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My father-in-law (my husband’s dad) has FDs to the tune of 40 Lakhs on which he earns interest of 7.3% per annum and no other income.…
AY context: FY 2025-26, registered regular taxpayer (services), Delhi. Facts: - We pay monthly office rent to an individual landlord who…
Top answer: For commercial office rent paid to an unregistered landlord by a registered tenant, GST is…
What are realistic stipend ranges for first-year articles in Mumbai/Bengaluru/Delhi NCR at mid-size firms vs Big 4?
Top answer: Ranges vary widely by city and firm. Mid-size metros often fall in a modest monthly band for year…
One director's DIN shows deactivated due to KYC. AGM is done. Will AOC-4 / MGT-7 get rejected?
Top answer: Deactivated DIN often blocks DSC-based filings and form processing. Reactivate DIR-3 KYC (with fee…
Business turnover Rs. 9 crore, cash receipts well below 5%. Is tax audit still required? Using presumptive 44AD previously but opting out…
Top answer: Audit applicability depends on the current Finance Act thresholds and whether presumptive taxation…
For May, GSTR-1 taxable value is lower than what we paid in GSTR-3B due to a manual invoice missed in the ERP export. Should we amend…
Top answer: Report the missed invoice in the next period's GSTR-1 (amendment tables as applicable) and keep a…
Private limited company paying salary to whole-time director who is also an employee. Is GST applicable under RCM? What about sitting fees…
Top answer: Where director remuneration is declared as salary in the books and TDS u/s 192 is deducted…
Our client's turnover in FY 2024-25 was Rs. 8.2 crore. In FY 2025-26 purchases from one vendor already crossed Rs. 60 lakh. Does 194Q…
Top answer: Section 194Q applies only if the buyer's turnover/gross receipts/sales exceeded Rs. 10 crore in…