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Five hundred real questions.
Answered for India's law.

The questions businesses, startups, professionals and NRIs actually ask — tax, GST, audit, incorporation, FEMA, ROC — answered in plain language. Search yours, or filter by topic.

ANSWERED BY CA VIJAY R SINGH, FCA · ICAI M.NO. 153926 · REVIEWED REGULARLY

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NRI Taxation (70)

How many days can I stay in India without losing my NRI status?
What is RNOR status and how long can I keep it after returning to India?
I’m moving back to India — will my foreign income be taxed?
How do I know if I’m an NRI or resident for tax this year?
Does the 120-day rule apply to me if I earn over ₹15 lakh in India?
Can I be taxed in India as a ’deemed resident’ if I don’t pay tax anywhere?
How do I count my days of stay in India for NRI status?
Is my residential status different under FEMA and income tax?
I moved abroad in the middle of the year — am I a resident or NRI?
As an NRI, what income do I actually have to pay tax on in India?
Do I have to pay TDS when I sell my property in India as an NRI?
How much TDS will be deducted when I sell my property as an NRI?
Why is my TDS so much higher than the 1% residents pay?
When I sell my property, does the buyer deduct the TDS or do I?
What’s the TDS difference between long-term and short-term gains on my property?
Can the buyer deduct TDS only on my profit instead of the full sale price?
What happens if the buyer didn’t deduct TDS on my property sale?
How do I get back the extra TDS deducted on my property sale?
Should the buyer give me a TDS certificate (Form 16A) after the sale?
How is capital gain calculated when I sell a property I inherited?
Do I pay TDS if I sell agricultural land in India as an NRI?
What does the buyer need to deduct TDS correctly when buying my property?
How do I avoid so much TDS being blocked when I sell my property?
What is Form 13 and how do I apply for a lower TDS certificate?
How long does it take to get a lower TDS certificate?
Can I get a nil TDS certificate if I’m reinvesting under Section 54?
What’s the step-by-step process to get a lower TDS certificate before I sell?
How much money can I send abroad from India in a year as an NRI?
How do I transfer my property sale money abroad?
What are Form 15CA and 15CB and do I need them to send money abroad?
Can I take inherited money out of India?
How much can I repatriate from my NRO account?
Do I need a CA certificate to send money from India to my overseas account?
Is my NRE account interest taxable in India?
Is the interest on my NRO account taxable?
What’s the difference between NRE, NRO and FCNR accounts for tax?
Do I have to change my savings account after becoming an NRI?
How much TDS is deducted on my NRO account interest?
Is interest on my FCNR deposit taxable in India?
Can I claim Section 54 exemption when I sell my house as an NRI?
Can I invest in 54EC bonds to save tax on my property sale?
How can I save capital gains tax when I sell property in India?
How long do I need to hold my property for long-term capital gains?
Can I claim Section 54F exemption by buying a house?
Do I still get indexation benefit on my long-term capital gain?
Can I reinvest my gains in property abroad and still save tax?
How does the DTAA stop me being taxed twice on my Indian income?
What is a Tax Residency Certificate and do I need one?
I live in the USA — how do I claim DTAA benefit on my Indian income?
What is Form 67 and when do I have to file it?
Can I get credit in India for tax I already paid abroad?
I’m in the UAE — is my salary exempt from Indian tax?
How are dividends from Indian companies taxed for me as an NRI?
Do I need to file an income tax return in India as an NRI?
Which ITR form should I use as an NRI?
What’s the tax-free income limit for NRIs in India?
Can I get my TDS refunded by filing a return?
What’s the last date for an NRI to file the income tax return?
Do I need to file a return if I only earn NRE interest?
Can I choose the new tax regime as an NRI?
Do I have to pay tax on property I inherited in India?
Are gifts I receive from family in India taxable?
How much tax will I pay when I sell property I inherited from my parents?
Is there any inheritance or estate tax in India?
How are my mutual fund gains taxed in India as an NRI?
How much TDS is cut when I redeem my mutual funds?
Can I invest in Indian stocks as an NRI, and how is it taxed?
Do I still need a PIS account to invest as an NRI?
How are my investments in GIFT City taxed?
How are gains on my listed shares taxed in India?

