New product features, statutory payroll updates, modern leadership playbooks, and workforce intelligence.
Form 140 (earlier Form 26Q) for July-September 2026 is due on 31 October 2026. The PAN, challan, payment-code and date checks to run first, plus the ₹200-a-day fee under section 427 and the ₹10,000 to ₹1 lakh penalty under section 461.
A TDS intimation from CPC-TDS shows the demand but not the reason. The justification report on TRACES lists each default by deductee and challan. How to download it, what each default means, and how to clear it with a payment, a correction statement or both.
Under section 35(b) of the Income-tax Act, 2025 (earlier 40(a)(ia)), 30% of an expense paid to a resident is disallowed if TDS was not deducted or not paid by the return due date. Non-resident payments lose 100%. The deduction returns in the year the TDS is paid.
A business loss that cannot be set off this year can be carried forward for eight tax years under section 112 of the Income-tax Act, 2025, but only if the return is filed by the due date. Unabsorbed depreciation has no time limit. The rules and a worked example.
Companies that paid, or still owe, a micro or small supplier more than 45 days after acceptance must file MSME Form 1 with MCA. The April-September 2026 return is due by 31 October 2026. Who files, what to report and the section 405 penalty.
Under QRMP you file GSTR-1 and GSTR-3B quarterly but pay tax monthly in PMT-06 by the 25th. The 35% fixed-sum challan carries no interest even if it falls short; self-assessed shortfalls attract 18%. IFF for B2B invoices closes on the 13th.
When you export goods on payment of IGST, the shipping bill itself is the refund claim under Rule 96. It is paid only after the EGM is filed, GSTR-1 Table 6A matches the shipping bill, GSTR-3B covers the IGST, and your bank account is validated. How to fix each block.
When you close a business, apply for GST cancellation in REG-16 within 30 days, pay back credit on closing stock and capital goods under Section 29(5), and file GSTR-10 within three months of the cancellation order. Late fee: ₹200 a day, up to ₹10,000.
From 22 September 2025, a goods transport agency charges 5% without input credit or 18% with full credit; the old 12% option is gone. If the GTA has not opted for forward charge, a registered business or company paying freight pays 5% under reverse charge.
Free samples given without consideration are not a supply, and the input credit used on them must be reversed under Section 17(5)(h). A buy-one-get-one offer is one supply at a single price, so credit stays. How to tax the bundle and report the reversal.
When goods shift to another truck after a breakdown or at a transshipment hub, Part B of the e-way bill must show the new vehicle before the goods move again. Who can update it, the reasons the portal accepts, and the penalty if you skip it.
Businesses whose aggregate turnover crossed ₹500 crore in any year since 2017-18 must print a payable dynamic QR code on invoices to unregistered buyers. What the code must contain, the CBIC clarifications for counter sales and advances, the exemptions and the penalty.
