Interest payments are common in business, particularly when companies, firms and other entities borrow funds or maintain financial arrangements that result in interest payments. When such interest is paid or credited, the payer may be required to deduct TDS. TDS … Continued
Businesses making substantial purchases of goods may need to deduct TDS from payments to their suppliers. TDS Code 1031 is the relevant code for this category under the new Income Tax Act framework. TDS Code 1031 is particularly important for … Continued
Most businesses don’t start by looking for an integrated finance platform. They usually begin with one application, often accounting software. As the business grows, new requirements start to appear. Inventory needs to be managed, employees submit expense claims, recurring billing … Continued
E-invoicing has become an important part of GST compliance for businesses covered by the applicable rules. Yet, there is still confusion about what an e-invoice actually is, when the requirement applies and which invoices need to be reported. An e-invoice … Continued
August 2026 Due Dates We present the August 2026 due dates. It is best to complete these as soon as possible. And not wait for the last date. Due Dates are extended some times. So we show these here, if … Continued
E-invoicing has changed the way many businesses in India manage their GST invoices. For businesses covered by the e-invoicing rules, creating an invoice in accounting software is no longer the final step. The invoice details also need to be reported … Continued
Director KYC compliance has undergone a significant change from 31 March 2026. The Ministry of Corporate Affairs (MCA) has introduced a new framework that reduces the frequency of periodic KYC compliance for individuals holding a Director Identification Number (DIN). Under … Continued