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TDS on Director Sitting Fees: Rate, Threshold and Which Section Applies
TDS on director sitting fees and commission: 10% with no threshold under the Income-tax Act 2025 (section 194J in the 1961 Act), PAN rule, and the Companies Act cap.
Read →The new Income-tax Act from 1 April 2026: what changes for a company
What a private company's accounts and tax team must change under the Income-tax Act, 2025: tax year, section numbers, return due dates, TDS in section 393 and carry-over of old losses.
Read →Section 118: minutes — the 30-day rule and what can be left out
How section 118 of the Companies Act 2013 treats minutes of board and general meetings: the 30-day clock, who signs, and what the Chairman may keep out.
Read →Section 194C vs 194J: TDS on Contractor Payments — How to Pick the Right Section
1% or 2% TDS for work contracts versus 2% or 10% for professional and technical fees. How the old 194C and 194J now sit in section 393 of the Income-tax Act 2025.
Read →CRA-4: when must we file the cost audit report?
Form CRA-4 is due within 30 days of the company receiving a copy of the cost audit report. The cost auditor has 180 days from year-end. Clocks, steps and penalties.
Read →Depreciation under the Companies Act: useful lives in Schedule II
How a company provides depreciation under the Companies Act 2013: Schedule II useful lives, the 5% residual value, pro-rata charge, significant parts and disclosures.
Read →Finance Act 2026: changes that touch a private company's directors
Four Finance Act 2026 changes a private company's directors should know: unexplained-credit tax, buy-backs, TDS prosecution and the late revised-return fee.
Read →ASMT-10 scrutiny notice: how to reply within 30 days
Got a GST ASMT-10 notice? What it is, the 30-day reply window, how to file ASMT-11 on the portal, and what happens if you stay silent.
Read →Late TDS return: the ₹200-a-day fee under section 234E and its 2025 Act counterpart
The ₹200 per day fee for a late TDS or TCS statement: section 234E (1961 Act) up to 31 March 2026, section 427 (2025 Act) after, the cap, and how it differs from the penalty.
Read →CRA-2: when must we file the cost auditor's appointment?
Form CRA-2 is due 30 days after the Board appoints the cost auditor, or 180 days from the start of the financial year, whichever is earlier. Worked dates and steps.
Read →We paid a foreign vendor for software/services — do we pay GST under reverse charge?
Paying a foreign vendor for software or services? Your company may owe IGST under reverse charge. Who pays, when it falls due, how to book it and claim credit.
Read →Do we pay GST under reverse charge on freight, advocate fees and director fees?
When a company must pay GST itself on truck freight, lawyer fees and director remuneration, who is exempt, and what to check before the month-end close.
Read →Do I pay GST under reverse charge when I buy from an unregistered seller?
Buying from an unregistered seller no longer triggers reverse charge by itself. Section 9(4) now applies only to a notified class of buyers. Here is how to check.
Read →We paid an MSME supplier late: what interest do we owe and how do we show it in the accounts?
Late payment to a micro or small supplier carries statutory compound interest. What the Act says you owe, how it appears in audited accounts, and why it is not tax-deductible.
Read →We received share money but did not allot the shares in time. What now?
Share money is in the company's bank but no allotment was made. What the 60-day clock, the 15-day refund window, 12% interest and the penalty mean for you.
Read →Removing a director who will not resign
How a company removes a director who refuses to quit: ordinary resolution, special notice, his right to be heard, filling the seat and the DIR-12 filing.
Read →Charged CGST+SGST instead of IGST (or the reverse): how to fix it
Billed the wrong GST head? What sections 77 CGST and 19 IGST allow, the two-year window in rule 89(1A), and how credit notes fit in.
Read →Is this sale of goods interstate or intrastate GST?
How to decide whether a sale of goods is interstate or intrastate under GST: place of supply rules in Sections 7, 8, 10 and 11 of the IGST Act, with bill-to-ship-to cases.
Read →We forgot an invoice in GSTR-1 and our buyer cannot see it. What now?
