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 »
TURNOVER CERTIFICATE We have verified the GST returns of Mr [Name] Proprietor Of [Business name] having GSTN Situated at [Business address]. On verification of the GST returns, we hereby certify that Turnover
Draft GST turnover certificate by CA Read More »
Understanding the implications of discontinuing or restructuring a business is crucial under the GST regime. Section 94 of the CGST Act, 2017, deals specifically with the liability of firms, associations of persons (AOPs), and Hindu Undivided Families (HUFs) in cases of business discontinuance, reconstitution, or dissolution. This provision ensures that the government’s revenue is protected,
When it comes to taxation under the GST, liability is generally associated with the person who owns and operates a business. But what happens when a business is run by someone on behalf of a minor or an incapacitated person? This is where Section 91 of the CGST Act, 2017 becomes relevant. In this blog,
Liability of Guardians, Trustees, or Agents – Section 91 of GST Read More »
When it comes to taxation under the GST regime in India, understanding the liability of individuals involved in a business structure is crucial. One such provision that outlines the accountability of business partners is Section 90 of the CGST Act, 2017. This section focuses on the liability of partners of a firm to pay tax,
Liability of Partners of a Firm to Pay Tax Under Section 90 of GST Read More »
Under the GST regime, businesses are expected to comply strictly with tax laws and meet their obligations in a timely manner. While the responsibility of tax compliance primarily lies with the company, directors of private companies are not completely shielded from liability. Section 89 of the CGST Act, 2017 outlines the personal liability of directors
Liability of Directors of Private Company – Section 89 of GST Read More »
