Tax Updates & Startup Guides
Stay informed on changing Indian tax regulations, ROC filing requirements, and cash management strategies.
Understanding Presumptive Taxation (Sec 44ADA) for Indian Freelancers
Are you a freelance developer, designer, or consultant in India? Learn how you can pay tax on only 50% of your gross receipts under Section 44ADA.
Startup Incorporation: Private Limited vs. LLP vs. OPC in India
Before launching your product, pick the right structure. We weigh the legal requirements, venture capital feasibility, and operational overheads.
The Guide to GSTR-2B Input Tax Credit (ITC) Reconciliation
Reconciliation is the key to preventing cash leakage. Learn why GSTR-2B matching is mandatory and how to handle non-filing vendors.
Compliance Due-Dates
Upcoming deadlines for business filings and tax deposits in India.
GSTR-1 (Monthly Sales Statement)
Form: GSTR-1Mandatory filing of outward supply details for taxpayers with turnover exceeding ₹5 Crores or those not opting for the QRMP scheme.
GSTR-3B (Monthly Tax Payment Return)
Form: GSTR-3BSummary return indicating taxable value, Input Tax Credit (ITC) claimed, and final tax paid via cash ledger or credit ledger.
Monthly TDS Deposit
Form: Challan ITNS 281All TDS deducted on salary and non-salary payments must be deposited to the government treasury. March TDS must be deposited by April 30th.
Quarterly TDS Return Filing
Form: Form 24Q (Salary) / 26Q (Non-Salary)Quarterly statement of tax deducted at source. Late filing fees are ₹200 per day under Section 234E.
Income Tax Return (ITR) - Non-Audit Cases
Form: ITR-1, ITR-2, ITR-3, ITR-4Annual return filing for salaried individuals, freelancers, and small businesses not requiring audit under Section 44AB.
MCA Director KYC (DIR-3 KYC)
Form: DIR-3 KYCAnnual KYC compliance for all registered directors holding active DINs. Late filing attracts a flat ₹5,000 penalty.
ROC Annual Accounts Filing (AOC-4)
Form: Form AOC-4Filing of audited balance sheet and Profit & Loss statement with the Registrar of Companies. Late filing is ₹100 per day.
Notice: Late filing of GSTR-3B attracts a flat ₹50 per day late fee. Late filing of MCA Form AOC-4 or MGT-7 attracts ₹100 per day penalty. Set up a consultation to automate your filing schedule.