An invoice was left out of GSTR-1, so the buyer's ITC is missing. What the CGST Act lets you correct, the cut-off, the interest question and the order of steps.
Read →Moving the registered office to another state: the approval, the notices and the filing that follows
Moving a company's registered office to another State needs a special resolution, Central Government approval on INC-23, notices to creditors and a filing on INC-28.
Read →What is the last date to claim ITC on my purchase invoices for the year?
The last date to claim input tax credit on a financial year's invoices under Section 16(4) CGST Act: the 30 November rule, the annual return catch and what to do.
Read →Where do I report reverse charge (RCM) in GSTR-3B?
Which GSTR-3B tables take reverse charge liability and credit, why GSTR-2B will not fill them for you, how to pay it, and what the RCM ledger checks.
Read →Supplier invoice rejected or pending in IMS: what it means for your input tax credit
A supplier invoice shows as rejected or pending in the GST portal's IMS. What the law says about your input tax credit, and the route reported for a wrong rejection.
Read →Our company bank account is frozen and there is a ROC or KYC problem behind it. Where do we start?
Bank account stuck and the company or a director has a ROC or KYC default? The company-law routes that can sit behind it, and how to check each one.
Read →How do I check if a supplier is really an MSME?
How to confirm a supplier is a micro or small enterprise: the Udyam certificate, the current investment and turnover limits, what to match and what to record.
Read →GST registration suspended for not filing returns: what it means and how to get it back
Your GST registration shows as suspended after missed returns. What Rule 21A and Section 29 allow, what you cannot do meanwhile, and the steps to clear it.
Read →Company shown Active non-compliant, what is blocked?
Your company shows 'ACTIVE-non-compliant' on MCA. Which filings the Registrar will not accept, what Form INC-22A needs, and what to do first.
Read →ROC sent us a notice asking for documents: what to do under Section 206
A Registrar of Companies notice asking for documents or an explanation is a Section 206 notice. What it means, how to reply, and what ignoring it costs.
Read →Stamp duty on our Hyderabad office lease: who pays, when, and what goes wrong
Taking or renewing an office lease in Hyderabad? How stamp duty works under the Indian Stamp Act as in force in Telangana, who pays, and the cost of getting it wrong.
Read →What must our first board meeting do within 30 days of incorporation?
Your company is newly incorporated. The first Board meeting is due within 30 days. Here is what to table, what to file, and what slips if you miss it.
Read →We missed the AGM date - can we still hold it, and what does it cost?
Missed your private company's AGM deadline? Yes, you can still hold it. Here is the penalty exposure, the filing clock that follows, and the order of steps.
Read →ROC adjudication notice under section 454: reply, pay or appeal
Got an adjudication notice from the Registrar of Companies? What section 454 lets you do: cure the default, be heard, pay, or appeal within sixty days.
Read →Refund of ITC stuck because we export: how to claim it
Your company exports and GST credit keeps piling up. Here is how to claim a refund of the unutilised input tax credit: the clock, the formula, the form and the traps.
Read →Government contract: how GST TDS under section 51 works for your company
A government department pays your company less than the invoice. This is how GST TDS under section 51 works, how you claim the credit, and what to check.
Read →Can a relative of a director be our company's auditor?
Which family, shareholding, loan and business links bar a CA from being your company's auditor, with the rupee limits and what to do if the link appears later.
Read →Can we change our company's financial year from 31 March?
A company's financial year ends on 31 March. Only a narrow foreign-group case allows a different year, and only with Central Government approval.
Read →Can our company buy a property from one of its directors?
A director wants to sell a building, plot or other asset to the company, or buy one from it. What s.192 asks for, how it sits beside s.188, and what happens if you skip it.
Read →Where must our statutory registers be kept, and can they sit at the CA's office?
Where a company must keep its register of members and other statutory registers, when another place is allowed, and who may inspect them.
Read →Closing a dormant LLP: striking off with Form 24 and clearing your pending Form 8 and Form 11
How a dormant LLP is struck off under LLP Form 24: the one-year test, the Form 8 and Form 11 you must clear first, the CA-certified nil statement, and the fee.
