Insights
Notes on tax, compliance and accounting in India.
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Appeal to the Income Tax Appellate Tribunal (ITAT): Process, Fees and Timelines
A clear guide to filing an ITAT appeal: who can appeal, time limits under the 1961 and 2025 Acts, fee slabs, stay…
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DRC-03 Voluntary Payment in GST: When to Use It and How DRC-03A Links Payments to Demands
When to make a DRC-03 voluntary payment in GST, how penalty relief works under sections 73, 74 and 74A, and how DRC-03A…
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FDI Reporting under FEMA: FC-GPR, FC-TRS and Timelines
A practical guide to FDI reporting FC-GPR and FC-TRS on the FIRMS portal: timelines, documents, pricing, the late submission fee and the…
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UK VAT Returns under Making Tax Digital: Bookkeeping Essentials
Prepare every UK VAT return MTD-ready: digital records and links, VAT codes, the nine boxes, reverse charge and PVA, deadlines and the…
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Filing an Income Tax Appeal before CIT(A): Form 35, Time Limit and Grounds
A practical guide to a CIT appeal in Form 35: the 30-day time limit, fees, drafting grounds, stay of demand and how…
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DRC-01A Pre-Show Cause Intimation: What It Means and How to Respond
DRC-01A is the GST pre-show cause intimation. Learn what Part A and Part B mean, the benefit of paying early, how to…
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Penalty for Under-reporting and Misreporting of Income: Section 270A and Immunity under 270AA
Penalty under section 270A explained: 50% vs 200% rates, what counts as misreporting, immunity under 270AA, and the 2026 changes under the…
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Startup India DPIIT Recognition: Eligibility, Benefits and Section 80-IAC
DPIIT startup recognition in 2026: new ₹200 crore limit, the deep tech category, key benefits and how the 80-IAC (now section 140)…
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GST Registration Suspended: Common Reasons and How to Respond to REG-31
GST registration suspended? Understand REG-31 and rule 21A, the common mismatch triggers, the 30-day reply and a step-by-step plan to restore your…
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US LLC Owned by an Indian Resident: Tax Filings and Compliance Basics
US LLC owned by an Indian resident? Understand Form 5472, state annual reports, FEMA ODI reporting and Schedule FA, with a simple…