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Latest articles (39)
By 15 December, three-quarters of your tax should already be paid — re-estimate before you pay
75% of your estimated Tax Year 2026-27 tax is due by 15 December 2026 — re-estimate first, because the Section 425 interest has no cushion at this step.
Nov 2026 · 6 min readVajpayee Bankable Yojana: a Gujarat subsidy for your first venture
Loan limit, subsidy rates and caps, who is eligible, and how the application moves from the Department to the bank, with a worked Surat example.
Nov 2026 · 7 min readHisab kitab: rojmel, khatavahi and the books a small business must keep
What rojmel and khatavahi mean, who must keep books under section 62, section 128 and the GST Act, and how long the records stay with you.
Nov 2026 · 6 min readProject report for a bank loan: what the credit officer checks in each section
The sections of a project report, what the credit officer checks in each, and a Surat embroidery unit's numbers to show where files go wrong.
Oct 2026 · 6 min readThe net worth certificate: what a bank is really asking a CA to sign
How net worth is calculated for a proprietor or partner, what goes into the certificate, why the UDIN matters, and the mistakes that make a bank send it back.
Oct 2026 · 6 min readLoan sanction is not disbursement: the weeks in between, and what happens in them
Sanction and disbursement are two different events. The steps between them for an MSME term loan, how tranches work, and what delays the first release.
Oct 2026 · 6 min readStock statement and drawing power: why your ₹60 lakh limit may only allow ₹54 lakh
What a stock statement is, how the bank turns it into drawing power, and a worked example of why a ₹60 lakh limit allowed only ₹54 lakh.
Oct 2026 · 5 min readThe term-loan document checklist — what a Surat bank actually asks for, and why
The term-loan document checklist, grouped by the question each paper answers, with the period each one must cover.
Oct 2026 · 6 min readThe tax audit deadline moved to 21 October — but only for some, and the tax-payment date did not move with it
Tax audit report for AY 2026-27 now due 21 October 2026 and the ITR 21 November. Who is covered, who is not, and what to do about tax payment.
Oct 2026 · 5 min readCase study: one file, three audits — a fire, an insurance claim and a conversion in one year
A 10-page case study from the firm's practice: a fire, an insurance claim and a conversion into a company in one year, and how the depreciation schedule was rebuilt. Download the PDF.
Oct 2026 · PDF · 10 pagesMudra loan explained: four tiers, one rule that decides which you get
What the Mudra scheme (PMMY) offers, how the four tiers work, who can reach Tarun Plus (₹10–20 lakh), and what a Surat embroidery, trading or diamond unit should check before applying.
Oct 2026 · 6 min readThe 30 November cut-off that can quietly cost a Surat business its FY 2025-26 ITC
ITC on FY 2025-26 invoices expires on 30 November 2026 under Section 16(4) CGST — or earlier if you file GSTR-9 first. Here is the date ladder and what to reconcile now.
Oct 2026 · 6 min readMargin money: the part of your project the bank expects you to fund
What margin money (promoter contribution) is, how the bank arrives at your number, what counts towards it, and when it must be paid in — explained with a Surat embroidery-unit example.
Oct 2026 · 6 min readThe ₹2 lakh cash rule every Surat trader should know before Diwali
Section 269ST is now Section 186 — same ₹2 lakh cash-receipt limit, same 100% penalty, and festive-season sales are exactly where it gets crossed.
Sep 2026 · 7 min readWhat your credit bureau report tells a bank before it sanctions your loan
What a bank actually reads in your CIBIL / credit bureau report before it sanctions a loan — and how to check it yourself first.
Sep 2026 · 7 min readTDS on Diwali gifts and dealer incentives — Section 194R is now Section 393(1)
Diwali gifts, gold coins and dealer trips above ₹20,000 a year per recipient now trigger 10% TDS under Section 393 — the renumbered Section 194R — and it's the giver, not the receiver, who must deduct it before the gift is handed over.
Sep 2026 · 6 min readWhat banks actually check before financing a Surat diamond cutting & polishing unit
Diamond cutting and polishing units face a lending logic built around a problem no other Surat trade has as sharply — a bank cannot verify what your stock is actually worth. Here is what that means for your loan file.
Sep 2026 · 8 min readROC annual filing for FY 2025-26 — the late fee is the smallest number in this chain
AGM by 30 September, AOC-4 in 30 days, MGT-7 in 60. The late fee is the routine part — the real risk is Section 164(2) director disqualification after three years and Section 248 strike-off after two.
Sep 2026 · 6 min readPMEGP explained: the subsidy a first-time entrepreneur gets — and how it's actually paid
PMEGP gives a first-time entrepreneur 15–35% margin money on a new project — up to ₹50 lakh (manufacturing) or ₹20 lakh (service). Here's exactly who qualifies, how much, and how the subsidy is actually released.
Sep 2026 · 7 min readDIR-3 KYC is no longer an annual filing — most directors' next date is 2028, not this September
MCA has replaced the annual DIR-3 KYC with a once-in-three-years filing due 30 June. Most directors don't file again until 2028 — a few already missed a real deadline.
