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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Tax FEATURED 10 min read

Capital Gains Tax on Property Sale in India 2026: LTCG, STCG & Section 54 Exemptions

Selling property in India triggers capital gains tax โ€” and the Budget 2024 changes to indexation have significantly altered how long-term gains are calculated. Whether you are a resident or NRI, understanding the LTCG rate, the Section 54 exemption timeline, and the TDS rules before you sign the agreement can save lakhs in unnecessary tax.

9 Sep 2026 Read article โ†’
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Business Setup

Private Limited vs LLP in India 2026: Which Business Structure Should You Choose?

Choosing between a Private Limited Company and an LLP is one of the most consequential decisions for a new business โ€” and the right answer depends heavily on whether you plan to raise investment, how you will distribute profits, and how much compliance overhead you are willing to absorb.

7 Sep 2026ยท9 min read
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Accounting

Accounting Outsourcing for Small Businesses: What It Covers, What It Costs, and Who Benefits

Outsourcing accounting to a CA firm gives small businesses accurate books, timely GST and TDS filing, and management reports โ€” at a fraction of the cost of a full-time accountant. Here is what it covers and who benefits most.

7 Sep 2026ยท6 min read
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GST

GST Input Tax Credit: How to Claim It, Eligibility Rules, and Common Mistakes to Avoid

Input Tax Credit lets you offset the GST you paid on purchases against the GST you collect from sales. But eligibility conditions are strict, and blocked credits under Section 17(5) mean many businesses unknowingly lose ITC they were entitled to.

7 Sep 2026ยท7 min read
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Audit

Statutory Audit for Companies in India: Who Needs It, What It Covers, and How to Prepare

Every Private Limited Company must get its accounts audited by a Chartered Accountant under Section 139 of the Companies Act. Here is what the audit covers, the timeline, and how to prepare your books correctly.

7 Sep 2026ยท7 min read
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MSME

MSME Udyam Registration: Benefits, Eligibility, and How to Apply Online in 2026

MSME Udyam registration is free, instant, and unlocks priority lending, government subsidies, protection against delayed payments, and tax benefits. Every eligible business should register โ€” here is how.

7 Sep 2026ยท6 min read
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Business Setup

LLP vs Private Limited Company: Key Differences and Which Is Right for Your Business

LLPs are popular for professional firms; Private Limited companies for startups seeking funding. The right choice depends on your business model, team size, and growth plans. Here is a structured comparison.

7 Sep 2026ยท6 min read
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GST

GSTR-9 Annual Return: Who Must File, Key Sections, and Reconciliation Tips

GSTR-9 is the GST annual return โ€” a reconciliation of all monthly returns filed during the year. It is due by December 31 for the previous financial year. Here is who must file and how to approach it correctly.

7 Sep 2026ยท7 min read
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TDS

TDS Compliance for Businesses in India: Rates, Filing Deadlines, and Common Mistakes

Every business that makes salary, contractor, rent, or professional fee payments must deduct TDS and deposit it by the 7th of the next month. Missing this creates demand notices and interest. Here is what you need to know.

7 Sep 2026ยท8 min read
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ROC Compliance

ROC Annual Compliance for Private Limited Companies: What to File and When

Every Private Limited Company must file MGT-7 (annual return) and AOC-4 (financial statements) with the ROC every year, plus several other forms. Missing these attracts heavy additional fees. Here is the complete checklist.

7 Sep 2026ยท7 min read
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Company Registration

Private Limited Company Registration in India: Complete Step-by-Step Guide 2026

Registering a Private Limited Company through MCA21 typically takes 7โ€“15 working days. Here is the complete process โ€” from obtaining DIN and DSC to filing SPICe+ and receiving your Certificate of Incorporation.

7 Sep 2026ยท8 min read
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GST

GST Registration for Small Businesses: When It Is Mandatory and How to Apply

GST registration is mandatory once turnover crosses โ‚น40 lakh (goods) or โ‚น20 lakh (services). But voluntary registration often makes sense even below these limits. Here is what you need to know.

7 Sep 2026ยท7 min read
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