GSRC & Associates Chartered Accountants
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Tax & Compliance Insights

Straightforward guides on income tax, ITR filing, GST and business compliance โ€” written by Chartered Accountants, free of jargon.

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Compliance FEATURED 6 min read

Income Tax Notice: Types & How to Respond Without Panicking

An income tax notice is not automatically bad news โ€” most are routine. What matters is understanding which type you received and responding correctly within the deadline.

25 Jul 2026 Read article โ†’
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Capital Gains

Capital Gains Tax on Property, Shares & Mutual Funds Explained

Selling property, shares, or mutual fund units triggers capital gains tax โ€” but the rate depends heavily on how long you held the asset and what type it is. Here is how to calculate it correctly.

25 Jul 2026ยท8 min read
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Tax Planning

Section 80C & Other Tax-Saving Deductions: A Complete Guide

Section 80C alone can reduce your taxable income by up to โ‚น1.5 lakh โ€” but only under the old tax regime, and only if you plan ahead. Here is a full breakdown of what qualifies.

25 Jul 2026ยท7 min read
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NRI Taxation

NRI Income Tax Return Filing in India 2026: Complete Guide

NRIs are taxed differently from resident Indians โ€” only certain income is taxable in India, but the rules around TDS, DTAA and reporting are easy to get wrong from abroad.

25 Jul 2026ยท8 min read
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ITR Filing

How to File ITR for Salaried Employees: A Step-by-Step Guide

Filing your salary ITR is straightforward once you know what to gather and check. This guide walks through the documents, the reconciliation step most people skip, and the mistakes to avoid.

25 Jul 2026ยท7 min read
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ITR Filing

Which ITR Form Should You File? ITR-1 to ITR-4 Explained Simply

Filing the wrong ITR form can get your return marked defective. Here is a simple breakdown of ITR-1 through ITR-4 and who each one is meant for.

25 Jul 2026ยท6 min read
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Compliance

ITR Filing Last Date for AY 2026-27: Due Dates, Penalties & Belated Returns

Missing the ITR deadline triggers penalties, interest, and lost benefits. Here are the due dates for AY 2026-27, what late filing actually costs, and your options if you have already missed it.

25 Jul 2026ยท6 min read
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Tax Planning

Old vs New Tax Regime 2026: Which One Saves You More Tax?

The new tax regime is now the default in India. But lower slab rates come at the cost of most deductions. Here is how to work out which regime actually saves you more before you file.

25 Jul 2026ยท7 min read
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