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Tax and GST, explained simply
Short guides on income tax, GST, TDS and registrations.
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Advance tax for 2026-27: who pays, the due dates and interest
If your tax for 2026-27, after TDS, will be ₹10,000 or more, you pay it in instalments during the year. The next one is due on…
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New or old tax regime for 2026-27: where the break-even lies
The new regime is the default for 2026-27, and a salaried person pays no tax up to ₹12.75 lakh. The old regime only wins with large…
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No tax up to ₹12 lakh: how the rebate and marginal relief work
In the new regime, a resident individual with taxable income up to ₹12 lakh pays no income tax for 2026-27. Just above ₹12 lakh, marginal relief…
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TDS for 2026-27: rates, thresholds and due dates under the new Act
From 1 April 2026, TDS is deducted under section 393 of the Income-tax Act, 2025, with new form numbers for returns and certificates. Here are the…
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GST composition scheme in Gujarat: limits, rates and who can opt in
The composition scheme lets a small business pay GST as a flat share of turnover. In Gujarat the limit is ₹1.5 crore for goods and restaurants…
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GST e-invoicing: who must issue e-invoices and the 30-day limit
Since 1 August 2023, businesses with aggregate turnover above ₹5 crore must report invoices to registered buyers on the Invoice Registration Portal. Here is who is…
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E-way bills: when you need one, how long it is valid and the 180-day rule
Goods worth more than ₹50,000 need an e-way bill before they move. Here is what goes in Part A and Part B, how validity is worked…
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Udyam registration and the 45-day payment rule for MSMEs
Udyam registration records your business as a micro, small or medium enterprise. For micro and small suppliers it brings a right to be paid within 45…
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Import Export Code (IEC): who needs one and the yearly update
You need an IEC from DGFT to export or import goods. It is your PAN, costs ₹500 once, and must be confirmed online every April to…
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GST return due dates and late fees for Gujarat businesses
Monthly and quarterly GST filers in Gujarat have different due dates. Here is the calendar, and what a late return costs.
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Missed the ITR deadline? Belated and revised returns for 2025-26 income
You can still file a belated return for income earned in 2025-26 until 31 December 2026. Here is what it costs and what to do now.
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Tax year 2026-27: what the Income-tax Act, 2025 changes
The Income-tax Act, 2025 applies from 1 April 2026 and replaces the assessment year with a single tax year. Here is what changes, and what does…