3B Filing for February 2025 📢

🚨 Due Date: 20th March 2025

📌 What is GSTR-3B?
It is a mandatory monthly return that includes:
✔️ Outward supplies – Sales details
✔️ Input Tax Credit (ITC) claimed – Taxes paid on purchases
✔️ Net tax payable – Amount payable after ITC adjustments

⚠️ Why Timely Filing is Important?
🚀 Avoid late fees & interest on delayed filing
🚀 Ensure seamless ITC claims
🚀 Stay GST compliant & avoid tax complications

📝 File Before the Due Date to Avoid Penalties!

📞 Need Help? Contact Us Today!

📍 Stay Compliant, Stay Hassle-Free! ✅

📢 4th Installment of Advance Tax Due on 15th March 2025

The final installment of Advance Tax for Financial Year 2024-25 is due on 15th March 2025. Ensure timely payment to avoid penalties and interest charges.

💡 What is Advance Tax?
Advance Tax refers to the income tax paid in installments during the financial year, rather than as a lump sum at the end. It applies if your total tax liability exceeds ₹10,000 in a year.

✅ Who Needs to Pay?
✔️ Salaried individuals with additional income (rent, capital gains, business, etc.)
✔️ Self-employed professionals and business owners
✔️ Companies and freelancers with taxable income

⚠️ Consequences of Missing the Deadline
🚨 Interest Penalties:

Interest under Section 234B (1% per month) if Advance Tax is not paid on time.
Interest under Section 234C (1% per month) for short payment of tax in installments.
🚨 Notice from the Income Tax Department:

Non-payment or short payment may attract scrutiny and legal notices.
🚨 Cash Flow Impact:

A lump-sum tax burden at year-end instead of smaller, planned payments.
📌 Benefits of Paying Advance Tax on Time
✔️ Avoid penalties & legal hassles
✔️ Better financial planning
✔️ Compliance with tax regulations

Need help with tax calculations and payments? N R Gugale & Co. is here to assist!

📍 Address: Plot No. 5, Near Punya Nagari Office, Next to Sarthak Bhagwandas, Market Yard, Ahilyanagar – 414001
📞 Contact:
CA. Nitesh R. Gugale – 9423791885 / 9209200100
CA. Rachana N. Gugale – 9730706806 / 7972458452
🌐 Website: canrgugale.com
📧 Email: [email protected]

🔹 Stay compliant, avoid penalties, and plan your taxes wisely!

📢 Walk-in Interview – Join Our Team!
N R Gugale & Co., a reputed Chartered Accountant firm, is looking for talented individuals to join our team!
📌 Open Positions:
🔹 Article Assistant – Qualification: CA Inter
🔹 Account Assistant – Qualification: B.Com
💼 Location:
📍 N R Gugale & Co, Near Punya Nagari Office, Next to Prrisha Investment, Market Yard, Ahilyanagar
📞 Contact: +91 9209200100 / 9423791885
📧 Email: [email protected]
📍 Find Us on Maps: https://maps.app.goo.gl/hCwg8b5qh6nM6mkT7
🚀 Walk in and start your career with us!

🎉 Celebrating 12 Years of Excellence! 🎉

Today marks a significant milestone in our journey as we celebrate 12 successful years of providing top-notch accounting, auditing, and financial advisory services. 🧑‍💼📊

From humble beginnings to becoming a trusted partner for businesses and individuals alike, we are grateful for the unwavering support of our clients, team, and all those who have been part of our story. 🙏

We look forward to many more years of delivering excellence, integrity, and innovation in the world of finance! 💼✨

A huge thank you to everyone who has been a part of this incredible journey. Here's to continued success, growth, and new achievements ahead! 🥂