Guides
Business Compliance Guides
Free, detailed guides with interactive tools, exact costs, and step-by-step processes. Sourced from official government portals.
Do I Need GST Registration?
Find out if GST registration is mandatory for your business in India. Covers turnover thresholds, exemptions, interstate supply rules, and e-commerce.
Private Limited Company vs LLP: Which Should You Choose?
Compare Private Limited Company and LLP in India. Understand compliance costs, tax implications, liability protection, and which is better for your business.
Do I Need to File an Income Tax Return?
Check if ITR filing is mandatory for you in India. Covers salaried, freelancers, business owners, and NRIs - with 2025-26 thresholds and exemptions.
Do I Need Trademark Registration?
Find out if trademark registration makes sense for your brand in India. Understand protection, costs, enforcement, and when to prioritise it in 2026.
When Does PF Registration Become Mandatory?
Find out when Provident Fund (EPFO) registration becomes mandatory for your business in India. Covers employee threshold, penalties, and voluntary registration.
When Does ESI Registration Become Mandatory?
Understand when ESIC registration becomes mandatory for your business in India. Employee threshold, salary limit, covered industries, and non-compliance penalties.
Do I Need Professional Tax Registration?
Find out if Professional Tax applies to your business or profession in India. State-wise thresholds, who must register, and employer vs self-employed obligations.
Do I Need Shop and Establishment Registration?
Find out if your business needs Shop and Establishment registration in India. Covers shops, offices, restaurants, and home-based businesses - state-wise rules 2026.
Is MSME / Udyam Registration Worth It?
Find out if Udyam (MSME) registration makes sense for your business. Covers benefits, eligibility, credit access, government tenders, and what you actually get.
Should I Get DPIIT Startup Recognition?
Decide if DPIIT Startup Recognition is right for your company. Covers eligibility, angel tax exemption, 3-year tax holiday, patent benefits, and how to apply.
Do I Need an FSSAI Licence?
Find out if FSSAI registration or licence is mandatory for your food business in India. Covers restaurants, cloud kitchens, home cooks, manufacturers, and importers.
Which ITR Form Should I Use?
Find out which Income Tax Return form applies to you in India for FY 2024-25. ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, ITR-7 - clear eligibility explained.
GST DRC-01 Notice: What It Means and What to Do
A DRC-01 is a formal GST tax demand. You have 30 days to reply before the officer passes an order without hearing your side. Understand Section 73 vs 74 and how to respond.
GST DRC-01A Notice: Pre-Show Cause Notice Intimation
A DRC-01A is a pre-demand intimation, not a formal notice. Respond well here and the matter may close without a DRC-01 ever being issued. You have 30 days.
GST DRC-01B Notice: GSTR-1 vs GSTR-3B Liability Mismatch
A DRC-01B notice means the GST system found a mismatch between your GSTR-1 and GSTR-3B. You have 7 days to explain or pay the difference before it escalates to a formal DRC-01 demand.
GST ASMT-10 Scrutiny Notice: What It Means and How to Reply
A GST ASMT-10 notice means an officer found a discrepancy in your returns. You have 15 days to reply in Form ASMT-11. No reply leads to a best judgment assessment under Section 62.
GST ASMT-14 Notice: Best Judgment Assessment
A GST ASMT-14 is a best judgment assessment issued when ASMT-10 was not replied to. Filing all pending returns within 30 days withdraws the assessment under Section 62(2).
GST REG-17 Notice: Your GST Registration May Be Cancelled
A GST REG-17 notice means your registration may be cancelled. You have 7 working days to reply in Form REG-18. No reply results in a REG-19 cancellation order.
GST REG-31 Notice: Your GST Registration Has Been Suspended
A GST REG-31 notice means your registration is suspended. You cannot issue invoices or claim ITC while suspended. REG-17 cancellation notice follows within 30 days if you do not act.
GST ITC Mismatch Notice: GSTR-2B vs Claimed Input Tax Credit
ITC claims exceeding your GSTR-2B are blocked under Section 16(2)(aa). Reconcile your purchase register with GSTR-2B every month before filing GSTR-3B to avoid demands.
GST Annual Return Mismatch Notice: GSTR-9 vs GSTR-3B Discrepancy
GSTR-9 discrepancies often trigger ASMT-10 scrutiny. Prepare a full year reconciliation matching GSTR-9 lines to GSTR-3B. GSTR-9 cannot be amended after filing.
Income Tax Section 143(1) Intimation: What It Means
A 143(1) intimation shows the CPC processing result: demand raised, refund due, or no adjustment. TDS mismatch is the most common demand trigger. File Section 154 rectification to fix errors.
