TDS & Payroll
Form 130 & Form 131: What Replaced Form 16 and Form 16A?
Income-tax Rules, 2026 introduce new TDS certificate forms. This practical guide explains Form 130 for salary and Form 131 for non-salary TDS certificates.
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TDS & Payroll
Form 138 vs Form 24Q: New Salary TDS Return from April 2026
Form 138 replaces Form 24Q for salary TDS reporting under the Income-tax Act, 2025. See the quarterly due dates and transition rules for payroll teams.
TDS & Payroll
Form 140 vs Form 26Q: New TDS Return for Resident Non-Salary Payments
Form 140 replaces Form 26Q for Tax Year 2026-27 resident non-salary TDS reporting. Learn who files it, quarterly due dates and transition points.
TDS & Payroll
Form 141: New TDS Challan-cum-Statement Replacing 26QB, 26QC, 26QD & 26QE
Form 141 is the unified PAN-based challan-cum-statement under the Income-tax Act, 2025 for property, rent, Individual/HUF contractor/professional payments and VDA transactions.
TDS & Payroll
TDS on Rent from 1 April 2026: Rates, Threshold & Section 393
Rent TDS continues under Section 393 from 1 April 2026. Understand the ₹50,000 monthly threshold, 2% and 10% rates, and the separate Individual/HUF Form 141 route.
TDS & Payroll
TDS on Contractor Payments from 1 April 2026: Section 393 Guide
Contractor TDS moves from old Section 194C to the Section 393 table structure from 1 April 2026. Understand thresholds, 1%/2% rates and practical accounting checks.
TDS & Payroll
TDS on Professional Fees from 1 April 2026: Section 393 Guide
Professional-fee TDS continues from 1 April 2026 under Section 393 of the Income-tax Act, 2025. Understand the ₹50,000 threshold, rate distinction and transition from Section 194J.
TDS & Payroll
TDS Rates & Thresholds for Tax Year 2026-27: Practical Chart
From 1 April 2026, most non-salary TDS provisions move into Section 393 of the Income-tax Act, 2025. This practical chart covers common business payments, thresholds and rates.
Tax & Compliance
How Income Tax Computation Works for Companies: Why You Can't Just Tax the P&L Profit, and What DTA/DTL Actually Mean
A company's tax liability is never simply its P&L profit multiplied by the tax rate. Here is exactly how the income tax computation is built from book profit, why book profit and taxable income diverge, a full worked example, and a plain-language explanation of Deferred Tax Assets and Deferred Tax Liabilities with FAQs.
Accounting & Financial Statements
ICAI's Schedule III-Style Format for Non-Corporate Entities: Phased Applicability, Format Changes & Tax Audit Impact
ICAI has made its Schedule III-style Guidance Note format mandatory for non-corporate entities in phases from FY 2025-26. Who it applies to, how the Balance Sheet and P&L change, the MSME vs Large classification for Accounting Standards, and what it means at the tax audit stage.
Tax & Compliance
Section 43B(h) MSME Payment Disallowance: Complete Guide with Latest FAQs
Everything on Section 43B(h) of the Income Tax Act — the 15/45-day MSME payment rule, who it applies to, the revised MSME classification limits, Form 3CD reporting, and answers to the most-asked questions.
Tax Audit
Section 43B(h) MSME & Form 3CD Clause 22: Tax Audit Guide
A practical guide to Section 43B(h), MSME payment timelines and the revised Form 3CD Clause 22 reporting for tax audit. Covers current MSME limits, 15/45-day rules, trader cases and year-end review.