Practical Indian tax, financial reporting, labour, state law and business compliance guides for CAs, accountants and businesses.
Book depreciation follows the applicable accounting framework, while tax depreciation follows income-tax blocks and prescribed rates. The two figures are not expected to match.
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Assets acquired during the year and put to use for less than 180 days generally get only 50% of the normal tax depreciation for that year. Learn the practical calculation.
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Finance Act 2026 changed the income-tax deduction timing for employee PF/ESI contributions under the new Act. Statutory PF/ESI compliance still remains separate.
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GSTR-2B is an important ITC statement but it must be reconciled with the purchase register. Use this checklist for missing, duplicate and ineligible credits.
By Team assureOfficeThe modern GST return process involves supplier reporting, recipient actions, ITC statements and liability filing. This guide connects the monthly flow.
By Team assureOfficeGSTR-1A is an optional same-period amendment facility available after GSTR-1 and before GSTR-3B. Learn when it can be used and how recipient ITC is affected.
By Team assureOfficeIMS is an action platform for recipient review, while GSTR-2B is the auto-drafted ITC statement used for return preparation. Understand how they work together.
By Team assureOfficeGST IMS lets recipients review eligible supplier records before they flow through the ITC process. Understand Accept, Reject, Pending and No Action in practical terms.
By Team assureOfficeThe Income-tax Act changed from April 2026, but the core TDS deposit timelines continue. See the monthly, March and challan-cum-statement timing rules.
By Team assureOfficeFrom 1 April 2026, salary TDS is under Section 392 and most other TDS categories are consolidated under Section 393. Old section numbers can cause filing errors for new-law transactions.
By Team assureOfficeSection 194T introduced 10% TDS on specified payments to partners from 1 April 2025. From 1 April 2026, the same payment category is reported under the new Act framework.
By Team assureOfficeClause 44 requires a structured GST-wise analysis of expenditure. Learn how to build the working from books without confusing it with GST turnover reconciliation.
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