Blogs
TDS on Partnership Firm in India: Rules, Rates, Compliance, and Practical Guide (2026)
Summary TDS applies to partnership firms like any other taxpayer. Applicable on payments like contract, rent, and professional fees. No TDS on profit share paid to partners. Interest and salary to partners have separate rules. Correct section selection is critical...
Compliance to Be Completed Before Business Audit
Summary Learn all compliance tasks before a business audit. Avoid penalties and audit objections easily. Understand documents, filings, and tax checks required. Know how 80c deduction in new tax regime impacts audits. Discover when to hire top chartered accountant...
How to Check GST Active Status Online: A Guide for Businesses
Summary Learn how to check GST active status online in minutes. Avoid penalties due to inactive GST registration. Understand why GST status matters for compliance in Mumbai. Compare online tools vs expert help for GST verification. Discover when to consult a gst...
Car Benefit Tax 2026 Explained for ₹20L to ₹50L Income Brackets
Summary Car benefit tax is a perquisite tax, not a separate car tax. The tax depends on use, ownership, and reimbursement. Official-use-only cars can be fully exempt with records. Home-to-office car use is usually tax-free. Private or mixed-use cars can create monthly...
Income Tax Rules 2026: Key Changes from April and Income Tax Return Filing Services in Thane
Summary The new Income-tax Act, 2025 starts from 1 April 2026. The Act is slimmer, with 536 sections versus 819 earlier. “Tax Year” replaces the older “Previous Year” language. Existing PAN and TAN remain valid, but fresh PAN forms change. Salary, audit, and...
10 Financial Changes from April 2026: What Taxpayers, Salaried Employees, and Businesses in India Should Know
The biggest shift is the new Income-tax Act, 2025. It starts on 1 April 2026. The Income Tax Department says it cuts the law from 819 sections to 536, which is a major simplification move. Tax language is changing too. “Previous Year” is now “Tax Year”. New forms, new...
Why GST Compliance Is Getting Stricter and How Businesses Can Stay Safe
Indirect taxation in India has experienced a paradigm shift. Days when tax evasion or adjustment was a subject of manual considerations are long gone. GSTN is now a data fortress, which uses Artificial Intelligence and machine learning to cross-reference your GST...
TDS Return Filing Errors That Can Cost You Heavy Penalties
To companies with operations in the financial hub of India, tax compliance is not only an element of regulation, but of financial well-being. One of the strictest parts of the Income Tax Act is the Tax Deducted at Source (TDS), and any small mistake can result in a...
Draft Income-Tax Rules 2026: What’s Changing for Salaried & Self-Employed Taxpayers
Although this budgetary proposal 2026 was quite quiet on the modification of tax slab rates, the actual news that has caught the headlines has taken the shape of the Draft Income-tax Rules, 2026. Published so that they can be considered by the public in accordance...