Startups (70)

How do I register my startup with DPIIT?
What are the benefits of DPIIT recognition for my startup?
Is my company eligible for Startup India recognition?
How long does DPIIT startup registration take?
What documents do I need for DPIIT registration?
Can an LLP get DPIIT startup recognition?
How many years is a company considered a startup?
What is the turnover limit to remain a startup?
Does DPIIT recognition give me tax exemption automatically?
How do I update or correct my DPIIT certificate?
How do I claim the 80-IAC tax holiday for my startup?
What is the Section 80-IAC startup tax exemption?
Am I eligible for the 80-IAC tax holiday?
How many years of tax exemption does 80-IAC give?
What is the Inter-Ministerial Board approval for 80-IAC?
Can an LLP claim the 80-IAC tax holiday?
Why was my 80-IAC application rejected?
Does the 80-IAC holiday cover MAT or AMT?
What is angel tax and does it still apply to startups?
Is angel tax abolished from 2024?
How do I get angel tax exemption for my startup?
Does angel tax apply to foreign investors?
What share premium triggers angel tax?
How is angel tax calculated?
Do I need a valuation report to avoid angel tax?
Is angel tax applicable on convertible notes?
How are ESOPs taxed for employees in India?
When is an ESOP taxed — at exercise or at sale?
How do startups defer ESOP tax for employees?
How do I set up an ESOP plan for my startup?
What is an ESOP pool and how big should it be?
How is the ESOP perquisite value calculated?
What happens to my ESOPs if I leave the company?
How are ESOPs taxed when I sell the shares?
How is a startup valued for a share issue?
What is Rule 11UA valuation?
Do I need a registered valuer for a share issue?
What is the difference between DCF and NAV valuation?
Why does the tax department challenge startup valuations?
How is the FMV of unlisted shares calculated?
Do I need a valuation to issue shares to a foreign investor?
How do I issue shares to an investor in my startup?
What is a SAFE note and is it valid in India?
How do convertible notes work for Indian startups?
What ROC filings are needed after I raise funds?
What compliances apply when a foreign investor invests?
What is FCGPR and when do I file it?
How much equity should I give an investor?
What is a cap table and why do I need one?
Should my startup be a Pvt Ltd or an LLP?
Why do investors prefer a Private Limited company?
Can I convert my LLP to a Private Limited company?
Can I convert my proprietorship into a Pvt Ltd?
Is a One Person Company good for a startup?
How much does it cost to register a startup in India?
What are the annual compliances for a Private Limited startup?
What ROC filings must a startup do every year?
What happens if my startup misses ROC filings?
Does my startup need a statutory audit from year one?
What board meetings and minutes are required?
Do startups get any relief from compliances?
What is DIR-3 KYC and do directors need it?
What statutory registers must a company maintain?
How should co-founders split equity?
What is founder vesting and why does it matter?
Can my startup carry forward losses after a funding round?
What is a founders’ agreement and do I need one?
How are sweat equity shares taxed?
Can I pay myself a salary as a startup founder?
What expenses can my startup claim before incorporation?

Income Tax (70)

