Blog
Plain-English guides, checklists and updates for individuals, startups and SMEs.
9 min readTDS on rent under Section 194I applies at 10% for land, building or furniture and 2% for plant or machinery when annual rent crosses ₹2,40,000. The deductor deducts at credit or payment, deposits by the 7th of next month, files Form 26Q, and issues Form 16A. Non-deduction triggers Section 40(a)(ia) disallowance and Section 201(1A) interest.
7 min readSection 207 threshold, the 15/45/75/100 percent schedule, and penalties for non-payment under Section 234B and 234C.
8 min readReconciliation between books, GSTR-1, GSTR-3B, and GSTR-2B — the common mismatches and how to handle them.
8 min readFiling windows, late fees, and how to handle a missed financial year without losing the company.
5 min readBEN-1 is filed by the reporting company to disclose its beneficial owner(s) — the natural person who ultimately owns or controls the company. BEN-2 is filed by the reporting company to update changes in beneficial ownership. Both forms are filed on the MCA portal under the Companies (Significant Beneficial Owners) Rules, 2018.
5 min readPvt Ltd companies must hold a minimum of 4 board meetings per year, with at most 120 days between two consecutive meetings. Quorum is 1/3 of the total strength or 2 directors, whichever is higher. Minutes must be prepared within 30 days and signed at the next meeting.
6 min readCash accounting records transactions when cash moves. Accrual accounting records transactions when the invoice is raised or the obligation is incurred. GST and income tax both expect accrual. The choice depends on your turnover, your inventory, and your credit terms — not on the size of your business alone.
7 min readLTCG exemption under Section 112A, STT requirement, and how to handle segregated portfolios and switches.
5 min readA 13-week rolling cash flow forecast is the most-used working-capital tool for an SME. Open with the bank balance, add weekly inflows from customers, deduct weekly outflows to suppliers / payroll / taxes / loan EMIs, and end with the projected closing balance. Update weekly with actuals. Flag any week with projected negative balance.
7 min readCash-basis bookkeeping is fine for a proprietorship at ₹20 lakh. At ₹1 crore, the inventory distortion, the GST mismatch, and the audit opinion will catch up. Here is the migration path and the threshold math.
7 min readDesktop vs cloud, GST features, multi-user, and price comparison.
8 min readThe 6% composition rate looks attractive next to 18% GST — but input credit denial, blocked e-commerce sales, and reverse charge on rent quietly erase the gain. A working-paper style breakdown.
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