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Questions, answered by practising CAs

Real situations from business owners and professionals, answered in writing and reviewed before they are published. Read the answer, then ask about your own case.

33 questions answered 15 topics 2–3 working days, typically Free, no account

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ROC & company law compliance Chennai

What are the annual compliances for an LLP with ₹55 lakh turnover, and is an audit now compulsory?

In short

Yes, the audit applies from this year, and it changes your income-tax deadline too.

ERPCA ERPCA Expert Desk · 3 Sep 2026 Read →
Tax notices, appeals & litigation Pune

Got a show-cause notice under section 148A for AY 2021-22 about cash deposits. Is it still within time, and how should I respond?

In short

Check the time limit first; it may decide the matter before you argue the merits.

ERPCA ERPCA Expert Desk · 2 Sep 2026 Read →
FEMA & foreign investment Gurugram

Our private limited company has received $150,000 from a Singapore investor for shares. What are the FEMA and company-law filings and deadlines?

In short

The money starts two clocks: shares must be allotted within 60 days of receipt, and the allotment must be reported to the RBI within 30 days after tha...

ERPCA ERPCA Expert Desk · 31 Aug 2026 Read →
Income tax & ITR filing Lucknow

Retired, 67, pension of ₹6 lakh and FD interest of ₹5 lakh. Which regime, do I pay advance tax, and can I stop the bank deducting TDS?

In short

Under the new regime you owe nothing, and you can stop the TDS with a Form 15H.

ERPCA ERPCA Expert Desk · 27 Aug 2026 Read →
GST registration & returns Kolkata

Restaurant with ₹90 lakh turnover: composition scheme or regular GST, and how do Swiggy and Zomato orders work?

In short

Both routes cost you 5% with no input credit, so the choice is about paperwork, not tax.

ERPCA ERPCA Expert Desk · 24 Aug 2026 Read →
Startup registration & advisory Hyderabad

We are granting ESOPs to our first ten employees. How are they taxed, and what does the company need to do under company law?

In short

Employees are taxed twice, at exercise and at sale, and never at grant or vesting.

ERPCA ERPCA Expert Desk · 23 Aug 2026 Read →
Tax audit Coimbatore

Trading turnover of ₹1.6 crore with 95% digital receipts. Do I need a tax audit, or can I use presumptive taxation?

In short

No audit is required, and 44AD is available; whether you should use it depends on your real margin.

ERPCA ERPCA Expert Desk · 20 Aug 2026 Read →
TDS / TCS compliance Ahmedabad

We pay a freelance developer ₹40,000 a month. Is TDS under 194J or 194C, and does GST apply?

In short

The developer is right. Software development by an individual is a professional service, and section 194J applies.

ERPCA ERPCA Expert Desk · 17 Aug 2026 Read →
International tax & NRI Bengaluru

Moved back from the US in February 2026 after six years. What is my residential status for FY 2025-26 and 2026-27, and how are my 401(k) and RSUs taxed?

In short

FY 2025-26: non-resident. You were in India for under 182 days, and the alternative test (60 days in the year plus 365 in the preceding four) fails be...

ERPCA ERPCA Expert Desk · 17 Aug 2026 Read →
Company / LLP registration Jaipur

How do I convert my sole proprietorship into a private limited company and carry over GST, the bank loan and my customer contracts?

In short

Nothing moves automatically; the company is a new person in law, so each registration and contract is transferred in its own way. Done in the right se...

ERPCA ERPCA Expert Desk · 14 Aug 2026 Read →
Tax notices, appeals & litigation Mumbai

Received a GST ASMT-10 scrutiny notice for FY 2023-24 on a GSTR-3B versus GSTR-1 mismatch. How should we reply?

In short

ASMT-10 is a scrutiny under section 61, not a demand. A clear, document-backed reply in Form ASMT-11 within the 30 days usually closes it.

ERPCA ERPCA Expert Desk · 11 Aug 2026 Read →
Income tax & ITR filing New Delhi

I missed the 31 July deadline for filing my return. What are my options now and what does it cost?

In short

You can still file a belated return under section 139(4) up to 31 December 2026, and the damage at your income level is modest.

ERPCA ERPCA Expert Desk · 7 Aug 2026 Read →

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