All Posts

All key tax and compliance deadlines for July 2026 — GSTR-1, GSTR-3B, TDS deposit, advance tax Q1, and ITR filing deadline. The busiest month of the tax calendar — don't miss a single date.

Artificial intelligence can speed up Indian accounting workflows, but it does not decide which accounting standard applies or remove management’s responsibility for financial statements. For an Ind AS reporting entity, AI is most useful when it improves evidence gathering and ana

Starting a private limited company in India requires decisions about ownership, management, capital and ongoing compliance—not just an incorporation certificate. This guide explains how founders can prepare a company-formation project in 2026 and avoid preventable inconsistencies

Ind AS compliance requires more than accurate data entry. When an Indian business introduces AI into accounting, it needs a process that connects automated outputs to the applicable standard, supporting evidence and a responsible reviewer. The objective is to make reporting more

A GST compliance calendar for FY 2026-27 should identify the taxpayer’s filing frequency, form and underlying tax period. Normal recurring dates are a planning baseline, not proof that every business has the same obligations or that no extension applies. Review official notificat

The Income-tax Bill discussed in 2025 is no longer simply a proposal. The Income-tax Act, 2025 took effect from 1 April 2026, with a transition framework that preserves the operation of the 1961 Act for earlier periods. Understanding which law applies is more useful than assuming

NRI taxation in India starts with determining tax residential status for the relevant year and identifying the source and character of income. Citizenship, an overseas address and an NRE account do not by themselves settle every income-tax question. A cross-border review should a

GST e-invoicing requires covered suppliers to report specified documents through an Invoice Registration Portal and obtain an IRN and the required QR-code information. It is a reporting framework, not a substitute for accounting controls or the underlying conditions for input tax

An income tax refund can be delayed for several reasons, including incomplete verification, processing issues, tax-credit differences or a problem with the nominated bank account. The correct remedy depends on the status of the actual return. There is no reliable universal shortc

Not every foreign payment requires Form 15CA or an accountant’s Form 15CB certificate. The answer depends on chargeability, prescribed exceptions and the reporting framework applicable to the remittance date. In 2026, the transition to Forms 145 and 146 makes it especially import

Income tax on a property sale depends on the property, ownership, holding period, transfer date and the seller’s tax status. Sale proceeds are not automatically the same as taxable capital gains. Before agreeing a transaction, review the tax computation, withholding and any propo

Late ITR filing for AY 2026-27 requires an immediate check of the taxpayer’s applicable due date and the legal filing route still available. This guide focuses on individuals who discover that the ordinary deadline may have passed. AY 2026-27 relates to FY 2025-26 under the 1961

A business reviewing late return filing for AY 2026-27 must consider more than a filing fee. Audit obligations, books, loss carry-forwards, regime elections and tax-payment history can all affect the result. This guide focuses on business and professional taxpayers, with FY 2025-

GSTR-9 preparation should be a reconciliation exercise, not a year-end attempt to copy totals from monthly returns. Differences in turnover, tax and input tax credit need to be explained from records. This checklist identifies ten recurring review areas without claiming that any

A Hindu undivided family can be a separate taxable person where it exists under the applicable law and has income properly attributable to it. It should not be promoted as an automatic tax-saving device for every family. The source of property, family rights, clubbing provisions

Influencers and freelancers should assess tax from the actual nature of their receipts, business arrangements and reporting period. Platform payouts, sponsorships, professional fees and non-cash benefits can raise different questions. Calling work “freelance” does not automatical

A director’s personal guarantee to a bank for the company’s borrowing needs a different GST analysis from a corporate guarantee between companies. A nil invoice does not itself establish either a tax liability or an exemption. Circular 204/16/2023-GST explains the treatment and v

Crypto and other virtual-digital-asset transactions need transaction-level tax records. A withdrawal from an exchange is not the only event to review, and tax deducted on a transaction is not necessarily the final liability. This guide focuses on the old-Act VDA framework for FY

The removal of the old angel-tax provision does not mean that startup funding is free from tax, valuation or documentation questions. Section 56(2)(viib) under the 1961 Act was made inapplicable from AY 2025-26. Founders and investors should distinguish that change from other com

A GST input-tax-credit notice involving an allegedly fraudulent supplier requires a careful review of eligibility, transaction evidence and the precise allegations. A genuine purchase should be documented clearly, but no single invoice or payment record guarantees that every stat