Registered vs unregistered partnership firm: a complete entrepreneur’s guide
Section 69 of the Partnership Act, the Kaveri 2.0 route in Karnataka, the deed clauses that prevent disputes, and when conversion to an LLP is worth it.
Read articleChoosing a business structure: proprietorship, partnership, LLP and private limited compared
Formation cost, liability, taxation, audit, fund-raising and compliance burden across five structures — the table we put in front of founders.
Read articleHow to read your AIS and TIS before filing your ITR
The five-step pre-filing routine, the four traps that catch people, and the feedback module that closes mismatches before a notice arrives.
Read articleForm 15CA and 15CB: a practitioner’s walk-through
Section 195 and Rule 37BB. The four Parts of Form 15CA, what goes in Form 15CB, the chronology of a clean remittance, and the four mistakes we see most.
Read articlePrivate Limited vs LLP: a working comparison for early-stage founders
Liability, fundraising, ESOPs, taxation, compliance burden and the conversion path. The decision tree we use on a structuring call.
Read articleValuation under Rule 11UA vs Rule 11UAA: when to use which, and who signs
Section 56(2)(x), 56(2)(viib), 17(2)(vi). CA-signed vs Merchant-Banker-signed reports. The picker, the common errors, and the post-Finance-Act-2024 angel-tax position.
Read articleSelling property in India as an NRI: the four steps from sale deed to repatriation
Section 197 certificate first. Then capital-gains computation with Section 54 / 54F / 54EC exemptions. Then buyer’s Form 27Q TDS. Then FEMA repatriation via NRO and 15CA / 15CB.
Read articleMSME / Udyam registration: why it pays for itself in 6 months
Section 43B(h) payment protection from large buyers, priority-sector lending, CGTMSE collateral-free loans, MSME Samadhaan delayed-payment redressal, TReDS access.
Read articleDTAA tie-breaker rules explained: when the treaty trumps domestic residency
Article 4 cascade — permanent home, centre of vital interests, habitual abode, nationality. Worked examples on deputation, returning NRI and dual-citizen scenarios.
Read articleGSTR-9C reconciliation: the four columns that catch 80% of mismatches
Self-certified since FY 2020-21. The four reconciliations — turnover, taxable turnover, tax paid, ITC — that drive most of the form. Common mismatches and how to close them.
Read articleForeign subsidiary in India: the FDI route, SPICe+ stack and post-incorporation calendar
Automatic vs Government route, SPICe+ incorporation, FCGPR reporting within 30 days of allotment, and the 90-day post-incorporation compliance calendar.
Read articleTax audit thresholds explained: Section 44AB, the 5% cash test, and when 44AD is better
The Rs 1 crore / Rs 10 crore thresholds, the cash-receipts and cash-payments tests, the 44AD / 44ADA presumptive options, and the five-year lock-in.
Read articleReading an MIS pack as a lender: the four ratios that matter
Current Ratio, DSCR, Debt-Equity, Operating Cash Flow / EBITDA. What each tells, what each hides, how they read together — and what to put on Page 1 of your MIS.
Read articleSection 8 Company vs Trust vs Society: picking the right NGO vehicle
Three vehicles, three statutes. Governance, registration, tax exemption (12A / 12AB / 80G), FCRA and CSR — and the picker we use on a structuring call.
Read articleRepatriation from NRO accounts: the USD 1 million rule, paperwork, and common rejections
FEMA Notification 13(R). What counts toward the cap. Form 15CA / 15CB requirements. Five reasons AD banks hold remittances up — and how to pre-empt them.
Read articleSection 197 lower deduction certificate: eligibility, the application, and what the AO asks
Rule 28AA. Form 13 on TRACES. Three common use-cases — NRI property sale, low-margin contractor, business with carry-forward losses. Four common rejection reasons.
Read articleStatutory Due Dates Tracker
A consolidated calendar of recurring statutory due dates — TDS, GST, PF, ESI, PT, ROC and Income Tax.
