The income tax surcharge is an additional charge levied on high-income taxpayers in India, calculated on the tax payable and not on total income. For FY 2025-26 (AY 2026-27), the surcharge slabs, the crucial concept of marginal relief, and the key difference between the old and new regimes remain important for anyone with income above…
Transferring shares in a private limited company is a routine but legally sensitive event that must follow the process laid down in Section 56 of the Companies Act, 2013. Whether you are bringing in an investor, exiting a co-founder, or gifting shares within a family, the transfer only becomes valid once it is properly executed…
When an Indian resident or business sends money abroad, the bank does not simply move the funds — it must report why the payment is being made. That “why” is captured by an RBI purpose code, and it sits at the heart of how Form 15CA and Form 15CB are prepared for outward foreign remittances….
Buying a property in India worth more than Rs 50 lakh comes with a tax duty most buyers overlook: deducting 1% TDS under Section 194-IA and reporting it through Form 26QB. A single typo in a PAN, a wrong payment date, or a mismatched amount can freeze the seller’s tax credit and hold up the…
When a director steps down from an Indian company, the change is not complete simply because a resignation letter has been handed over. The Companies Act, 2013 requires the company to formally record the cessation with the Registrar of Companies (ROC) by filing Form DIR-12, while the outgoing director may separately file Form DIR-11. This…
Audits are often spoken about as a single activity, but in India two very different exercises sit behind the word. Internal audit and external (statutory) audit serve distinct purposes, follow different rules, and answer to different people. This 2026 guide explains how they differ under the Companies Act, 2013, who must conduct them, and when…
Before you invest time and money building a brand, one low-cost step can save you from an expensive mistake: a public trademark search. India’s IP India portal lets anyone check whether a similar name or logo is already filed or registered, for free. This 2026 guide walks you through how to run a proper search,…
A partnership firm remains one of the simplest and most popular ways for two or more people to run a business together in India. Governed by the Indian Partnership Act, 1932, it lets partners pool capital, skills and effort under a shared agreement while keeping compliance light. This guide explains the core features and characteristics…
For any Indian small business, the words bookkeeping and accounting are often used as if they mean the same thing. They are closely linked, but they are not identical: bookkeeping is about recording what happened, while accounting is about interpreting what it means. Understanding the difference in 2026 helps SME owners keep clean records, stay…
Graphic design is one of India’s fastest-growing service exports, yet the GST treatment still confuses freelancers, studios, and agencies alike. This 2026 guide explains the correct SAC code, the applicable GST rate, when registration becomes mandatory, and how exports of design work are treated. The aim is a plain, accurate reference you can act on….