ITR, GST, NRI tax and compliance answers people search every day

ITR-1 is only for simple resident salary cases. ITR-2 is usually needed for capital gains, NRI income or multiple house properties, while ITR-3 or ITR-4 applies when business or professional income is involved.

For most individuals without audit, the regular ITR due date is July 31, 2026. Audit cases, transfer pricing cases, belated returns and revised returns have separate deadlines.

Compare total tax after standard deduction, 80C, 80D, HRA, home loan interest and other deductions. The new regime is simpler, but the old regime can still win when deductions are high.

GST registration depends on turnover, state, business model and supply type. E-commerce sellers, interstate suppliers and certain notified businesses may need registration earlier than the usual threshold.

Match invoice number, GSTIN, date, taxable value and tax amount between GSTR-2B and books before claiming ITC. Document supplier follow-ups for missing invoices.

Use a reverse GST calculation when your invoice amount is GST-inclusive. This separates base value and GST amount for accounting and reconciliation.

NRIs file ITR in India when Indian taxable income exceeds the threshold, they need a refund, they sold assets in India, or they have specific reporting obligations.

Residential status is based on day-count tests under Indian tax law. The exact result depends on days in India during the relevant financial year and preceding years.

DTAA relief may be available through exemption or foreign tax credit, depending on the treaty article, income type, tax residency certificate and supporting documents.

Check the section, assessment year, response deadline and mismatch reason first. Then reconcile the notice with AIS, Form 26AS, ITR computation and supporting evidence before replying.

Yes. Salary, interest, capital gains, dividend, rent, GST turnover and foreign remittance mismatches can trigger portal alerts or notices when ITR reporting does not match reported data.

A CA is useful when the notice involves ITC mismatches, tax demand, cancellation risk, annual return differences or documentation gaps that need evidence-led replies.

Private Limited is usually better for funded startups, LLP is simpler for professional or closely-held firms, and OPC suits solo founders who want limited liability.

Typical post-incorporation compliance includes bank account setup, auditor appointment, statutory registers, accounting, GST/TDS/PF as applicable and ROC annual filings.

Use a checklist based on entity type, turnover, employee count, GST status and fundraising plans to identify monthly, quarterly and annual obligations.

80C covers EPF, PPF, ELSS, LIC premium, home loan principal, tuition fees and more up to the combined Rs 1.5 lakh limit under the old regime.

HRA depends on actual HRA received, rent paid, salary and whether you live in a metro city. Rent receipts and landlord PAN may be needed.

Advance tax generally applies when total tax payable after TDS exceeds Rs 10,000 during the financial year. Missing instalments can trigger interest.

A business should set up chart of accounts, invoicing, expense capture, bank reconciliation, GST/TDS tracking, payroll records and monthly MIS from the start.

Payroll compliance can include salary TDS, Form 16, PF, ESI, professional tax, labour law records and state-specific payments.

A virtual CFO helps when founders need cash-flow visibility, investor MIS, compliance discipline, budgeting, unit economics and board-ready reporting.

Use income tax, old vs new regime, HRA, capital gains, dividend tax and advance tax calculators based on your income sources.

Calculators are useful for estimates, but CA review is still important for ITR form selection, AIS reconciliation, deductions, notices and cross-border reporting.

Start with residential status, DTAA and NRI property TDS calculators, then review exact reporting based on India income and foreign disclosures.