Income Tax Section 143(2) Scrutiny Notice: A Human is Reviewing Your Return
A 143(2) notice means your return was selected for detailed scrutiny. The process runs 12-18 months through the faceless assessment system. Engage a CA from day one.
Income Tax Section 142(1) Notice: What the Department is Asking For
A 142(1) notice has two purposes: asking you to file a return (142(1)(i)) or produce documents during scrutiny (142(1)(ii)). Non-compliance attracts Rs. 10,000 penalty per notice under 271(1)(b).
Income Tax Section 148 / 148A Notice: Reopening of Assessment
A 148A notice is your chance to stop reassessment before it starts. Reply within 7-30 days explaining why the alleged income did not escape assessment. Strong 148A replies close cases early.
Income Tax Section 139(9) Notice: Defective Return
A 139(9) notice means your ITR has a structural defect. Fix it within 15 days or your return becomes invalid. Common defects: wrong ITR form, missing schedules, or audit report not filed.
Income Tax Section 156 Notice of Demand: Tax Has Been Assessed and is Now Due
A Section 156 notice is the formal demand for tax determined in an assessment order. Pay within 30 days, or interest at 1 percent per month starts. Appeal requires 20 percent pre-deposit for stay.
Income Tax Section 245 Notice: Your Refund Has Been Adjusted
A Section 245 notice says your refund will be adjusted against an old demand. You have 30 days to object. Check if the demand was already paid or is under appeal.
Income Tax Section 271 Penalty Notice: Penalty for Non-Compliance or Concealment
271(1)(b) penalty is Rs. 10,000 for non-response. 271(1)(c) penalty is 100-300 percent of tax on concealed income. Show "reasonable cause" or "bonafide belief" to contest.
Income Tax Section 131 Summons: What to Do When You Are Called In
A Section 131 summons requires your personal attendance for examination on oath. Non-compliance is a criminal offence under Section 131(1A). Take a CA or advocate with you.
Income Tax AIS / SFT High-Value Transaction Notice
AIS now shows every high-value transaction to the department. If your ITR does not reflect a transaction in your AIS, expect a notice. Respond proactively before it becomes a 148A.
TDS Short Deduction or Non-Deduction Notice from TRACES
TRACES detected TDS short or non-deduction. Interest runs at 1-1.5 percent per month. Section 40(a)(ia) disallows 30 percent of the expense. File a correction return after depositing the shortfall.
TDS Mismatch Notice: 26Q / 27Q Return vs Actual Deposits
A TDS mismatch notice means your 26Q or 27Q return does not match challan deposits. File a correction return on TRACES to link challans correctly. Wrong deductee PAN blocks their TDS credit.
TDS Demand Notice: Section 194C (Contractors) and 194J (Professional Fees)
194C applies to contractor payments above Rs. 30,000 (1-2 percent). 194J applies to professional fees above Rs. 30,000 (10 percent or 2 percent for technical services). Non-deduction disallows 30 percent of the expense.
ROC / MCA Show Cause Notice for Annual Filing Default
Three consecutive years of non-filing disqualifies all directors under Section 164(2). File AOC-4 and MGT-7 immediately. Penalties accumulate at Rs. 100 per day. Use CFSS amnesty if available.
DIR-3 KYC Notice: Director DIN Deactivation
DIN deactivation blocks all director actions. File DIR-3 KYC with Rs. 5,000 late fee to restore. Triennial KYC filing. Next due June 30, 2028. Use DIR-3 KYC-Web for renewals if details unchanged.
Business PAN: What It Is and Why Your Company Needs It
Every company, LLP, and firm needs a PAN before opening a bank account or registering for GST. Understand what business PAN is, who needs it, and how to get it in 7 days.
TDS Return Q4 FY2025-26: Filing Guide and Due Date
Complete guide to filing TDS Return for Q4 (Jan-Mar 2026) of FY2025-26. Due date is May 31, 2026. Learn about Form 24Q, 26Q, 27Q requirements and avoid late filing penalties.
TDS Return Q1 FY2026-27: Filing Guide and Due Date
Complete guide to filing TDS Return for Q1 (Apr-Jun 2026) of FY2026-27. Due date is July 31, 2026. Learn about Form 24Q, 26Q, 27Q requirements and avoid late filing penalties.
TDS Return Q2 FY2026-27: Filing Guide and Due Date
Complete guide to filing TDS Return for Q2 (Jul-Sep 2026) of FY2026-27. Due date is October 31, 2026. Learn about Form 24Q, 26Q, 27Q requirements and avoid late filing penalties.
Business ITR FY2025-26: Filing Guide and Due Date
Complete guide to filing Business Income Tax Return for FY2025-26 (AY2026-27). Due date is October 31, 2026 for companies and audit cases. Learn about ITR-6, ITR-5, and ITR-3 requirements.
