April 15, 2026 admin Claiming Input Tax Credit (ITC) under GST has never required more precision than it does in 2026. The full rollout of the Invoice Management System (IMS) from October 2025, combined with GSTR-3B hard-locking on the horizon, has fundamentally changed how businesses must approach ITC. One wrong step – a missed IMS […]
5 Key ITC Claim Risks in GST 2026 Read More »
April 15, 2026 admin Filing GSTR-1 correctly is one of the most critical compliance tasks for every GST-registered business in India. A single error in GSTR-1 for FY 2026-27 can lead to ITC denial for your buyers, reconciliation mismatches in GSTR-3B, and even department notices. This article covers the five most common GSTR-1 mistakes taxpayers
Top 5 Mistakes in GSTR-1 Filing (FY 2026-27) and How to Fix Them Read More »
April 9, 2026 admin Every year, millions of Indians wonder whether they actually need to file an Income Tax Return (ITR). Many assume that if no tax is due, filing is optional. That is not always true. The Income Tax Act specifies several situations where ITR filing is mandatory, regardless of whether you owe any
ITR Filing Is Compulsory in These Cases – Are You Required to File? Read More »
April 8, 2026 admin The Income Tax Department has revamped the TRACES (TDS Reconciliation Analysis and Correction Enabling System) portal with a new interface and updated navigation. For all compliance work related to Financial Year 2025-26 and earlier periods, users must now select ‘Compliance under Income Tax Act, 1961’ from the menu after logging in.
TRACES Portal Revamped Read More »
April 7, 2026 admin April 2026 is a critical month for Indian taxpayers and businesses. Multiple GST and Income Tax deadlines fall within this single month, and missing even one can trigger interest, late fees, and tax department notices. This article walks you through every key compliance deadline for April 2026, what happens if you
April 2026 GST and Income Tax Due Dates Read More »
The start of a new financial year is one of the most important compliance windows for businesses, professionals, and exporters in India. For FY 2026-27, starting 01 April 2026, several key thresholds, rules, and filing requirements are refreshed – from TDS applicability and GST e-invoicing to fresh invoice series and IEC updates. Missing even one
8 Critical Tasks a Business Must Complete for New FY 2026-27 Read More »
From 1 April 2026, the Income Tax Department has introduced a major change in how TDS payments are made for property purchases, rent, and certain other specified transactions. A single new form – Form 141 – now replaces the four separate forms that taxpayers previously had to deal with: 26QB, 26QC, 26QD, and 26QE. This
Form 141 New TDS Payment Form Read More »
The Indian financial system depends on verified financial data, and the CA-issued turnover certificate plays a key role in this process. It is a formal document that confirms a business’s total revenue for a given period, based on verified records rather than self-declared figures. This makes it important for banks, government authorities, and companies when
Where is CA turnover certificate required? Read More »
The Income Tax Department of India has issued an urgent warning for taxpayers about a sharp rise in fraudulent messages, emails, and calls related to ITR filing and income tax refunds. Scammers are impersonating official government sources to steal personal and banking information from unsuspecting citizens. This article explains what fake ITR messages look like,
ITR Fraud Alert: How to Spot Fake Income Tax Messages and Protect Yourself Read More »
With 31st March 2026 just around the corner, businesses across India face a critical compliance deadline under Section 43B(h) of the Income Tax Act. This provision, introduced by the Finance Act 2023 and effective from FY 2023-24, makes it mandatory for companies to clear dues owed to Micro and Small Enterprises (MSEs) within a prescribed
Section 43B(h): What Every Business Must Know Before 31st March 2026 Read More »
