Closing loan balances do not reveal every payment-mode issue. Review receipts and repayments transaction by transaction, with separate analyses for the relevant provisions.
Clause 23 needs a reliable list of specified persons and the payments made to them. Learn how to build the working and avoid confusing reporting with automatic disallowance.
A cash-payment review should test payment modes, daily aggregation and exceptions. Learn how to identify relevant transactions without treating every cash entry as a tax disallowance.
Book depreciation and tax depreciation need connected but separate workings. Learn how to organise asset-block data for the tax-audit review without importing book net values into tax WDV.
ICDS is a tax-computation framework, not a replacement for the accounting standards used in books. Build a clear adjustment register before completing Clause 13.
A practical tax depreciation chart for common assets under the Income-tax Act, 1961 for AY 2026-27, including buildings, furniture, plant, motor cars, computers and intangibles.
TDS corrections can still be filed after 1 April 2026, but the applicable form depends on the period being corrected. Old-period corrections remain in the old framework.
Form 138 replaces Form 24Q for salary TDS reporting under the Income-tax Act, 2025. See the quarterly due dates and transition rules for payroll teams.
Form 141 is the unified PAN-based challan-cum-statement under the Income-tax Act, 2025 for property, rent, Individual/HUF contractor/professional payments and VDA transactions.
Rent TDS continues under Section 393 from 1 April 2026. Understand the ₹50,000 monthly threshold, 2% and 10% rates, and the separate Individual/HUF Form 141 route.
