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 answers
Ask, freeWe have grown to 22 employees. Are PF and ESI now compulsory, and what do they cost us?
In short
Both, and the clock started the month you reached 20.
ERPCA Expert Desk · 6 Aug 2026
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Our GSTR-2B shows ₹3.4 lakh less ITC than our purchase register because two suppliers have not filed GSTR-1. Can we still claim it?
In short
No. Since 1 January 2022, section 16(2)(aa) read with rule 36(4) allows input tax credit only for invoices that appear in your GSTR-2B. A valid invoic...
ERPCA Expert Desk · 3 Aug 2026
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Selling a flat bought in 2012 for ₹38 lakh at ₹1.1 crore. How much capital gains tax, and how can I save it?
In short
This is a long-term gain (held more than 24 months) and, because you bought before 23 July 2024, you get to choose the lower of two computations.
ERPCA Expert Desk · 2 Aug 2026
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Private limited or LLP for a two-founder SaaS startup that plans to raise an angel round next year?
In short
If a funding round is realistically on the roadmap, incorporate a private limited company from day one.
ERPCA Expert Desk · 29 Jul 2026
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We incorporated a private limited company in January and have no revenue yet. Which ROC filings are compulsory this year, and what happens if we miss them?
In short
Everything below applies even with zero revenue; the Companies Act does not have a dormant-by-default state.
ERPCA Expert Desk · 26 Jul 2026
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Is TDS applicable when our partnership firm pays ₹45,000 a month office rent to an individual landlord?
In short
Not at this rent. From 1 April 2025 the threshold under section 194-I rose from ₹2.4 lakh to ₹6 lakh a year. ₹45,000 a month is ₹5.4 lakh, so no deduc...
ERPCA Expert Desk · 22 Jul 2026
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Old or new tax regime for FY 2026-27? Salary ₹14 lakh, HRA, 80C ₹1.5 lakh and ₹2 lakh home-loan interest.
In short
Run the numbers both ways; with your figures the new regime still wins, but it is closer than most people expect.
ERPCA Expert Desk · 21 Jul 2026
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We sell sarees on Amazon to customers all over India. Is GST registration compulsory when our turnover is only ₹9 lakh?
In short
Yes, you need to register, and the reason is not the turnover limit but the nature of the sales.
ERPCA Expert Desk · 16 Jul 2026
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Do I need GST registration for freelance design work billed only to US clients?
In short
Short answer: you must register once your aggregate turnover crosses ₹20 lakh in a financial year, and even then you will not charge your US clients G...
ERPCA Expert Desk · 15 Jul 2026
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