Which ITR form should I file?
Who has to file an income tax return in India?
What is the last date to file my ITR this year?
What happens if I miss the ITR deadline?
How do I file a revised return?
What is an updated return (ITR-U) and can I still file it?
How do I e-verify my income tax return?
Do I need to file ITR if my income is below the limit?
How do I claim an income tax refund?
Why is my income tax refund delayed?
Should I choose the old or the new tax regime?
What are the new tax regime slabs for FY 2025-26?
Can I switch between the old and new regime every year?
Which deductions are allowed in the new tax regime?
Is income up to 12 lakh tax-free in the new regime?
How does the standard deduction work in each regime?
Is the old regime better if I have a home loan?
How do I tell my employer which regime I want?
How are capital gains on shares taxed?
What is the tax on selling a house in India?
How are mutual fund gains taxed?
What is the LTCG tax rate after Budget 2024?
Is indexation still available on property sales?
How do I calculate capital gains on shares?
What is the tax on crypto and virtual digital assets?
How are gains on gold or jewellery taxed?
Can I set off capital losses against gains?
What is the tax on selling unlisted shares?
How can I save tax on capital gains from property?
What is the Section 54 exemption?
What is the Section 54F exemption?
How do 54EC capital gains bonds work?
What is the Capital Gains Account Scheme?
Can I claim Section 54 for two houses?
What deductions can I claim under Section 80C?
How much health insurance can I claim under 80D?
Can I claim both HRA and a home loan?
What is the deduction for home loan interest?
Is my NPS contribution deductible?
Can I claim donations as a deduction?
What deduction can I claim on an education loan?
Are any deductions available in the new regime?
How is HRA exemption calculated?
Can I claim HRA if I pay rent to my parents?
How is my salary taxed in India?
What are perquisites and how are they taxed?
How is gratuity taxed?
How is leave encashment taxed?
Is my Provident Fund withdrawal taxable?
How is rental income taxed?
What can I deduct from my rental income?
How is a self-occupied house taxed?
How is income from a second house taxed?
Do I pay tax on a house I let to family?
What is TDS and how does it affect me?
How do I claim TDS that’s already been deducted?
What is Form 26AS and the AIS?
What is TCS on foreign remittance (LRS)?
Is TDS deducted on fixed deposit interest?
What is TDS on rent and who deducts it?
Do I need to pay advance tax?
What are the advance tax due dates?
What is interest under Section 234B and 234C?
How do I pay advance tax online?
How do I calculate my advance tax?
I got an income tax notice — what should I do?
What is a Section 143(1) intimation?
Why did I get a defective return notice (139(9))?
What is a Section 148 reassessment notice?
How do I respond to a tax demand?

GST (60)

Do I need to register for GST?
What is the turnover limit for GST registration?
How do I register for GST online?
What documents are needed for GST registration?
Is GST registration mandatory for online sellers?
What is voluntary GST registration and should I do it?
Do freelancers need GST registration?
What is the GST registration limit for services?
Do I need separate GST registration for each state?
How long does GST registration take?
Which GST returns do I have to file?
What is the difference between GSTR-1 and GSTR-3B?
What are the due dates for GST returns?
What is the late fee for filing GST returns late?
What is the GSTR-9 annual return?
Do I need to file GSTR-9C reconciliation?
What happens if I don’t file my GST returns?
Can I file a nil GST return?
What is the QRMP scheme?
How do I correct a mistake in a filed GST return?
What is input tax credit and how do I claim it?
Why is my ITC blocked or not showing?
What is blocked credit under Section 17(5)?
Can I claim ITC on a car or business expenses?
What is the time limit to claim ITC?
How does GSTR-2B affect my ITC claim?
What if my supplier doesn’t file their return?
Do I need to reverse ITC on free samples or losses?
Do I need to do e-invoicing?
What is the turnover limit for e-invoicing?
How do I generate an e-invoice?
What is an e-way bill and when is it needed?
How do I generate an e-way bill?
What happens if I move goods without an e-way bill?
Is e-invoicing required for B2C sales?
How long is an e-way bill valid?
What is the GST composition scheme?
Am I eligible for the composition scheme?
What are the GST rates under composition?
Can I claim ITC under the composition scheme?
What returns does a composition dealer file?
What is the reverse charge mechanism in GST?
On which expenses do I pay GST under RCM?
Is RCM applicable on rent or legal fees?
Can I claim ITC on RCM I’ve paid?
Is RCM applicable on import of services?
How do I claim a GST refund?
What is a LUT and do exporters need one?
How is GST handled on exports?
How do I claim a refund of excess GST paid?
Can I get a refund of accumulated ITC?
How long does a GST refund take?
I got a GST notice — how do I respond?
What are GST DRC-01 and ASMT-10?
Why was my GST registration cancelled?
How do I revoke a cancelled GST registration?
What happens in a GST audit by the department?
How do I reply to a GST mismatch notice?
What are the penalties under GST?
Can I appeal a GST order?

