Corporate tax is the income tax levied on the profits of companies operating in India, and it forms one of the largest components of the country’s direct tax collection. For the assessment year 2026-27 (financial year 2025-26), companies must navigate a base rate structure, two optional concessional regimes, Minimum Alternate Tax, and layers of surcharge…
Knowing the exact status of an e-way bill is essential for any business moving goods across India, because transporting a consignment on an expired or cancelled e-way bill can attract detention, penalty, and delay. Whether you are a consignor, consignee, or transporter, you can confirm an e-way bill’s validity in minutes using the official portal…
The e-way bill portal at ewaybillgst.gov.in is the common platform for generating electronic way bills for the movement of goods across India. Before you can generate a single e-way bill, you must be registered or enrolled on the portal, and the exact route depends on whether you hold a GST registration. This guide explains registration…
Advance tax is the “pay as you earn” mechanism under the Income-tax law, requiring you to discharge your tax liability in instalments during the year rather than in a single payment after the year ends. It applies to salaried individuals with other income, freelancers, professionals, business owners and companies alike, wherever the tax due is…
Section 192 of the Income-tax Act, 1961 requires every employer paying taxable salary to deduct income tax at source before releasing pay to the employee. Unlike most TDS provisions that apply a flat rate, Section 192 obliges the employer to estimate each employee’s annual tax liability and spread it across the financial year. This article…
Every business registered under GST in India must file periodic returns that report sales, purchases, tax collected and tax paid. The return you file depends on your registration type, turnover and the scheme you have opted into, and missing a deadline attracts late fees and interest while blocking your next filing. This guide sets out…
An e-way bill is mandatory for the movement of goods worth more than Rs 50,000 under GST, and Tally Prime lets you generate it without leaving your accounting software. Whether you prefer generating the bill online directly from a voucher or exporting a JSON file for bulk upload, the process is built into Tally Prime’s…
An operational audit is a structured, forward-looking review of how efficiently and effectively an organisation runs its day-to-day operations and internal processes. Unlike a statutory or financial audit, which concentrates on the accuracy of financial statements, an operational audit examines whether resources are being used economically and whether business activities are actually delivering the intended…
Choosing income tax filing software is a practical decision that affects accuracy, turnaround time and compliance risk for any tax professional or business in India. This guide sets out what to look for, the broad categories of tools available in 2026, and the considerations that matter when comparing them. It is deliberately advisory and vendor-neutral,…
A One Person Company (OPC) lets a single entrepreneur run a company with limited liability and a separate legal identity, without needing a second shareholder. Introduced under the Companies Act, 2013, the OPC structure suits solo founders, consultants and freelancers in Bangalore who want a corporate form but expect to hold complete ownership. This guide…