HENCY R SHAH AND ASSOCIATES

31 December Year-End Requirements & To-Do List ⏰  Is Your Year-End Compliance Locked & Loaded? December 31st is DEADLINE DAY for some of India's most critical tax & compliance filings. Miss this, and you're looking at penalties, loss of tax benefits, and compliance nightmares in 2026. Let's be honest if you're not ready NOW, you won't be ready in 3 days. 🎯 Here's Your December 31 Compliance Checklist (Ranked by Risk): TIER 1 - CRITICAL (Missing = Serious Penalties) ✅ GSTR-9 Annual Return [31 Dec Deadline] For: All GST-registered businesses with turnover > ₹2 crore (FY 2024-25) What happens if you miss: Late fee per day + scrutiny risk + compliance lock Pro tip: File AFTER 1 Dec to ensure Table 8A auto-population ✨ ✅ MGT-7/MGT-7A (Company Annual Return) [31 Dec Deadline] For: ALL companies (FY 2024-25) ⚠️ Last day for NO EXTRA FEES under MCA V3 transition relief Post 31 Dec = ₹100/day penalty (no maximum cap!) ✅ A...

🧾 The GSTR-9 & 9C Hustle — Year-End Story! Last week, I met a founder friend who looked completely drained . 😅 When I asked what went wrong, he sighed and said, “It’s not investors or clients this time… it’s GSTR-9 and 9C !” If you’ve ever scrambled through spreadsheets in December, you know exactly what he meant! So, for every entrepreneur juggling year-end chaos 🗂️ here’s a quick lowdown so you can stay ahead 👇 🧮 GSTR-9 - Your Annual GST Report Card Think of it as a “year in review” for your business taxes. ✅ Summarizes everything you’ve already filed in GSTR-1 and GSTR-3B . ✅ Mandatory if your turnover’s above ₹2 crore. ✅ Deadline: 31st December (unless the government blesses us with an extension 🙏). 📊 GSTR-9C - The Audit Layer If GSTR-9 is your report card, then GSTR-9C is your audit certificate . 💡 It reconciles figures from your annual return with your financial books. 👨‍💼 Required for businesses turning over ₹5 crore+. 🧾 Needs CA or Cost A...

🚨 LAST CALL: 3rd Installment of Advance Tax Due on December 15 🚨 Only 1 days left! Have you paid your 3rd advance tax installment ? If not, here's why this deadline shouldn't be on your "maybe later" list. Why Advance Tax Matters: 1. Avoid the Interest Trap 💰 Missing the December 15 deadline triggers a 1% monthly interest charge under Section 234C on the shortfall—compounding your tax burden. What seems like a small percentage quickly adds up. A ₹15,000 shortfall delayed 3 months? That's an extra ₹450 in interest. Prevent this with one timely payment. 2. Smoother Cash Flow Throughout the Year 📊 Instead of facing a massive tax shock at year-end, paying in quarterly installments (15% in June, 45% in September, 75% in December) spreads the burden evenly. Better cash flow = better business decisions. 3. Peace of Mind & Zero Compliance Headaches ✅ Advance tax isn't optional—it's a legal obligation if your estimated tax liability exceeds ...

🎯 To File or Not to File? The Return Story That Could Save Your Finances It's December. You're sipping your morning coffee when a sudden panic hits. "Wait... didn't I miss my tax return deadline ?" 💭 If this sounds like you, you're not alone. And here's the good news  you still have options . But choosing the right one could mean the difference between keeping your refund and losing it. Let me walk you through a real scenario about tax compliance . A client named Rajesh , a freelancer, realized on December 4th that he'd completely missed the ITR deadline . His initial thought? "I'm too late." But then he discovered two paths ahead: Path 1: Filing a Belated Return → File before December 31st with penalties Path 2: Filing an Updated Return → File up to 24 months with corrections The choice he made teaches us something critical about financial decision-making. Why Belated Returns Are Often the Better Choice ✅ Here's what makes be...

 ⚠️ 𝗙𝗿𝗮𝘂𝗱 𝗔𝗹𝗲𝗿𝘁: 𝗙𝗮𝗸𝗲 “𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅 𝗢𝗳𝗳𝗶𝗰𝗲𝗿” 𝗖𝗮𝗹𝗹𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗥𝗶𝘀𝗲 🚨 Today, one of our clients got a call that could have cost him everything. “Are you Mr. Gupta? I’m calling from the Income Tax Department . There is a mismatch in your ITR .” Sounds serious, right? 😨 The caller confidently said an official email would be sent and asked him to forward it to his CA . But what actually came? Not an email. A 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗺𝗲𝘀𝘀𝗮𝗴𝗲 with a 𝗭𝗜𝗣 𝗳𝗶𝗹𝗲 📦 𝗥𝗲𝗱 𝗳𝗹𝗮𝗴. 🚩 Our client, already aware of such cyber-fraud tricks , did not open the file. When he called back to verify the officer’s details and ask for an official email, the so‑called “officer” never picked up again. No follow-up calls, no emails, nothing. To be double sure, he logged into the Income Tax Portal – ✅ No notice ✅ No communication ✅ No mismatch It was a fraud attempt. Just like the recent cases circulating among professionals – scammers pretending to be Income ...

  🚀 India's Labour Revolution: 4 Codes, 29 Laws Simplified, and Your Future Just Changed 📋 On November 21, 2025 , India just implemented the most significant labour law overhaul since Independence—and it's a game-changer for every worker and employer in the country. Let's Break It Down: The Numbers That Matter: ✅ 29 colonial-era labour laws consolidated into 4 modern codes ​ ✅ 500+ million workers now covered under unified social security​ ✅ Minimum wages applied to all workers—no exceptions​ ✅ Single registration, single licence, single return—cutting bureaucracy dramatically​ What's Actually Changing? Real Examples: For Gig & Platform Workers 💼 Uber drivers , Swiggy delivery partners , freelancers—you're finally in the system. Aggregators must now contribute 1-2% of annual turnover (capped at 5%) toward your social security, insurance, and pension.​ For Women in the Workforce 👩‍💼 Night shifts are now open across ALL sectors with your c...