GSTR-9 Annual Return FY2025-26: Filing Guide and Due Date
Complete guide to filing GSTR-9 Annual Return for FY2025-26. Due date is December 31, 2026. Learn about eligibility, documents required, reconciliation process, and penalties for late filing.
ITR Filing for FY 2025-26: Which Form, When, and What Changed
How to choose the right ITR form for FY 2025-26, the staggered Budget 2026 deadlines, the new Section 234I revised return fee, and what the Income Tax Act 2025 transition means for your filing.
ITR Filing for FY 2026-27: First Full Year Under Income Tax Act 2025
First ITR fully under the Income Tax Act 2025. Tax Year 2026-27, staggered deadlines, renumbered sections (139 to 263, 234F to 426), expanded HRA cities, new PAN rules, revised forms.
GST Annual Return Filing: GSTR-9 and GSTR-9C for Indian Businesses
Complete guide to GST annual return filing in India. Who files GSTR-9 and GSTR-9C, the FY 2024-25 deadline that was 31 December 2025, FY 2025-26 deadline of 31 December 2026, tiered late fee structure, and self-certification rules.
GST Annual Return for FY 2025-26: GSTR-9 and GSTR-9C Due 31 December 2026
Annual GST return for FY 2025-26 due 31 December 2026. GSTR-9 mandatory above Rs 2 crore turnover, GSTR-9C above Rs 5 crore. Tiered late fee structure, self-certification, ITC reconciliation under Rules 37 and 37A.
DIR-3 KYC for Directors: New Triennial Regime, Penalty, and Reactivation
DIR-3 KYC moved from annual to triennial filing per MCA notification G.S.R. 943(E) dated 31 December 2025, effective 31 March 2026. Filing once every 3 years by 30 June. Rs 5,000 penalty for late filing or DIN reactivation. Filed by Ollvy CS team.
TDS Return Q1 FY 2026-27: First Quarter Under Income Tax Act 2025
TDS quarterly return for Q1 FY 2026-27 (April-June 2026), due 31 July 2026. The first TDS quarter governed by the Income Tax Act 2025 (Sections 392, 393). Section 234E and 271H penalties, IT Act 2025 section mappings, and filing checklist.
Salaried ITR Filing for FY 2025-26: ITR-1 vs ITR-2, Deadlines, Penalties
File ITR-1 / ITR-2 for FY 2025-26 by 31 July 2026. Section 234F penalty for late filing, loss of carry-forward, Section 87A rebate up to Rs 12 lakh under new regime. Ollvy files in 3 days starting Rs 1,499.
Business ITR Filing for FY 2025-26: ITR-3 and ITR-4 Non-Audit
Budget 2026 set a staggered ITR deadline. ITR-3 and ITR-4 non-audit filers must file by 31 August 2026 for FY 2025-26. Section 234F penalty, presumptive scheme rules, audit threshold triggers covered.
MGT-7 Annual Return Filing for Indian Companies (FY 2025-26)
File MGT-7 / MGT-7A annual return within 60 days of AGM. For 30 September 2026 AGM, deadline is 29 November 2026. Section 403 Rs 100/day + Section 92(5) Rs 10K base penalty. Ollvy CS team files in 7 days.
LLP Form 8 Statement of Account and Solvency Filing (FY 2025-26)
Every LLP must file Form 8 (Statement of Account and Solvency) by 30 October 2026 for FY 2025-26. Audit needed if turnover above Rs 40L or contribution above Rs 25L. Multiplier-based late fees under LLP (Amendment) Rules 2022. Ollvy files in 7 days from Rs 2,499.
ADT-1 Auditor Appointment Filing under Companies Act 2013
File Form ADT-1 to intimate ROC about auditor appointment within 15 days of AGM. Standard deadline 15 October 2026 for 30 September AGMs. Multiplier-based late fees (2x to 12x of normal fee). Filed by Ollvy CS team.
DPT-3 Annual Return on Deposits and Loans for Indian Companies
File DPT-3 annual return by 30 June 2026 for FY 2025-26. Mandatory for every company including NIL filings. Section 403 daily fee plus Section 73 penalty for delay. Filed by Ollvy CS team.
Advance Tax Q1 for FY 2026-27: 15 Percent by 15 June 2026
Pay 15% of estimated FY 2026-27 advance tax by 15 June 2026. Mandatory if total tax exceeds Rs 10,000 after TDS. Section 425 (IT Act 2025) interest for default. Computed and paid by Ollvy CAs.
Advance Tax Q2 for FY 2026-27: 45 Percent Cumulative by 15 September 2026
Pay cumulative 45% of estimated FY 2026-27 advance tax by 15 September 2026. Section 425 (IT Act 2025) interest for default. Computed and paid by Ollvy CAs starting Rs 999.
