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.
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Practical Indian tax, financial reporting, labour, state law and business compliance guides for CAs, accountants and businesses.
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361 articlesTDS 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.
By Team assureOfficeTDS 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.
By Team assureOfficeTDS 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.
By Team assureOfficeHow 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.
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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.
By Team assureOfficeSection 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.
By Team assureOfficeSection 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.
By Team assureOfficeICAI Non-Corporate Financial Statements Format: Phase II Now Live From FY 2026-27
Phase II of the ICAI Guidance Note on Financial Statements of Non-Corporate Entities is now in effect for accounting periods from 1 April 2026, covering every proprietorship, partnership, HUF, trust and society regardless of turnover.
By Team assureOfficeHow to Convert Old Excel Financial Statements into ICAI / Schedule III Format
A practical step-by-step approach for Chartered Accountants converting years of traditional Excel-format client financials into the ICAI Guidance Note / Schedule-III-style presentation.
By Team assureOfficePartnership Firm Financial Statements Under the New ICAI Format: Capital Account, Profit Distribution & Notes to Accounts
How the ICAI Guidance Note format changes a partnership firm's capital account, profit-sharing and Notes to Accounts presentation compared to the traditional layout.
By Team assureOfficeSchedule III vs ICAI Non-Corporate Financial Statement Format: Key Difference
Schedule III under the Companies Act and ICAI’s Guidance Note for non-corporate entities are different frameworks. Understand what “Schedule 3 style financials” really means.
By Team assureOffice