Sep 2026 · 6 min readHow to read your bank loan sanction letter — and the number it doesn't show you plainly
A sanction letter's headline interest rate isn't your real cost. Here's how to read every clause, and the RBI-mandated Key Facts Statement that shows the number that actually matters — your APR.
Sep 2026 · 8 min readSection 194Q didn't disappear — it became Section 393, and the ₹50-lakh threshold hasn't moved
TDS on purchase of goods survives the Income-tax Act, 2025 rewrite as Section 393(1) — same ₹50-lakh threshold, same 0.1% rate, but new PAN and disallowance sections worth checking before your next big purchase order.
Aug 2026 · 7 min readPMEGP explained: the government subsidy for starting a new manufacturing or service unit
PMEGP's margin-money subsidy for a brand-new manufacturing or service unit — who qualifies, how much you get, and how the money actually reaches you.
Aug 2026 · 7 min readThe 45-day MSME payment rule just changed its section number — not its bite
The MSME 45-day payment disallowance moves from Section 43B(h) to Section 37(2) this year — what stays the same, what the renumbering means for FY 2025-26 versus Tax Year 2026-27, and a worked Surat example.
Aug 2026 · 7 min readDSCR explained: the ratio that decides whether your term loan actually gets sanctioned
DSCR is the ratio a bank reads before anything else in a term-loan file. The exact formula, what counts as healthy, and a worked Surat example.
Aug 2026 · 6 min readOne financial year, two GST rate books — this year's GSTR-9 has to add up both
FY 2025-26's GSTR-9 is the first annual return spanning two GST rate structures — due date, turnover limits, and how to reconcile it before 31 December 2026.
Aug 2026 · 6 min readWhat banks actually check before financing a Surat powerloom or weaving unit
Banks apply a sector-specific lens to powerloom and weaving loan files, distinct from generic MSME underwriting — here is what that lens actually checks, and why files from this sector get stuck.
Aug 2026 · 8 min readMiss the 15 September advance-tax date and it's Section 425 now, not 234C
Advance tax's 45% instalment is due 15 September 2026 — the schedule is unchanged, but the section numbers behind it are new this year.
Aug 2026 · 7 min readCMA data explained: what it is, and why your bank asks for it every year
CMA data is a six-form package that decides how much working capital you can borrow — and which formula the bank uses depends on your loan size.
Aug 2026 · 6 min readYour GST credit isn't automatic anymore — it depends on a button you may never have clicked
Your ITC now depends on Accept, Reject or Pending in the Invoice Management System — not on your own purchase register.
Aug 2026 · 6 min readTax audit under section 44AB — the real threshold, and the five-year trap
The tax-audit threshold is two numbers, not one — and it depends on how your customers pay. Here's the real limit, the 44AD five-year trap, and the 30 September deadline.
Aug 2026 · 6 min readCGTMSE explained: how Surat MSEs get a bank loan without collateral
CGTMSE lets banks lend MSEs up to ₹10 crore without collateral — here's exactly how much is covered, what it costs, and who actually qualifies.
Aug 2026 · 7 min readLate-paying buyers already pay for it — most MSMEs never collect. A new Bill wants to close that gap
A new Bill in Parliament wants to fix delayed MSME payments — but the existing law already has more teeth than most suppliers use.
Jul 2026 · 6 min readBill one party, ship to another? From 1 August, your e-way bill has to say so
From 1 August 2026, the e-way bill portal will not accept a Bill-To/Ship-To transaction without a Ship-To GSTIN — a change already deferred once from 15 June. A separate voluntary closure facility also goes live the same day. What to check before shipments start moving on the 1st.
Jul 2026 · 6 min readThe ₹12 lakh "tax-free" rule has a gap in it this year — and it's shaped like your capital gains
The section 87A rebate no longer applies to tax on capital gains or other special-rate income for AY 2026-27 — Finance Act 2025 closed the gap that courts had ruled open for the previous year. Here's what changed and what to check before filing.
Jul 2026 · 6 min readThe GST Appellate Tribunal took eight and a half years to open — you have until 31 July to use it
GSTAT's one-time backlog appeal deadline, already extended once, closes 31 July 2026. If your business has an old GST order that was never taken past the first appeal, this is likely the last chance to file.
Jul 2026 · 7 min readYour TDS return has a new form number — and a much shorter memory for mistakes
Form 24Q, 26Q, 27Q and 27EQ are now Forms 138, 140, 144 and 143 — the July 31 Q1 statement is the first filed entirely under the new numbers, with a much shorter window to fix mistakes.
Jul 2026 · 6 min readThe ITR deadline split in two this year — most people are still assuming one date
ITR-3 and ITR-4 filers without a tax audit now have until 31 August 2026 — a full month more than ITR-1 and ITR-2 filers. Here's what changed and who it applies to.
Jul 2026 · 5 min readWhy banks reject project reports — the real reasons
Most rejected loan files don't fail on profitability. They fail on the borrower, the guarantor and the paperwork.
Jul 2026 · 5 min read