Practical guides to returns, tax audit, assessments and notices.
TDS corrections can still be filed after 1 April 2026, but the applicable form depends on the period being corrected. Old-period corrections remain in the old framework.
By Team assureOfficeQuarterly TDS/TCS return due dates continue on the familiar 31 July, 31 October, 31 January and 31 May cycle under the new Income-tax Act forms.
By Team assureOfficeForm 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.
By Team assureOfficeForm 140 replaces Form 26Q for Tax Year 2026-27 resident non-salary TDS reporting. Learn who files it, quarterly due dates and transition points.
By Team assureOfficeForm 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.
By Team assureOfficeRent 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.
By Team assureOfficeContractor 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.
By Team assureOfficeProfessional-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.
By Team assureOfficeFrom 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.
By Team assureOfficeA 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.
By Team assureOfficeA 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.
By Team assureOfficeBook depreciation follows the applicable accounting framework, while tax depreciation follows income-tax blocks and prescribed rates. The two figures are not expected to match.
By Team assureOffice