How 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.