If your business gives free gifts, foreign tours, gadgets, or promotional items to agents, dealers, influencers, or doctors — you must now follow new TDS rules under Section 194R of the Income Tax Act. From FY 2024–25 onwards, the Income Tax Department is strictly monitoring these transactions. This blog will help you understand how Section … Read more
If you’ve received a DRC-01A notice under GST, don’t panic. It’s not a penalty, but a chance to explain discrepancies before the GST officer raises an official demand. Responding timely and correctly can save you from penalties, interest, and future litigation and how to reply to DRC-01A. How to Reply to DRC-01A – Step-by-Step Sample … Read more
If you’ve received an income tax notice — don’t panic! Many honest taxpayers get notices for simple mismatches, calculation mistakes, or documentation issues. In this detailed blog, we will explain everything about Income Tax Notices under Section 139(9), 143(1), 148, and 270A in easy English, with examples, reasons, and how to reply. What is an … Read more
GSTR-9 And GSTR-9C are important annual compliance forms under GST. Every regular taxpayer must file them once the financial year ends. These forms cover your yearly business summary – sales, purchases, ITC claimed, tax paid, and reconciliations. What is GSTR-9? GSTR-9 is an annual return under Section 44 of the CGST Act, 2017. It provides … Read more
Are you a business with multiple branches across India? Confused about how to share input tax credit (ITC) of services like audit fees, rent, or software across locations? That’s where ISD under GST comes into the picture. This guide will help you understand everything about Input Service Distributor(ISD) in GST in a simple way. What … Read more
Introduction Saving tax is something every salaried person, businessman, or professional wants. The good news is – the Income Tax Act of India gives you various deductions from Section 80C to 80U to reduce your taxable income. If you know how to use them smartly, you can save up to ₹1.5 lakh to ₹3 lakh … Read more
If you’re a business owner or GST-registered taxpayer, you might receive a notice called ASMT-10. Don’t worry — it’s not a penalty notice, but part of the GST scrutiny process. What is ASMT-10 Notice in GST? It is a Notice for Scrutiny of Returns under Section 61 of the CGST Act, 2017 and Rule 99(1) … Read more
Did you receive a DRC-01A notice on the GST portal and don’t know what to do? Don’t worry. In this blog, we’ll explain everything – with a real example, how to reply, and how to avoid penalties. What is DRC-01A in GST? DRC-01A is a Pre-Show Cause Notice issued by GST officers when they find … Read more
In 2025, thousands of GST-registered businesses in India – including shopkeepers, small traders, startups, and service providers – are receiving GSTR-1 vs GSTR-3B Mismatch Notices in 2025. The GST department is now using AI-based auto-scrutiny to catch even small errors. In this blog, we’ll explain: What is GSTR-1 vs GSTR-3B? GSTR-1 This return reports outward … Read more
Are you sending money abroad for education, medical needs, travel, or investments in 2025? The Income Tax on Foreign Remittances has made some important changes to TCS (Tax Collected at Source) under the Liberalised Remittance Scheme (LRS). If you’re not aware of the new rules, you might end up paying more or receiving a tax … Read more