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Form 26QB Is Now Form 141: Property TDS Guide
Statutory guide on the consolidation of Form 26QB into Form 141 under Income-tax Rules 2026, 30-day deadlines, and Form 132 certificates.
Direct TaxAug 202612 min read
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Finance & Tax Insights
121 Chartered Accountant-reviewed guides covering compliance, statutory updates, and strategic tax planning under Indian law.
Direct TaxAug 202612 min read
Form 26QB Is Now Form 141: Property TDS Guide
Statutory guide on the consolidation of Form 26QB into Form 141 under Income-tax Rules 2026, 30-day deadlines, and Form 132 certificates.
Direct TaxAug 202612 min read
New TDS Return Forms FY 2026-27: 24Q Is Now 138
Statutory guide on renumbered quarterly TDS return forms: 24Q to 138, 26Q to 140, 27Q to 144, 27EQ to 143 under Income-tax Rules 2026.
Direct TaxAug 202612 min read
Form 67 Is Now Form 44: Foreign Tax Credit Rules
Statutory guide on claiming foreign tax credit (FTC) under Rule 76 and Form 44 of Income-tax Rules 2026, DTAA relief, and deadlines.
TDSAug 20266 min read
TDS Rate Reductions under Finance Act 2024 & FY 2026-27 Rules
Overview of major TDS rate cuts under Finance Act 2024 and FY 2026-27 rules: Section 194H, 194IB, 194M down to 2%, Section 194O down to 0.1%, and Section 194C / 194J compliance.
TDSAug 20265 min read
Section 206AA Invalid PAN TDS Rules & 20% Penalty Rates
How Section 206AA imposes a mandatory 20% floor rate on payments without valid PAN, interaction with Section 206AB non-filers, TRACES verification, and Form 26Q compliance.
TDSAug 20266 min read
TDS Return Due Dates & Form 24Q 26Q 27Q Filing Guide FY 2026-27
Complete compliance calendar for TDS deposits via Challan 281 (7th of next month), Form 24Q/26Q/27Q returns, Section 201(1A) interest, and Section 234E late fee penalties.
GSTAug 202610 min read
Mandatory HSN Digits under GST: 4 vs 6 vs 8 Rules
Statutory guide on mandatory HSN code digits under Notification No. 78/2020-CT, turnover thresholds, B2B vs B2C rules, and e-invoicing compliance.
GSTAug 202610 min read
SAC Code GST Rate Chart: Chapter 99 Master Guide
Master guide on Services Accounting Codes (SAC) under Chapter 99 of GST, covering tax rates, professional fees, IT, rent, and legal services.
GSTAug 202610 min read
Fix GST HSN Mismatch in GSTR-1 & GSTR-3B Penalties
Guide on fixing HSN code mismatches between GSTR-1 Table 12 and GSTR-3B, DRC-01 notices, Section 125 penalties, and recipient ITC risks under Section 16.
GSTAug 202610 min read
GST RCM on Director Fees & Legal Advocate Services
In-depth statutory guide on GST RCM for Director remuneration (Circular 140/2020), advocate fees, self-invoicing rules, and audit defense strategies.
GSTAug 202611 min read
GST RCM on Renting Property: Commercial & Residential
Detailed breakdown of GST Reverse Charge Mechanism on commercial and residential property leases, Notification 05/2022 & 09/2024 amendments, and blocked ITC rules.
GSTAug 202611 min read
GST RCM on GTA Freight: 5% vs 12% Rules FY 2026-27
Comprehensive guide to GST Reverse Charge Mechanism on GTA freight services under Section 9(3), FCM vs RCM options, Annexure V declaration, and worked examples.
GSTJul 202610 min read
GST Interest & Late Fee Waiver Amnesty Rules Explained
Detailed guide on Section 128 GST late fee waivers, amnesty scheme notifications, interest liability rules, and practical steps for tax compliance.
GSTJul 202611 min read
GST Interest: Section 50 Gross vs Net Cash Liability Rules
In-depth analysis of Section 50 GST interest on gross vs net cash tax liability, Finance Act 2022 amendments, Circular 192/2023 ITC interest, and practical numeric cases.
GSTJul 202610 min read
GST Late Fee for Nil GSTR-3B/GSTR-1 FY 2026-27
Comprehensive guide to GST late fees under Section 47 for Nil GSTR-3B and GSTR-1 returns, capping limits under Notification 07/2023-CT, daily calculations, and worked examples.
ComplianceJul 202611 min read
How to File CIT(A) Appeal: Form 35 Guide FY 2026-27
A practical guide to the first appeal against an assessment order — the thirty-day limitation, what Section 249(4) requires before admission, the fee slabs, and how to draft grounds of appeal that the Commissioner will actually engage with.
ComplianceJul 202610 min read
ITAT Appeal Procedure: Form 36, Fees and Cross-Objections
What changes when a tax dispute reaches the Tribunal — the sixty-day limitation, how the Section 253(6) fee is capped, the cross-objection right that is routinely missed, and why a remand is not the victory it appears to be.
Direct TaxJul 20269 min read
Section 270AA Immunity vs Appeal: Which Should You Choose?
Section 270AA lets you extinguish a penalty of fifty per cent of tax by paying the assessment and giving up appeal rights. It is one of the least used provisions in the Act — and for weak additions it is frequently the better commercial choice.
GSTJul 202610 min read
GST Registration vs Income Tax Registration: Which First?
A comprehensive guide for Indian founders, freelancers, and businesses to decide the order of getting PAN/TAN vs GSTIN, highlighting key considerations and...
ComplianceJul 202615 min read
Startup Tax Compliance Checklist: Year One
First-year tax compliance checklist for Indian startups: incorporation registrations, monthly GST and TDS, quarterly returns, and annual exemptions.
Direct TaxJul 20268 min read
Freelancer Income Tax Guide FY 2026-27 | NumberIQ
Complete guide to calculating income tax for freelancers, consultants, and professionals in India for FY 2026-27, covering tax regimes, deductions, GST, and ITR...
Direct TaxJun 20265 min read
Advance tax due dates FY 2026-27
Advance tax due dates for FY 2026-27 - 15% by 15 June, 45% by 15 September, 75% by 15 December and 100% by 15 March, with 234B/234C interest for shortfalls.
TDSJun 20265 min read
Advance tax vs TDS: what is the difference?
Advance tax is paid by the taxpayer in instalments on estimated income; TDS is deducted at source by the payer. How the two prepaid taxes differ and how they...
ComplianceJun 20266 min read
AI tools for CAs in India: tax research done right
How Chartered Accountants in India can use AI tools for tax research safely - good use cases, the hallucination risk, a verification workflow, and prompts that work.