Read →Can our auditor also keep our books and do our tax work?
Section 144 bars your auditor from bookkeeping and seven other named services, directly or through relatives and linked entities. What it says, what it does not, and the penalties.
Read →Moving stock between our own branches: is it taxable under GST?
Sending stock from one GST registration of your company to another is a taxable supply, even with no payment. Learn the s.25(4) test, valuation and documents.
Read →Are we a small company under the 2025 limits, and what do we get?
Small company limits are now ₹10 crore paid-up capital and ₹100 crore turnover. Who qualifies, who is excluded, and which compliance relaxations follow.
Read →ROC says our name is too similar to another company: what to do in three months
A direction under section 16 to change your company name gives you three months. What the law says, what happens if you miss it, and the filing steps.
Read →New company: who appoints the first auditor, and by when?
Your company is newly registered. The Board has 30 days to appoint the first auditor. Here is what happens if it misses, and what to file.
Read →We changed our LLP agreement. Do we have to file Form 3 within 30 days?
Changed your LLP agreement? File Form 3 within 30 days of the change. What the filing needs, the fee slabs, the late-fee table, and what to do if you are late.
Read →TDS on commission and brokerage paid by a company: when to deduct and what it costs to miss
How a company deducts TDS on commission and brokerage under the Income-tax Act 2025: who is covered, the threshold, the rate, the clock and the cost of missing it.
Read →A shareholder wants a copy of our MoA and AoA - what must we give?
A member asks for the company's MoA and AoA. What section 17 requires, the seven-day clock, the penalty for delay, and how to answer the request.
Read →A customer paid an advance: when does GST become payable?
Advance received from a customer: how GST time of supply works for services and goods, which voucher to issue, and how to refund it.
Read →Can we pass a shareholder resolution by postal ballot instead of holding a meeting?
When a company can pass a resolution by postal ballot instead of a general meeting, the 30-day voting clock, the steps, and the MGT-14 filing that follows.
Read →Applying for a lower or nil TDS certificate: how a company does it
How a company applies for a lower or nil TDS deduction certificate under section 395 of the Income-tax Act 2025: Form 128, what the officer checks, validity, renewal.
Read →We are closing the business: how to cancel GST and file the final return
Closing a business? How to apply to cancel GST registration, pay tax on stock, and file the final return in Form GSTR-10 on time.
Read →Opened a branch in Hyderabad: how to amend your GST registration
New Hyderabad branch? If you are already GST-registered in Telangana, add the place by FORM GST REG-14 within 15 days. If not, a new registration is needed.
Read →GST office sent a show-cause for cancellation: what do I reply?
A GST notice in FORM GST REG-17 asks why your registration should not be cancelled. How the seven working day clock works, what to put in the reply, and what the officer must do next.
Read →A shareholder asks to see our AGM minutes. Must we show them?
A member can inspect general-meeting minutes free and ask for a copy within seven working days. What the company must do, what it may restrict, and the penalty.
Read →We declared a dividend but have not paid it: what the 30-day rule means
A dividend was declared but some shareholders are unpaid. What the 30-day clock in section 127 means, who is liable, the interest, the five defences and what to do now.
Read →Gifts to employees and free samples: when GST applies and when the credit is lost
Diwali hampers for staff, gift vouchers, free product samples. What the CGST Act says about tax on the gift and input tax credit on what you bought.
Read →How soon must we issue a GST invoice for services?
GST invoice deadline for services: 30 days from supply, 45 for banks and insurers, and the special clocks for continuing services, stopped contracts and reverse charge.
Read →Sent goods for job work? The one-year rule and ITC-04
Goods sent to a job worker must come back within one year (inputs) or three years (capital goods), and ITC-04 reports them. What the GST law says.
Read →Opening a Hyderabad office: do you need Shops and Establishments registration?
A company opening an office in Hyderabad must register under the Telangana Shops and Establishments Act within 30 days. Clock, changes, renewal and penalties.
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