GST Interest Calculator Section 50, CGST Act — late payment & excess ITC interest Outstanding tax amount ₹ Due date Actual payment date Applicable interest rate 18% p.a. 24% p.a. 18% applies to delayed payment of tax. 24% applies to undue/excess claim of ITC or excess reduction of output tax liability. Calculate interest Please fill […]
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The Income Tax Department has released the Offline and Excel Utility for ITR-3, making it easier for individuals and HUFs to file their income tax returns for AY 2026-27. ITR-3 applies to taxpayers earning income from business or profession. For non-audit cases, the due date to file ITR-3 is 31st August 2026. Read on to
ITR-3 Offline & Excel Utility Released for AY 26-27 Read More »
GST Calculator – ardhorajiya.com GST Calculator Calculate GST quickly — Add or Remove GST from any amount Add GST Remove GST Enter Amount (Exclusive of GST) ₹ ₹ Select GST Rate 0% 3% 5% 12% 18% 28% Custom % Calculate GST ▶ Breakdown Original Amount — CGST 6% — SGST / UTGST 6% — Total
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If you run a small business in India and dread tax season, Section 44AD of the Income Tax Act was designed with you in mind. This presumptive taxation scheme lets eligible businesses declare income as a fixed percentage of their turnover – no detailed bookkeeping, no tax audit, and no quarterly advance tax calculations. In
Section 44AD Presumptive Taxation: Complete Guide for Small Businesses (FY 2025-26) Read More »
If your business crosses ₹50 lakh in monthly taxable turnover, Rule 86B of the CGST Rules directly affects how you can use your Input Tax Credit (ITC). Introduced on 1st January 2021, this rule prevents businesses from settling 100% of their GST liability through ITC alone – requiring at least 1% to be paid in
Rule 86B of GST: What Every Business With ₹50 Lakh+ Monthly Turnover Must Know Read More »
The Income Tax Department of India has renumbered almost all major income tax forms with effect from 1 April 2026. While the content and purpose of these forms largely remain unchanged, the form numbers have been revised under a new structured numbering system. This article provides a complete old-to-new form number mapping, explains what each
New Income Tax Forms from 1 April 2026: Complete List of Old vs New Form Numbers Read More »
May 23, 2026 CA Arjun Dhorajiya If you file GST returns or advise businesses on compliance, understanding blocked Input Tax Credit (ITC) is non-negotiable. Section 17(5) of the CGST Act 2017 lists specific goods and services on which ITC cannot be claimed – even if GST was paid on them. For FY 2026-27, these restrictions
Blocked ITC Under GST: Section 17(5) Master Chart (FY 2026-27) Read More »
May 18, 2026 admin If you deduct TDS but miss a deposit deadline or skip filing your return on time – the Income Tax Department has clear penalties waiting for you. This article covers every major TDS penalty under the Income Tax Act, from interest on late deposits to the risk of rigorous imprisonment under
TDS Penalties and Prosecution in India: What You Need to Know in 2026 Read More »
May 15, 2026 Choosing between the old and new tax regime is one of the most important financial decisions salaried individuals face in India. For FY 2026-27, the government has made the new tax regime even more attractive by raising the tax-free income limit to Rs. 12.75 lakhs for salaried employees, while the old regime
Old vs New Tax Regime FY 2026-27: Which One Should You Choose? Read More »
May 2, 2026 admin Filing your Income Tax Return (ITR) on time is one of the most important financial obligations for every Indian taxpayer. Miss the deadline, and the Income Tax Department can charge you a late filing fee, interest on unpaid taxes, and other penalties – all of which can quietly add up. This
ITR Penalties FY 2025-26 – Late Filing Fees, Interest & How to Avoid Them Read More »
