GSRC & Associates Chartered Accountants
Knowledge Hub

Tax & Compliance Insights

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

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GST FEATURED 8 min read

GST Registration for Freelancers & Consultants in India: When It's Mandatory

Freelancers and independent consultants often underestimate their GST obligations — especially those with foreign clients, where the rules around export of services and reverse charge can be counterintuitive. Here is a clear breakdown of when you must register, when you should register voluntarily, and what it means for your invoicing and compliance.

5 Sep 2026 Read article →
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NRI

NRI ITR Filing Guide 2026: Which Form, DTAA, Rental Income & Capital Gains

If you are an NRI with income from India — rent, dividends, capital gains, or interest — you likely have an ITR filing obligation even though you live abroad. This guide covers which form to use, how DTAA reduces your tax, and the 15CA/15CB process for repatriation.

3 Sep 2026·9 min read
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Tax

F&O Trading Tax in India 2026: Losses, Audit Limit & Carry-Forward Rules

F&O trading income is treated as business income — not capital gains — under Indian income tax law. That distinction changes everything: which ITR form you file, whether you need a tax audit, and how long you can carry forward losses.

1 Sep 2026·8 min read
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Compliance

Income Tax Notice: Types & How to Respond Without Panicking

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

25 Jul 2026·6 min read
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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 — 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 2026·8 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 ₹1.5 lakh — but only under the old tax regime, and only if you plan ahead. Here is a full breakdown of what qualifies.

25 Jul 2026·7 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 — only certain income is taxable in India, but the rules around TDS, DTAA and reporting are easy to get wrong from abroad.

25 Jul 2026·8 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 2026·7 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 2026·6 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 2026·6 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 2026·7 min read
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