H A B and Co

📅 TDS/TCS Deposit Deadline Alert for January 2026!

Hey everyone! If you deducted or collected Tax Deducted at Source (TDS) or Tax Collected at Source (TCS) in January 2026, mark this date: You must deposit it by 7th February 2026!

That's the standard rule under Income Tax law – pay up within 7 days of the month-end to stay compliant and avoid penalties.

Special note for Government Offices: If tax is deducted/collected and paid directly to the Central Government on the same day (without an Income-tax Challan), no delay – deposit it immediately!

Stay ahead, file on time, and keep your books stress-free. Got questions? Contact H A B and Co! 💼✨

⏰ POSH Compliance Alert! ⏰

Every year, establishments must submit the Internal Committee's Annual Report to the District Officer by 31st January—covering committee members, complaints, and cases handled in the preceding calendar year.

Don't miss this deadline! Stay compliant and avoid penalties. 📋✨

🚨 Sovereign Wealth Funds: Form II Filing Alert for Q4 2025! ⏰

Notified Sovereign Wealth Funds under Section 10(23FE), your quarterly intimation in Form II for each investment made in India during Oct-Dec 2025 (quarter ending Dec 31, 2025) is due by January 31, 2026 – exactly 1 month from quarter-end! This electronic filing via the Income Tax e-filing portal is mandatory to preserve your tax exemption on eligible infrastructure, unlisted bonds, and specified investments.

Essential details to furnish in Form II (per investment):

Fund identification: Name, notification number/date (per CBDT Gazette), PAN.

Investment specifics: Date of investment, amount (₹), nature (debt instruments, share capital, etc.), rates (interest/dividend), investee entity (name, PAN, type like infrastructure company or InvIT).

Compliance confirmations: No borrowings/loans used, no day-to-day operations in investee.

Simple filing process: Login to e-filing portal > e-File > Income Tax Forms > Select Form II > Choose quarter (Dec 2025) > Enter investment-wise data > E-verify by authorized officer. Timely submission prevents exemption denial, ensures audit-ready records, and aligns with Form 26AS – critical for FY 2025-26 compliance!

Invest confidently, file compliantly! 🌍💰

🚨 Pension Funds: Form 10BBB Deadline Alert for Q3 2025! ⏰

Notified Pension Funds under Section 10(23FE), your quarterly intimation for investments made in India during Oct-Dec 2025 is due by January 31, 2026! File Form 10BBB on the Income Tax e-filing portal to maintain your tax-exempt status on infrastructure and specified investments.

Key details to report in Form 10BBB:

Pension Fund basics: Name, PAN, notification details (No. & date under 10(23FE)).

Investment table per entry: Date, amount (₹), nature code (e.g., bonds, shares), income nature code, investee entity (name, PAN, entity type like unlisted company).

Quick filing steps: Log into e-filing portal > e-File > Income Tax Forms > File Form 10BBB > Select quarter (31-Dec-2025) > Enter details > Verify digitally by authorized signatory. Late filing risks losing exemptions u/s 10(23FE) – accuracy ensures Form 26AS alignment and audit compliance! ✅

Stay invested, stay compliant in FY 2025-26! 💼

🚨 TDS Quarterly Statement Alert: Q3 FY 2025-26 Ending Dec 31, 2025! ⏰

Hey business owners, finance pros, and compliance warriors! 📊 Your Quarterly TDS Statement for Oct-Dec 2025 (Q3 of FY 2025-26) is due by January 31, 2026. Don't let late filing penalties (₹200/day) or interest (1.5% p.m.) catch you off guard – file on time via the Income Tax e-filing portal using Form 26Q (non-salary) or 24Q (salary).

What to include in your statement:

Deductor details: TAN, PAN, name, address.

Challan info: BSR code, deposit date, TDS amount deposited.

Deductee-wise breakup: PAN/name, payment nature (e.g., professional fees, rent), gross amount, TDS rate (e.g., 10% under 194J), tax deducted, deposit date.

Pro tip: Use RPU (Return Preparation Utility) from NSDL for error-free prep, validate FVU, and upload. Timely compliance ensures smooth Form 26AS for your deductees and keeps your books audit-ready! ✅

Avoid disallowances u/s 40(a)(ia) – stay compliant in 2026! 💪

-26

🚨 TCS Certificate Alert! 🚨

For TCS collected during the quarter ending December 31, 2025 (Oct-Dec 2025), issue the quarterly TCS certificate in Form 27D to buyers by January 30, 2026. This certificate proves tax collection at source on specified goods/services like motor vehicles, scrap, or foreign remittances—crucial for their ITR claims and your compliance!

Late issuance attracts penalties under section 206C(5). Download from TRACES portal post Form 27EQ filing (due Jan 15). Stay compliant! 👍

.

Don't miss the deadline for December 2025 TDS deductions under Sections 194-IA (TDS on property sale > ₹50 lakh), 194-IB (TDS on rent > ₹2.4 lakh/year by individuals), and 194M (TDS on payments > ₹50 lakh for contracts/professional fees by individuals/HUFs). The due date to furnish the challan-cum-statement (Forms 26QB, 26QC, 26QD) is 30th January 2026 via the Income Tax e-filing portal—no TAN required, super simple process!

File on time to avoid penalties & interest. Already done? Great job! 👍

.

🚨 Big GST Reminder ! 💼

Turnover > ₹5 Cr in FY24-25 or skipped QRMP? You're on MONTHLY GSTR-3B for Oct-Dec '25! 📊

Key Summary to Nail:

✅ Outward Supplies (3.1): Taxable (other than zero-rated/nil/exempt) [3.1(a)], Zero-rated [3.1(b)], Exempt/Nil [3.1(c)], RCM inwards [3.1(d)], Non-GST [3.1(e)]

✅ ITC Claimed (Table 4): Eligible ITC (imports, ISD, RCM, others) minus ineligible/reversed

✅ Net Tax Payable (Table 6): Liability post-ITC set-off + interest/late fees, paid via cash/ITC

File by 20th Jan 2026 – no quarterly ease for you! ⏰ Late fees start @ ₹50/day. Stay compliant, save penalties! ⚡

Happy Makar Sankranti 🪁🌞
Wishing you joy, warmth, and new beginnings ✨

🚨 QRMP Taxpayers: Don't Miss Your GSTR-1 Deadline! 📈

Hey QRMP filers! Quick recap on Outward Supplies Summary for those under the Quarterly Return Monthly Payment (QRMP) scheme:

✅ Taxpayers who skipped uploading B2B invoices via IFF for October & November 2025 – URGENT ACTION REQUIRED!
⏰ You MUST upload ALL THREE MONTHS' invoices (Oct, Nov, Dec 2025) directly in your Quarterly GSTR-1. No excuses!

Why? To ensure seamless compliance, auto-populate GSTR-3B, and avoid notices or penalties. Late uploads = compliance headaches! 💥

Pro Tip from our end: Use the GST portal's bulk upload feature for speed. Still confused? DM us for a quick audit check or compliance walkthrough. Let's keep your books spotless! 🛡️