Advance Tax Q3 for FY 2026-27: 75 Percent Cumulative by 15 December 2026
Pay cumulative 75% of estimated FY 2026-27 advance tax by 15 December 2026. Section 425 (IT Act 2025) interest for default. Computed and paid by Ollvy CAs starting Rs 999.
Advance Tax Q4 for FY 2026-27: 100 Percent by 15 March 2027
Pay 100% of estimated FY 2026-27 advance tax by 15 March 2027. Avoid Section 424 (IT Act 2025) annual underpayment interest. Computed and paid by Ollvy CAs starting Rs 999.
TDS Return Q3 FY 2026-27: Forms 24Q, 26Q, 27Q under IT Act 2025
File Q3 TDS return (Oct-Dec 2026) by 31 January 2027 under IT Act 2025 Section 393. Forms 24Q, 26Q, 27Q, 27EQ. Section 234E penalty Rs 200 per day for delays. Filed by Ollvy CAs.
TDS Return Q4 FY 2026-27: Form 16 Generation and Year-End Reconciliation
File Q4 TDS return (Jan-Mar 2027) by 31 May 2027 to trigger Form 16 issuance to employees. Section 234E penalty Rs 200 per day for delays. IT Act 2025 Section 392/393 codes apply. Filed by Ollvy.
MSME Form 1 H1 2026-27: V3 Expanded Disclosure for MSE Suppliers
File MSME Form 1 H1 (Apr-Sep 2026) by 31 October 2026 under V3 expanded disclosure. Required if any MSE supplier payment exceeded 45 days. Section 405 penalty Rs 25,000 plus Section 43B(h) disallowance.
MSME Form 1 H2 2026-27: Year-End Cutoff and Section 43B(h) Reconciliation
File MSME Form 1 H2 (Oct 2026 - Mar 2027) by 30 April 2027 under V3 expanded disclosure. Year-end cutoff aligns with 43B(h) tax audit. Section 405 penalty Rs 25,000+ for delays. Filed by Ollvy.
MCA Annual Filing for Pvt Ltd: AOC-4 and MGT-7 Explained
Complete guide to MCA annual filing for Pvt Ltd companies in India. AGM rules, AOC-4 (financials, 30 days), MGT-7 (annual return, 60 days), penalties, director disqualification under Section 164(2).
Advance Tax in India: Who Pays, When, and How Much
Complete guide to advance tax in India. When it applies, the 15/45/75/100 quarterly schedule, Section 234B and 234C interest, calculation logic, and exemptions. By Ollvy CAs.
IEC (Import Export Code) in India: When You Need It and How to Get It
Complete guide to IEC (Import Export Code). Who needs it, how it differs from GST, AD Code follow-up, application via DGFT, annual update requirement. Filed by Ollvy in 5 days.
LUT for Exports: How to Export GST-Free Without IGST Refund Hassles
Complete guide to LUT (Letter of Undertaking) for GST-free exports. Eligibility, annual filing, LUT vs IGST refund route, application via GST portal. Filed by Ollvy in 3 days.
IEPF Claim: How to Recover Unclaimed Shares and Dividends in India
Step-by-step guide to recovering unclaimed shares, dividends, matured deposits and debentures from IEPF using Form IEPF-5. Documents, timelines, common rejections. Filed by Ollvy.
ESOP Structuring for Indian Startups: Pool Size, Vesting, Tax
Plain-English guide to setting up an ESOP plan for your Indian startup. Pool sizing benchmarks, vesting schedules, Section 17(2) tax timing, FMV, exercise mechanics. Drafted by Ollvy.
TDS on Rent: Section 194-I vs 194-IB Explained (FY 2026-27)
When TDS on rent applies, who deducts under 194-I (10%, threshold Rs 50K/month) and who deducts under 194-IB (2%), Form 26QC for individuals, and how the Income Tax Act 2025 maps these to Section 393. Plain English guide by Ollvy.
TDS on Property Purchase: Section 194-IA and Form 26QB
Buying property over Rs 50L in India? Section 194-IA needs you to deduct 1% TDS and file Form 26QB within 30 days. Joint buyers, instalment payments, NRI sellers and the most common mistakes, all explained.
AGM Compliance for Indian Companies: Timing, Notice, Penalties
Annual General Meeting rules for Pvt Ltd and OPC: when the first AGM is due, recurring AGM by 30 September, 21-day notice rule, quorum, voting, penalties under Section 99. Filed by Ollvy.
DIR-3 KYC: The New Triennial Rule and What Directors Must Do
MCA's December 2025 notification shifted Director KYC from annual to triennial, retired the eForm DIR-3 KYC, and made DIR-3 KYC Web the only filing route. Triennial cycle, Rs 5K reactivation fee, Rs 500 change fee, and the 30-day event-based update rule.
