Articles by Ayush

Form 24: Audit Compliance under Section 59 for Royalty and Technical Service Fees

Posted by Ayush 25 March 2026 1030 Views

Form No. 24 under Rule 43 of the Income-tax Rules, 2026 is a mandatory CA-certified audit report for non-residents and foreign companies earning royalty or FTS in India through a PE, ensuring accurate income computation under Section 59.

Form 3 of Income Tax Rules 2026: From Bonds to Compliance

Posted by Ayush 25 March 2026 168 Views

Form 3 is prescribed under Rule 7 of the Income-tax Rules (as aligned with the Income-tax Bill, 2025). It must be furnished by:Infrastructure capital companiesI...

Form No 2 of IT Rules 2026: Zero Coupon Bond Approval Application

Posted by Ayush 24 March 2026 2052 Views

Form 2 under Rule 7 of the Income-tax Rules, 2025 is mandatory for infrastructure entities and PSUs to apply for Zero-Coupon Bond (ZCB) notification. Learn eligibility, filing process, timelines, key conditions, and tax benefits under Section 2(112) and Section 32(1)(d).

Form No 1 of IT Rules 2026: Stock Exchange Monthly Compliance Statement

Posted by Ayush 24 March 2026 1172 Views

Form No. 1 is a mandatory monthly statement for stock exchanges reporting client code modifications under Rule 4 of the Income-tax Rules, 2026, replacing Form 3BB, with updated filing requirements, structure and timelines.

Mistake in Reporting Foreign Assets Can Cost You Rs 10 Lakh

Posted by Ayush 19 March 2026 1494 Views

Report foreign assets or income correctly in ITR and avoid costly penalties. Learn how to report and know the tax reporting rules in ITR to stay compliant.

PAN Registered In IT Portal But Not Filing ITR: Big Tax Confusion Whether It Is Mandatory To File ITR?

Posted by Ayush 26 December 2025 804 Views

PAN registered but confused about ITR? Know if you really need to file your ITR! Learn when filing is mandatory and when it is not.

New UPI Transaction Limits For 2026: Big Update

Posted by Ayush 22 December 2025 3632 Views

Learn about new UPI transaction limits for 2026, daily limits, business QR rules and when Income Tax or GST notices hit.

Extended Final Date To File GSTR 9 For FY 2024-25

Posted by Ayush 16 December 2025 60342 Views

Latest update on GSTR-9 filing deadline. Find out if the government has announced any extensions.

Railways Terminated 3.02 Crore Suspicious IDs for Ticket Booking: Why?

Posted by Ayush 12 December 2025 153 Views

Indian Railways is cracking down on ticket fraud with strong measures like Aadhaar-based OTP verification, anti-bot technology, and the deactivation of 3.02 crore suspicious user IDs.