Incorporation (55)

How do I register a Private Limited company in India?
What documents are needed to register a company?
How long does company registration take?
How much does it cost to register a Pvt Ltd company?
How many directors and shareholders are needed?
What is the minimum capital to start a Pvt Ltd?
Can a single person own a Private Limited company?
Can NRIs or foreigners be directors in an Indian company?
What is the SPICe+ form for company registration?
What is the difference between authorised and paid-up capital?
How do I register an LLP in India?
What is the difference between an LLP and a Pvt Ltd?
What are the advantages of an LLP?
How many partners are needed for an LLP?
What are the annual compliances for an LLP?
Does an LLP need an audit?
How is an LLP taxed?
Can I convert my LLP to a company later?
What is a One Person Company (OPC)?
How do I register an OPC?
What is the difference between an OPC and a proprietorship?
What are the compliances for an OPC?
Can an OPC be converted to a Private Limited?
Who can register an OPC in India?
How do I register a sole proprietorship?
What registrations does a proprietor need?
How is a proprietorship taxed?
What is the difference between a proprietorship and a Pvt Ltd?
Can I convert my proprietorship to a company?
How do I register a partnership firm?
Is registering a partnership firm mandatory?
What is the difference between a partnership and an LLP?
How is a partnership firm taxed?
How does a foreign company set up a subsidiary in India?
What are the options for a foreign company to enter India?
What is the difference between a subsidiary and a branch office?
What FDI compliances apply to a foreign subsidiary?
Can a foreign company own 100% of an Indian company?
What is a liaison office and how is it set up?
How is a foreign subsidiary taxed in India?
What is transfer pricing for a foreign subsidiary?
What do I need to do after incorporating my company?
When must I file the commencement of business form?
How do I open a company bank account?
What is the first auditor appointment timeline?
Do I need GST and PAN immediately after incorporation?
What ongoing compliances apply after incorporation?
Which business structure is right for me?
What is the most tax-efficient business structure?
How do I check if my company name is available?
How do I reserve a company name?
What is a DSC and why do I need it?
What is a DIN and how do I get one?
What are the MOA and AOA?
Can I register a company at my home address?

Compliance / ROC / Payroll (50)

What are the annual ROC filings for a company?
What is Form AOC-4?
What is Form MGT-7?
What are the due dates for ROC annual filings?
What is the penalty for late ROC filing?
What annual filings does an LLP have to do?
What happens if a company doesn’t file with the ROC?
How do I revive a struck-off company?
What is the active company tag (INC-22A)?
What is the cost of annual ROC compliance?
What is DIR-3 KYC and who needs to file it?
What is the due date for director KYC?
What happens if I miss director KYC?
How do I reactivate a deactivated DIN?
Is PF registration mandatory for my business?
When is ESI registration required?
What are the PF contribution rates?
What are the ESI contribution rates?
What is the due date for PF and ESI payment?
What is the penalty for late PF payment?
Is PF applicable on all salary components?
How do I register for PF and ESI?
What is professional tax and who pays it?
Is professional tax registration mandatory?
What are the professional tax rates in Maharashtra?
What is the due date for professional tax payment?
Do freelancers and professionals pay professional tax?
How do I set up payroll for my employees?
How is TDS on salary calculated?
When do I deposit TDS deducted from salary?
What is Form 16 and when do I issue it?
What is Form 24Q?
What statutory deductions apply to salaries?
What ROC filing is needed when I add a director?
What filing is needed when shares are allotted?
How do I change my company’s registered office?
How do I increase my authorised share capital?
How do I remove or resign a director?
How do I change my company name?
Is shops and establishment registration required?
What is POSH compliance and does it apply to me?
Do I need an MSME / Udyam registration?
What are the benefits of MSME registration?
What labour law registrations does a startup need?
What is the 45-day MSME payment rule (43B(h))?
What compliance calendar should my business follow?
What is a DPT-3 return?
What is MSME Form 1 (half-yearly)?
What is BEN-2 / significant beneficial owner filing?
What records must I keep for statutory compliance?

Audit (44)