72 guides
Do I Need GST Registration?
Find out if GST registration is mandatory for your business in India. Covers turnover thresholds, exemptions, interstate supply rules, and e-commerce.
Private Limited Company vs LLP: Which Should You Choose?
Compare Private Limited Company and LLP in India. Understand compliance costs, tax implications, liability protection, and which is better for your business.
Do I Need to File an Income Tax Return?
Check if ITR filing is mandatory for you in India. Covers salaried, freelancers, business owners, and NRIs - with 2025-26 thresholds and exemptions.
Do I Need Trademark Registration?
Find out if trademark registration makes sense for your brand in India. Understand protection, costs, enforcement, and when to prioritise it in 2026.
When Does PF Registration Become Mandatory?
Find out when Provident Fund (EPFO) registration becomes mandatory for your business in India. Covers employee threshold, penalties, and voluntary registration.
When Does ESI Registration Become Mandatory?
Understand when ESIC registration becomes mandatory for your business in India. Employee threshold, salary limit, covered industries, and non-compliance penalties.
Do I Need Professional Tax Registration?
Find out if Professional Tax applies to your business or profession in India. State-wise thresholds, who must register, and employer vs self-employed obligations.
Do I Need Shop and Establishment Registration?
Find out if your business needs Shop and Establishment registration in India. Covers shops, offices, restaurants, and home-based businesses - state-wise rules 2026.
Is MSME / Udyam Registration Worth It?
Find out if Udyam (MSME) registration makes sense for your business. Covers benefits, eligibility, credit access, government tenders, and what you actually get.
Should I Get DPIIT Startup Recognition?
Decide if DPIIT Startup Recognition is right for your company. Covers eligibility, angel tax exemption, 3-year tax holiday, patent benefits, and how to apply.
Do I Need an FSSAI Licence?
Find out if FSSAI registration or licence is mandatory for your food business in India. Covers restaurants, cloud kitchens, home cooks, manufacturers, and importers.
Which ITR Form Should I Use?
Find out which Income Tax Return form applies to you in India for FY 2024-25. ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, ITR-7 - clear eligibility explained.
GST DRC-01 Notice: What It Means and What to Do
A DRC-01 is a formal GST tax demand. You have 30 days to reply before the officer passes an order without hearing your side. Understand Section 73 vs 74 and how to respond.
GST DRC-01A Notice: Pre-Show Cause Notice Intimation
A DRC-01A is a pre-demand intimation, not a formal notice. Respond well here and the matter may close without a DRC-01 ever being issued. You have 30 days.
GST DRC-01B Notice: GSTR-1 vs GSTR-3B Liability Mismatch
A DRC-01B notice means the GST system found a mismatch between your GSTR-1 and GSTR-3B. You have 7 days to explain or pay the difference before it escalates to a formal DRC-01 demand.
GST ASMT-10 Scrutiny Notice: What It Means and How to Reply
A GST ASMT-10 notice means an officer found a discrepancy in your returns. You have 15 days to reply in Form ASMT-11. No reply leads to a best judgment assessment under Section 62.
GST ASMT-14 Notice: Best Judgment Assessment
A GST ASMT-14 is a best judgment assessment issued when ASMT-10 was not replied to. Filing all pending returns within 30 days withdraws the assessment under Section 62(2).
GST REG-17 Notice: Your GST Registration May Be Cancelled
A GST REG-17 notice means your registration may be cancelled. You have 7 working days to reply in Form REG-18. No reply results in a REG-19 cancellation order.
GST REG-31 Notice: Your GST Registration Has Been Suspended
A GST REG-31 notice means your registration is suspended. You cannot issue invoices or claim ITC while suspended. REG-17 cancellation notice follows within 30 days if you do not act.
GST ITC Mismatch Notice: GSTR-2B vs Claimed Input Tax Credit
ITC claims exceeding your GSTR-2B are blocked under Section 16(2)(aa). Reconcile your purchase register with GSTR-2B every month before filing GSTR-3B to avoid demands.
GST Annual Return Mismatch Notice: GSTR-9 vs GSTR-3B Discrepancy
GSTR-9 discrepancies often trigger ASMT-10 scrutiny. Prepare a full year reconciliation matching GSTR-9 lines to GSTR-3B. GSTR-9 cannot be amended after filing.
Income Tax Section 143(1) Intimation: What It Means
A 143(1) intimation shows the CPC processing result: demand raised, refund due, or no adjustment. TDS mismatch is the most common demand trigger. File Section 154 rectification to fix errors.
Income Tax Section 143(2) Scrutiny Notice: A Human is Reviewing Your Return
A 143(2) notice means your return was selected for detailed scrutiny. The process runs 12-18 months through the faceless assessment system. Engage a CA from day one.