Read articleSection 234B vs 234C interest: when each kicks in, how to avoid both
The 90% threshold, the four advance-tax instalments, the capital-gains carve-out and the senior-citizen exemption. The working method to keep both at zero.
Read articleDRC-03 explained: when to use it and how it differs from a regular GST tax payment
Rule 142. The penalty-saving benefit under Section 73(5). Five real-world use cases — GSTR-9C gap, audit closure, pre-notice payment, ITC reversal, refund-reversal.
Read articleStatutory audit checklist: what to have ready 30 days before sign-off
A working pre-audit checklist for Pvt Ltd companies — books, GST / TDS reconciliations, statutory registers, related-party schedules, and the sign-off-backwards calendar.
Read articlePartner-reviewed monthly close: a 10-day calendar
The day-by-day calendar from T+1 through T+10 working days. Bank rec, GST 2B match, accruals, partner touchpoints, and the management-accounts pack that ships on Day 10.
Read articleTCS on foreign remittances FY 2026-27: rates, thresholds, and what counts
₹10 lakh threshold, education-loan 0% relief, the tour-package trap, and how to claim TCS back. The working ready-reckoner.
Read articleSection 43B(h) two years on: what we’ve learned about the MSME 45-day rule
Two assessment cycles in. The five mistakes we see most, the process changes that work, and what scrutiny notices ask for.
Read articleIncome-tax Act 2025: what changed when the 1961 Act was repealed
From 1 April 2026 the Income-tax Act 1961 stands repealed. A practitioner’s read on the form renumbering, the Tax Year concept, and what to update in your stack.
Read articleFaceless assessment and appeals: where the scheme stands in 2026
Section 144B in its fifth year of operation and the new e-filing portal alongside ITA 2025. How to handle a faceless notice well.
Read articleNRI taxation under the Income-tax Act 2025: residency, the 120-day trap, and DTAA
182-day rule unchanged but the edges around high-income NRIs and deemed residency have tightened. What to watch.
Read articleICAI Peer Review Mandate Phase IV deferred to December 2026
Practice units with 3+ partners and PSB-branch-audit aspirants get an extra 12 months. What to do with the time.
Read articleUnion Budget 2026-27: highlights for SMEs, professionals and family businesses
MAT credit set-off restricted, STT on derivatives raised, customs duty cut on personal-use imports. The post-Budget action items.
Read articleCompanies Act 2025 amendments: small-company threshold raised to ₹10 cr / ₹100 cr
MCA’s December 2025 amendment moves the small-company line up sharply. Many private companies now qualify for relaxed compliance.
Read articleEPF and ESI thresholds and contribution rates: where things stand in 2026
EPF stays at ₹15,000, ESI at ₹21,000, but the labour-code unified wage definition from December 2025 changes the basic-wage base. What payroll teams should update.
Read articleFEMA: export realisation period extended to 15 months
RBI’s 13 November 2025 notification extends the export realisation timeline from 9 to 15 months for all exporters including SEZ, EOU and STPI units.
Read articleGST 2.0: India’s two-slab GST structure and what changed in September 2025
The 56th GST Council collapsed the four-slab structure into 5%/18% with a new 40% sin-goods slab from 22 September 2025. What to update in your invoicing.
Read articleITR-U gets a four-year window: Budget 2025 doubles the time to file an updated return
Section 139(8A) extended from 24 to 48 months. Two new tiers of additional tax — and the reassessment trap that closes the door early.
Read articleSenior Citizen Advance Tax
The advance-tax exemption available to senior citizens and how it interacts with the rest of the income-tax computation.
Read articlePAN Surrender
Process for surrendering a duplicate or unused PAN — and the situations where it is required.
Read articlePAN — Aadhaar Linking
Status, deadlines and consequences of PAN-Aadhaar linkage under Section 139AA.
Read articleDifferences — Security Services
RCM applicability and rate differentials for security services under GST — a quick reference.
Read articleAsk the desk.
If a circular, notification or judgement is keeping you up — write to us. We’ll come back with a practitioner’s read, in plain English.