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CA IndiaAgarwal M & Co. — Chartered Accountants

Knowledge Hub

Clear answers to common questions

Short, practical explainers on the questions we hear most — each with a 🌶️ pitfall rating so you know what deserves a closer look. If one feels familiar, we're a message away.

GST

Registration, returns, e-invoicing, e-way bills and input credits — kept clean and confident.

I'm below the GST turnover threshold — is registering still worth it?

Registration isn't only about crossing a threshold — voluntary registration can unlock input credits, B2B credibility and marketplace access.

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Does e-invoicing apply to a business my size?

E-invoicing applies once aggregate turnover crosses a notified limit — a limit that has been lowered repeatedly. Readiness is worth checking early.

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When do I actually need an e-way bill?

Movement of goods above a value limit needs an e-way bill — knowing who generates it, and when, keeps your consignments moving smoothly.

Good to knowRead

Can I claim input tax credit on every business purchase?

Input credit is valuable but conditional — some categories are blocked, and your credit depends on your supplier's compliance too.

High-stakes pitfallRead

Are GST return due dates the same for every business?

No — your filing calendar depends on your scheme and turnover. One tailored calendar brings real peace of mind.

Good to knowRead

Is the GST composition scheme right for my small business?

A flat, low rate and far lighter filing — in exchange for real trade-offs. The right answer depends on who your customers are.

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Does GST apply to rent?

Depends on what is rented, to whom, and for what use — commercial and residential follow different paths, including a reverse-charge twist.

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What is reverse charge (RCM), and when does it touch my business?

For notified supplies, the buyer pays the GST instead of the supplier. Knowing your handful of RCM categories keeps audits uneventful.

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I've received a GST notice — what should I do first?

A notice is a question, not a verdict. Note the date, understand the issue, reconcile the numbers, and reply well within time.

High-stakes pitfallRead

Is the GST registration threshold the same in every state?

No — the limit depends on whether you supply goods or services, and on your state. Several states work on lower thresholds, and some triggers ignore turnover entirely.

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My supplies are mostly exempt — do exempt sales still count for GST registration?

Yes — the threshold tests your aggregate turnover, which includes exempt supplies. A small taxable slice on top of large exempt sales can still mean registration.

High-stakes pitfallRead

Income Tax

TDS, regimes, capital gains and filings — planned ahead rather than patched later.

TDS has already been deducted — does that settle my income tax?

TDS is a prepayment, not the final bill. Reconciling it — and filing — is how you capture refunds and stay perfectly square.

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New vs old tax regime — how do I actually choose?

The right regime depends on your deduction profile — and the smart move is to compute both, every year.

Easy to trip onRead

I sold shares or property — how do capital gains actually work?

Gain type, rate and reliefs depend on the asset and holding period — and the best results come from planning before the sale.

High-stakes pitfallRead

Who needs to pay advance tax, and when?

If your tax for the year exceeds the prescribed limit after TDS, India expects it in quarterly instalments — a rhythm, not a year-end event.

Easy to trip onRead

Can presumptive taxation simplify my small business or practice?

Declare income as a prescribed percentage of turnover and skip detailed books — a genuine simplifier for eligible small businesses and professionals.

Good to knowRead

I missed the return deadline — what are my options now?

The door doesn't shut at the due date: belated, revised and updated returns each give you a way to set things right — sooner is smoother.

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Are gifts from family taxable?

Gifts from specified relatives are tax-free without limit; others have thresholds and occasions. A simple paper trail keeps it all beyond question.

Good to knowRead

Companies & LLPs (MCA / ROC)

Filings, registers and structure choices that keep your entity in perfect standing.

My company had no business this year — do ROC filings still apply?

Yes — annual filings follow the company's existence, not its activity. Staying current keeps the company and its directors in clean standing.

High-stakes pitfallRead

Which records must a company maintain beyond its accounts?

Statutory registers and minutes are a company's memory — tidy ones make audits, due diligence and fundraises remarkably smooth.

Good to knowRead

LLP vs Private Limited — which carries the lighter compliance load?

LLPs run lighter day to day; private companies carry more machinery but suit equity fundraising. Choose by destination, not just today's convenience.

Good to knowRead

What is director KYC, and do I really do it every year?

Every DIN holder confirms their details annually — a few minutes that keep your directorship active and every filing friction-free.

Easy to trip onRead

Does my LLP have annual filings even in a quiet year?

Yes — an LLP files its statement of accounts and annual return every year, activity or not. The cycle is light when kept current.

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What does “registering a charge” with the ROC mean when we borrow?

When a company offers assets as security, that security is registered with the ROC — and marked satisfied on repayment. A clean charge index keeps you lender-ready.

Good to knowRead

NRI

Residential status, accounts, property sales and treaty relief — fully compliant from anywhere in the world.

How does my residential status decide what India taxes?

Your day-count in India each year sets your status — and your status sets whether India taxes only Indian income or your global income.

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I'm an NRI selling property in India — what should I know about TDS?

Buyers must deduct tax at higher prescribed rates on the full sale price — unless you arrange a lower-deduction certificate in advance. Plan before the agreement.

High-stakes pitfallRead

NRE vs NRO — which account's interest does India tax?

NRE and FCNR interest is generally tax-free in India while you qualify; NRO interest is taxable with TDS. Routing income to the right account is half the planning.

Good to knowRead

The same income is taxed in two countries — how does treaty relief work?

Tax treaties decide which country taxes what, and give credit for the rest — claimed with a tax residency certificate and the right forms, planned ahead.

Easy to trip onRead

My Indian PAN suddenly shows as “inoperative” — what does that mean for me as an NRI?

An inoperative PAN can lift the tax deducted on your Indian income and stall investments — but NRIs sit outside the rule that causes it, and the fix is straightforward.

High-stakes pitfallRead

I rent out my flat in India — does my tenant really have to deduct tax before paying me?

Rent paid to an NRI landlord carries a deduction duty for the tenant from the very first rupee. Set up right, it's painless — and it keeps both sides clear of notices.

High-stakes pitfallRead

I've inherited a house in India — can I sell it and bring the money abroad?

Inherited Indian property can be held, sold and the proceeds sent abroad through a well-defined route — within an annual repatriation ceiling and with the right certifications in place.

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I invest in Indian mutual funds and shares — how is tax handled when I redeem?

For NRIs, tax on Indian fund and share gains is usually deducted at redemption itself — but treaty relief and a return often bring back more than you'd expect.

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I'm moving back to India for good — is there a tax window I should plan my return around?

Returning NRIs often qualify for a transitional status that keeps foreign income outside Indian tax for a few years — and the timing of your return can stretch that window.

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These explainers simplify the law on purpose and are general guidance, not advice on your specific facts. Rules, rates and thresholds evolve — each answer shows when it was last reviewed. For your situation, talk to us; that first conversation is exactly what we’re here for.

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