Tax Compliance

Tax compliance in the Indian market entails following requirements outlined in numerous tax laws, such as the Income Tax Act, GST (Goods and Services Tax), Customs Act, and other state-specific legislation. Businesses must submit accurate returns, keep adequate records, and pay taxes such as income tax, GST, TDS (Tax Deducted at Source), and corporate tax by the stated dates. GST compliance is especially important, with monthly or quarterly reports and annual filings based on business turnover.