Category: Income Tax Published by: Atul Kapur & Associates Many taxpayers are surprised by a demand notice from the Income Tax department asking for interest on advance tax not paid. Unlike salaried employees whose tax is deducted at source by their employer, self-employed professionals, business owners, freelancers, and investors are required to pay their estimated tax liability in advance — in instalments across the financial year. Understanding advance tax is especially

Published by: CA Atul Kapur, Senior Partner, Atul Kapur & Associates Transfer pricing is often thought of as a concern only for large multinational corporations. In reality, any Indian business that transacts with a related party outside India, even a small exporter dealing with a foreign subsidiary or a family member's business abroad, is subject to India's transfer pricing regulations. With over 38 years of experience working with exporters, travel trade businesses, and e

A new financial year means a fresh compliance clock. Missing even a single GST deadline can cost your business more than just a late fee — it can affect your Input Tax Credit (ITC), trigger notices from GST authorities, disrupt vendor relationships, and in repeat cases, lead to suspension of your GST registration. FY 2026-27 (April 2026 to March 2027) brings with it the same core filing structure, but with updated enforcement focus from GSTN on ITC mismatches and e-invoicing

Category: NRI & International Tax Published by: Atul Kapur & Associates Whether you are an Indian professional working abroad, a returning NRI, or a foreign national with income sources in India, understanding your tax obligations is critical to staying compliant and avoiding double taxation. India's tax rules for Non-Resident Indians (NRIs) are nuanced and have seen significant updates in recent years. Here is a plain-English guide to help you understand where you stand. S