New product features, statutory payroll updates, modern leadership playbooks, and workforce intelligence.
By 15 December 2026, businesses must have paid 75% of their estimated tax for Tax Year 2026-27. How to estimate full-year profit from half-year accounts, the interest on shortfalls under the Income-tax Act, 2025, and the presumptive-tax exception.
Small businesses can declare 8% of turnover (6% for digital receipts) as profit, and professionals 50% of receipts, without detailed books. The ₹2 crore/₹3 crore and ₹50 lakh/₹75 lakh limits, the cash condition, the lock-in and who should opt in.
Companies depreciate assets over useful lives under Schedule II of the Companies Act, while income tax uses written-down value rates on blocks of assets. Common rates, the half-rate rule for assets used under 180 days, additional depreciation and deferred tax.
Gifts and benefits to business associates above ₹20,000 a year attract 10% TDS under the Income-tax Act, 2025 (earlier Section 194R), and input tax credit on gifts is blocked under GST. How to handle festive gifts, dealer incentives and trips.
GST registration is required above ₹40 lakh turnover for goods and ₹20 lakh for services in most states, lower in special category states, and at any turnover for inter-state sellers of goods and some others. How turnover is counted and when voluntary registration pays.
Since 10 October 2024, a GST-registered tenant renting commercial property from an unregistered landlord pays 18% GST on the rent under reverse charge. Composition taxpayers are excluded. How to pay, report and claim credit, with an example.
From 1 April 2025, businesses with GSTINs in several states must distribute input tax credit on common third-party services through an Input Service Distributor registration. Who needs ISD, how credit is shared, GSTR-6, and how it differs from cross-charging.
The GST Appellate Tribunal began hearing cases in 2026, and the window for backlog appeals closed on 30 June 2026. For orders from 1 April 2026, appeals are due within three months. The appeal path, pre-deposit and a preparation checklist.
Gifts to an employee up to ₹50,000 a year are not a supply, perquisites under the employment contract are outside GST, and CBIC has clarified that notice pay recovery is not taxable. Where input tax credit is blocked on employee benefits, and a quick reference table.
Export of services is zero-rated under GST: with a Letter of Undertaking (LUT) filed in Form RFD-11, you invoice foreign clients without IGST. The five conditions for export of services, the yearly LUT, foreign exchange receipt and invoicing tips.
GSTR-1 now needs HSN codes chosen from a dropdown, a HSN summary split between B2B and B2C, 4 or 6 digit HSN codes depending on turnover, and invoice-wise reporting of inter-state B2C invoices above ₹1 lakh. How to avoid errors.
When a business sells a used capital asset on which it claimed input tax credit, it must pay the higher of GST on the sale price or the credit taken less five percentage points for each quarter of use. How to work it out, with an example, and what to do for assets scrapped or written off.