Income Tax Section 142(1) Notice: What the Department is Asking For
A 142(1) notice has two purposes: asking you to file a return (142(1)(i)) or produce documents during scrutiny (142(1)(ii)). Non-compliance attracts Rs. 10,000 penalty per notice under 271(1)(b).
Income Tax Section 148 / 148A Notice: Reopening of Assessment
A 148A notice is your chance to stop reassessment before it starts. Reply within 7-30 days explaining why the alleged income did not escape assessment. Strong 148A replies close cases early.
Income Tax Section 139(9) Notice: Defective Return
A 139(9) notice means your ITR has a structural defect. Fix it within 15 days or your return becomes invalid. Common defects: wrong ITR form, missing schedules, or audit report not filed.
Income Tax Section 156 Notice of Demand: Tax Has Been Assessed and is Now Due
A Section 156 notice is the formal demand for tax determined in an assessment order. Pay within 30 days, or interest at 1 percent per month starts. Appeal requires 20 percent pre-deposit for stay.
Income Tax Section 245 Notice: Your Refund Has Been Adjusted
A Section 245 notice says your refund will be adjusted against an old demand. You have 30 days to object. Check if the demand was already paid or is under appeal.
Income Tax Section 271 Penalty Notice: Penalty for Non-Compliance or Concealment
271(1)(b) penalty is Rs. 10,000 for non-response. 271(1)(c) penalty is 100-300 percent of tax on concealed income. Show "reasonable cause" or "bonafide belief" to contest.
Income Tax Section 131 Summons: What to Do When You Are Called In
A Section 131 summons requires your personal attendance for examination on oath. Non-compliance is a criminal offence under Section 131(1A). Take a CA or advocate with you.
Income Tax AIS / SFT High-Value Transaction Notice
AIS now shows every high-value transaction to the department. If your ITR does not reflect a transaction in your AIS, expect a notice. Respond proactively before it becomes a 148A.
TDS Short Deduction or Non-Deduction Notice from TRACES
TRACES detected TDS short or non-deduction. Interest runs at 1-1.5 percent per month. Section 40(a)(ia) disallows 30 percent of the expense. File a correction return after depositing the shortfall.
TDS Mismatch Notice: 26Q / 27Q Return vs Actual Deposits
A TDS mismatch notice means your 26Q or 27Q return does not match challan deposits. File a correction return on TRACES to link challans correctly. Wrong deductee PAN blocks their TDS credit.
TDS Demand Notice: Section 194C (Contractors) and 194J (Professional Fees)
194C applies to contractor payments above Rs. 30,000 (1-2 percent). 194J applies to professional fees above Rs. 30,000 (10 percent or 2 percent for technical services). Non-deduction disallows 30 percent of the expense.
ROC / MCA Show Cause Notice for Annual Filing Default
Three consecutive years of non-filing disqualifies all directors under Section 164(2). File AOC-4 and MGT-7 immediately. Penalties accumulate at Rs. 100 per day. Use CFSS amnesty if available.
DIR-3 KYC Notice: Director DIN Deactivation
DIN deactivation blocks all director actions. File DIR-3 KYC with Rs. 5,000 late fee to restore. Triennial KYC filing. Next due June 30, 2028. Use DIR-3 KYC-Web for renewals if details unchanged.
Business PAN: What It Is and Why Your Company Needs It
Every company, LLP, and firm needs a PAN before opening a bank account or registering for GST. Understand what business PAN is, who needs it, and how to get it in 7 days.
TDS Return Q4 FY2025-26: Filing Guide and Due Date
Complete guide to filing TDS Return for Q4 (Jan-Mar 2026) of FY2025-26. Due date is May 31, 2026. Learn about Form 24Q, 26Q, 27Q requirements and avoid late filing penalties.
TDS Return Q1 FY2026-27: Filing Guide and Due Date
Complete guide to filing TDS Return for Q1 (Apr-Jun 2026) of FY2026-27. Due date is July 31, 2026. Learn about Form 24Q, 26Q, 27Q requirements and avoid late filing penalties.
TDS Return Q2 FY2026-27: Filing Guide and Due Date
Complete guide to filing TDS Return for Q2 (Jul-Sep 2026) of FY2026-27. Due date is October 31, 2026. Learn about Form 24Q, 26Q, 27Q requirements and avoid late filing penalties.
Business ITR FY2025-26: Filing Guide and Due Date
Complete guide to filing Business Income Tax Return for FY2025-26 (AY2026-27). Due date is October 31, 2026 for companies and audit cases. Learn about ITR-6, ITR-5, and ITR-3 requirements.
