V. Rawal & Co.

📢 Big Update for India’s Small Companies (Effective 1 Dec 2025)

The government has revised the definition of a Small Company, increasing the limits to ₹10 crore paid-up capital and ₹100 crore turnover.

This change brings major compliance relief, making it easier for small businesses to operate, grow and scale with reduced regulatory burden.
A great boost for entrepreneurs, MSMEs and startups!

Major update alert!

The Income Tax Department has released a new circular—important for all taxpayers and professionals. 🚨

Check the official post: https://x.com/IncomeTaxIndia/status/1983512663519887846
Stay updated.

Many businesses make small errors in their Tax Audit Report — and end up facing penalties or notices later! 😬
Ensure accuracy in turnover, reporting, and section selection before filing.
A clean and timely audit can save you big troubles later!

📅 Tax Audit Due Date: 31st October 2025
✅ File smart. Stay compliant.

💡 Made an error or missed reporting income in your ITR?
Don’t worry — the Updated Return (ITR-U) gives you a second chance!
Know the new rules effective from A.Y. 2025-26 and file smartly before it’s too late. ⏰

Planning to transfer your money abroad? 🌍
Here’s what every NRI must know about repatriation from India:
✅ NRE & FCNR accounts → Fully repatriable (principal + interest).
✅ NRO account → Limited to USD 1 million per FY, post taxes.
✅ Tax compliance is mandatory before transfer.
✅ Required docs include Form 15CA/15CB, PAN, and bank approvals.

Stay compliant and avoid delays while moving your funds abroad.

Missing your Tax Audit deadline can lead to a penalty of up to ₹1.5 lakh!
🔹 As per Section 271B, penalty = lower of ₹1,50,000 or 0.5% of turnover/gross receipts.
🔹 Relief may be granted if you have a valid reason for delay.

📌 Due Date Extended: Tax Audit filing for A.Y. 2025–26 is now 31st October 2025 (as per recent circular).

👉 File early and avoid last-minute hassles & penalties.

📢 Important Update for Taxpayers!
As per the recent circular, the Tax Audit Due Date has been extended to 31st October 2025 🗓️.

✔️ Mandatory for businesses & professionals crossing prescribed limits
✔️ Avoid penalties & notices by timely filing
✔️ Ensure compliance & build credibility with banks & authorities

Don’t wait for the last minute — complete your Tax Audit on time ✅

⏰ Tax Audit Deadline Alert!
If your business turnover exceeds ₹1 crore (₹10 crore with minimal cash transactions) or your professional receipts exceed ₹50 lakh, a Tax Audit is mandatory! 🚨

👉 File your Tax Audit Report by 30th September to avoid heavy penalties.

✅Avoid notices, and build financial credibility.

📌 Don’t wait till the last moment – act now and file on time!

💡 Did you know? Forming a Hindu Undivided Family (HUF) can help you legally save more tax while managing family wealth smartly.

It’s one of the most effective tax planning tools that allows families to pool income and enjoy extra exemptions.