Is a tax audit applicable to me?
What is the tax audit turnover limit?
What is the tax audit limit for professionals?
What is the due date for a tax audit report?
What is the penalty for not getting a tax audit done?
Does the 5% cash limit affect my tax audit?
Is a tax audit required if I have a loss?
Does presumptive taxation exempt me from audit?
What documents are needed for a tax audit?
What are Form 3CA, 3CB and 3CD?
Is a statutory audit mandatory for my company?
Does a Private Limited company need an audit every year?
What is the difference between a statutory and a tax audit?
Who can be appointed as a company auditor?
Does an LLP need a statutory audit?
What is auditor rotation?
What happens if a company isn’t audited?
What is the company audit due date?
What is reported in Form 3CD?
What is clause 44 of Form 3CD?
How do I file the tax audit report online?
Can a tax audit report be revised?
What disallowances are reported in a tax audit?
Does the auditor report my cash transactions?
Is an internal audit mandatory for my company?
What is the difference between internal and statutory audit?
Who can conduct an internal audit?
What does an internal audit cover?
How does an internal audit help my business?
Do I need a GST audit or reconciliation?
What is the GSTR-9C reconciliation?
How do I reconcile my books with GST returns?
What is the turnover limit for GSTR-9C?
What records are checked in a GST audit?
Does my charitable trust need an audit?
What is Form 10B for a trust audit?
Does a housing society need an audit?
What is a stock audit for a bank loan?
What is a concurrent audit?
What is a management audit?
How is turnover calculated for audit limits?
Does turnover include GST for audit limits?
What is the difference between an audit and a review?
When should a startup get its first audit?

Trusts / Societies (40)

How do I register my trust under Section 12AB?
What is Section 12AB registration?
What is the difference between 12A and 12AB?
How long is 12AB registration valid?
How do I renew my 12AB registration?
What documents are needed for 12AB registration?
Can a newly formed trust get 12AB?
What happens if a trust isn’t registered under 12AB?
How do I get 80G registration for my NGO?
What is 80G and how does it help donors?
How do I renew my 80G registration?
What are Form 10BD and 10BE?
What is the difference between 12AB and 80G?
Can a trust get 100% deduction under 80G?
What is FCRA registration and who needs it?
What is the eligibility for FCRA registration?
What is the difference between FCRA registration and prior permission?
What returns must an FCRA-registered NGO file?
Can an NGO receive foreign donations without FCRA?
What is the SBI Delhi FCRA account requirement?
Does my housing society need an audit?
What is a Section 81 audit for societies?
What returns must a housing society file?
Is a housing society liable to income tax?
How is a housing society’s interest income taxed?
Who appoints the auditor for a housing society?
How do I form a charitable trust in India?
What is the difference between a trust, society and Section 8 company?
What is a private family trust and how is it taxed?
How do I set up a family trust for succession?
What are the tax benefits of a family trust?
How does a trust file its income tax return?
When does a trust need a 10B audit report?
How much must a trust spend to keep its exemption?
What is accumulation of income by a trust?
How is an anonymous donation to a trust taxed?
What is CSR and which companies must comply?
How much must a company spend on CSR?
What is Form CSR-2?
Can an NGO partner with companies for CSR funds?

Doctors / Professionals (25)

Can I use presumptive taxation as a doctor or professional?
What is Section 44ADA?
What is the turnover limit for 44ADA?
How is income calculated under 44ADA?
Which professionals are eligible for 44ADA?
Can I declare less than 50% under 44ADA?
Do I need to maintain books under 44ADA?
Which ITR form do I file under 44ADA?
When must a professional maintain books of account?
When is a tax audit required for a professional?
What records should a doctor keep for tax?
How are professional receipts taxed?
What is an HUF and how can it save tax?
How do I create an HUF?
What income can be taxed in an HUF?
What are the disadvantages of an HUF?
How should a doctor structure their practice for tax?
Can I claim depreciation on medical equipment?
What expenses can a doctor claim?
How is a partnership of doctors taxed?
Do doctors and professionals need GST registration?
Is healthcare exempt from GST?
Do consultants and freelancers pay GST?
Which ITR form should a professional file?
How do professionals pay advance tax?

Accounting / Virtual CFO (15)

Why is bookkeeping important for my business?
Should I outsource my accounting?
Which accounting software is right for a small business?
How often should my books be updated?
What is an MIS report and do I need one?
Which financial reports should I review monthly?
How do I read my profit and loss statement?
What does a Virtual CFO do?
When should my business hire a Virtual CFO?
What is the difference between an accountant and a CFO?
How much does a Virtual CFO cost?
How can a Virtual CFO help me raise funding?
How do I manage cash flow in my business?
How do I create a budget for my business?
What is the difference between profit and cash flow?

Five hundred real questions.
Answered for India's law.

Browse all questions by category

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FIRM

Five hundred real questions.Answered for India's law.

Browse all questions by category

WHO WE SERVE

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FIRM

Five hundred real questions.
Answered for India's law.