GSTR-9 Annual Return FY2025-26: Filing Guide and Due Date
Complete guide to filing GSTR-9 Annual Return for FY2025-26. Due date is December 31, 2026. Learn about eligibility, documents required, reconciliation process, and penalties for late filing.
ITR Filing for FY 2025-26: Which Form, When, and What Changed
How to choose the right ITR form for FY 2025-26, the staggered Budget 2026 deadlines, the new Section 234I revised return fee, and what the Income Tax Act 2025 transition means for your filing.
ITR Filing for FY 2026-27: First Full Year Under Income Tax Act 2025
First ITR fully under the Income Tax Act 2025. Tax Year 2026-27, staggered deadlines, renumbered sections (139 to 263, 234F to 426), expanded HRA cities, new PAN rules, revised forms.
GST Annual Return Filing: GSTR-9 and GSTR-9C for Indian Businesses
Complete guide to GST annual return filing in India. Who files GSTR-9 and GSTR-9C, the FY 2024-25 deadline that was 31 December 2025, FY 2025-26 deadline of 31 December 2026, tiered late fee structure, and self-certification rules.
GST Annual Return for FY 2025-26: GSTR-9 and GSTR-9C Due 31 December 2026
Annual GST return for FY 2025-26 due 31 December 2026. GSTR-9 mandatory above Rs 2 crore turnover, GSTR-9C above Rs 5 crore. Tiered late fee structure, self-certification, ITC reconciliation under Rules 37 and 37A.
DIR-3 KYC for Directors: New Triennial Regime, Penalty, and Reactivation
DIR-3 KYC moved from annual to triennial filing per MCA notification G.S.R. 943(E) dated 31 December 2025, effective 31 March 2026. Filing once every 3 years by 30 June. Rs 5,000 penalty for late filing or DIN reactivation. Filed by Ollvy CS team.
TDS Return Q1 FY 2026-27: First Quarter Under Income Tax Act 2025
TDS quarterly return for Q1 FY 2026-27 (April-June 2026), due 31 July 2026. The first TDS quarter governed by the Income Tax Act 2025 (Sections 392, 393). Section 234E and 271H penalties, IT Act 2025 section mappings, and filing checklist.
Salaried ITR Filing for FY 2025-26: ITR-1 vs ITR-2, Deadlines, Penalties
File ITR-1 / ITR-2 for FY 2025-26 by 31 July 2026. Section 234F penalty for late filing, loss of carry-forward, Section 87A rebate up to Rs 12 lakh under new regime. Ollvy files in 3 days starting Rs 1,499.
Business ITR Filing for FY 2025-26: ITR-3 and ITR-4 Non-Audit
Budget 2026 set a staggered ITR deadline. ITR-3 and ITR-4 non-audit filers must file by 31 August 2026 for FY 2025-26. Section 234F penalty, presumptive scheme rules, audit threshold triggers covered.
MGT-7 Annual Return Filing for Indian Companies (FY 2025-26)
File MGT-7 / MGT-7A annual return within 60 days of AGM. For 30 September 2026 AGM, deadline is 29 November 2026. Section 403 Rs 100/day + Section 92(5) Rs 10K base penalty. Ollvy CS team files in 7 days.
LLP Form 8 Statement of Account and Solvency Filing (FY 2025-26)
Every LLP must file Form 8 (Statement of Account and Solvency) by 30 October 2026 for FY 2025-26. Audit needed if turnover above Rs 40L or contribution above Rs 25L. Multiplier-based late fees under LLP (Amendment) Rules 2022. Ollvy files in 7 days from Rs 2,499.
ADT-1 Auditor Appointment Filing under Companies Act 2013
File Form ADT-1 to intimate ROC about auditor appointment within 15 days of AGM. Standard deadline 15 October 2026 for 30 September AGMs. Multiplier-based late fees (2x to 12x of normal fee). Filed by Ollvy CS team.
DPT-3 Annual Return on Deposits and Loans for Indian Companies
File DPT-3 annual return by 30 June 2026 for FY 2025-26. Mandatory for every company including NIL filings. Section 403 daily fee plus Section 73 penalty for delay. Filed by Ollvy CS team.
Advance Tax Q1 for FY 2026-27: 15 Percent by 15 June 2026
Pay 15% of estimated FY 2026-27 advance tax by 15 June 2026. Mandatory if total tax exceeds Rs 10,000 after TDS. Section 425 (IT Act 2025) interest for default. Computed and paid by Ollvy CAs.
Advance Tax Q2 for FY 2026-27: 45 Percent Cumulative by 15 September 2026
Pay cumulative 45% of estimated FY 2026-27 advance tax by 15 September 2026. Section 425 (IT Act 2025) interest for default. Computed and paid by Ollvy CAs starting Rs 999.
