Most coverage of the new Income Tax Act oversells it as a revolution or buries the real changes under section-number […]
All posts tagged: Taxkitab
What Banks Actually Check Before Approving an SME Loan
A business owner once handed their bank a beautifully formatted balance sheet, confident it told a strong story — and […]
ITC Mismatch Between GSTR-2B and Books: Why and How to Fix It
The frustrating part of an ITC mismatch is rarely the discovery — it’s that the gap could have been caught […]
A UK Company With an India Subsidiary: Compliance Checklist
A UK finance director once told us their India subsidiary “basically ran itself” for the first year — right up […]
NRI Property Sale TDS Under Section 195: It’s Not 20%
If you’re buying property from an NRI seller and a generic article — or an AI tool — told you […]
Advance Tax Q2 Due 15 September: How to Calculate It (New Act Applies)
The most common advance tax mistake isn’t missing the date — it’s calculating each quarter’s payment in isolation instead of […]
GST E-Invoice IRN Generation Errors
A blocked IRN doesn’t just delay one invoice — it means that invoice is legally invalid under GST until it’s […]
DIR-3 KYC Moves to a 3-Year Filing Cycle from 31 March 2026
If you’ve filed DIR-3 KYC every September like clockwork for years, that habit is now out of date. MCA quietly […]
Tax Audit Due 30 September: Do You Actually Need One?
Every year, a few business owners find out they needed a tax audit only when their CA asks for the […]
GSTR-9/9C Common Mistakes SMEs Make
Most GSTR-9 mistakes aren’t dramatic. They’re small mismatches that sat quietly in someone’s books for eleven months and only surface […]