Advance Tax Q3 for FY 2026-27: 75 Percent Cumulative by 15 December 2026
Pay cumulative 75% of estimated FY 2026-27 advance tax by 15 December 2026. Section 425 (IT Act 2025) interest for default. Computed and paid by Ollvy CAs starting Rs 999.
Advance Tax Q4 for FY 2026-27: 100 Percent by 15 March 2027
Pay 100% of estimated FY 2026-27 advance tax by 15 March 2027. Avoid Section 424 (IT Act 2025) annual underpayment interest. Computed and paid by Ollvy CAs starting Rs 999.
TDS Return Q3 FY 2026-27: Forms 24Q, 26Q, 27Q under IT Act 2025
File Q3 TDS return (Oct-Dec 2026) by 31 January 2027 under IT Act 2025 Section 393. Forms 24Q, 26Q, 27Q, 27EQ. Section 234E penalty Rs 200 per day for delays. Filed by Ollvy CAs.
TDS Return Q4 FY 2026-27: Form 16 Generation and Year-End Reconciliation
File Q4 TDS return (Jan-Mar 2027) by 31 May 2027 to trigger Form 16 issuance to employees. Section 234E penalty Rs 200 per day for delays. IT Act 2025 Section 392/393 codes apply. Filed by Ollvy.
MSME Form 1 H1 2026-27: V3 Expanded Disclosure for MSE Suppliers
File MSME Form 1 H1 (Apr-Sep 2026) by 31 October 2026 under V3 expanded disclosure. Required if any MSE supplier payment exceeded 45 days. Section 405 penalty Rs 25,000 plus Section 43B(h) disallowance.
MSME Form 1 H2 2026-27: Year-End Cutoff and Section 43B(h) Reconciliation
File MSME Form 1 H2 (Oct 2026 - Mar 2027) by 30 April 2027 under V3 expanded disclosure. Year-end cutoff aligns with 43B(h) tax audit. Section 405 penalty Rs 25,000+ for delays. Filed by Ollvy.
MCA Annual Filing for Pvt Ltd: AOC-4 and MGT-7 Explained
Complete guide to MCA annual filing for Pvt Ltd companies in India. AGM rules, AOC-4 (financials, 30 days), MGT-7 (annual return, 60 days), penalties, director disqualification under Section 164(2).
Advance Tax in India: Who Pays, When, and How Much
Complete guide to advance tax in India. When it applies, the 15/45/75/100 quarterly schedule, Section 234B and 234C interest, calculation logic, and exemptions. By Ollvy CAs.
IEC (Import Export Code) in India: When You Need It and How to Get It
Complete guide to IEC (Import Export Code). Who needs it, how it differs from GST, AD Code follow-up, application via DGFT, annual update requirement. Filed by Ollvy in 5 days.
LUT for Exports: How to Export GST-Free Without IGST Refund Hassles
Complete guide to LUT (Letter of Undertaking) for GST-free exports. Eligibility, annual filing, LUT vs IGST refund route, application via GST portal. Filed by Ollvy in 3 days.
IEPF Claim: How to Recover Unclaimed Shares and Dividends in India
Step-by-step guide to recovering unclaimed shares, dividends, matured deposits and debentures from IEPF using Form IEPF-5. Documents, timelines, common rejections. Filed by Ollvy.
ESOP Structuring for Indian Startups: Pool Size, Vesting, Tax
Plain-English guide to setting up an ESOP plan for your Indian startup. Pool sizing benchmarks, vesting schedules, Section 17(2) tax timing, FMV, exercise mechanics. Drafted by Ollvy.
TDS on Rent: Section 194-I vs 194-IB Explained (FY 2026-27)
When TDS on rent applies, who deducts under 194-I (10%, threshold Rs 50K/month) and who deducts under 194-IB (2%), Form 26QC for individuals, and how the Income Tax Act 2025 maps these to Section 393. Plain English guide by Ollvy.
TDS on Property Purchase: Section 194-IA and Form 26QB
Buying property over Rs 50L in India? Section 194-IA needs you to deduct 1% TDS and file Form 26QB within 30 days. Joint buyers, instalment payments, NRI sellers and the most common mistakes, all explained.
AGM Compliance for Indian Companies: Timing, Notice, Penalties
Annual General Meeting rules for Pvt Ltd and OPC: when the first AGM is due, recurring AGM by 30 September, 21-day notice rule, quorum, voting, penalties under Section 99. Filed by Ollvy.
DIR-3 KYC: The New Triennial Rule and What Directors Must Do
MCA's December 2025 notification shifted Director KYC from annual to triennial, retired the eForm DIR-3 KYC, and made DIR-3 KYC Web the only filing route. Triennial cycle, Rs 5K reactivation fee, Rs 500 change fee, and the 30-day event-based update rule.
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