GST updates, accounting tips, automation guides — written by our team for real businesses.
Learn the 3 golden rules of accounting for personal, real and nominal accounts — with simple Indian examples, ₹ journal entries and a handy comparison table.
A practical daily, weekly and monthly bookkeeping routine for Indian small businesses — what to record, which registers to keep, and GST-ready habits.
Debit note vs credit note explained for Indian businesses — who issues which, journal entries with ₹ examples, and how each is reported under GST in GSTR-1.
Prepare a bank reconciliation statement step by step — why book and bank balances differ, a full ₹ worked example, and a monthly BRS checklist for Indian firms.
SLM vs WDV depreciation with ₹ examples, plus how Companies Act useful-life rules differ from Income-tax Act block-of-assets rules — and where to find the rates.
Set up a petty cash book with the imprest system — float sizing, analytical columns, vouchers, a worked ₹ example and month-end entries for Indian businesses.
Confused about GST registration limits? Understand the turnover thresholds, aggregate turnover rules and cases where GST registration is compulsory in India.
GSTR-1 vs GSTR-3B explained simply: what each return reports, how they feed each other, why mismatches trigger notices, and how to keep both in sync.
How GST late fees and interest are computed in India — per-day late fee on GSTR-1 and GSTR-3B, 18% interest on unpaid tax, worked ₹ examples and ways to avoid them.
Composition scheme vs regular GST scheme compared — tax rates, ITC, invoicing, returns and worked ₹ examples to help Indian small businesses pick the right one.
Reverse charge mechanism in GST made simple with practical Indian examples — GTA freight, advocate fees, import of services — plus how to pay RCM and claim ITC.
Input tax credit claim rules in GST — the section 16 conditions, blocked credits under 17(5), the 180-day payment rule, and why GSTR-2B matching decides your ITC.
Confused between ITR-3, ITR-4, ITR-5 and ITR-6? A friendly guide for proprietors, freelancers, firms and companies on picking the right ITR form in India.
Section 44AD vs 44ADA compared for Indian businesses and professionals — who qualifies, presumptive profit rates, ₹ examples, and the 5-year opt-out trap.
Advance tax explained for Indian business owners — who must pay, how the quarterly instalment system works, and how interest under Sections 234B and 234C adds up.
Old vs new tax regime for Indian business owners and freelancers — the deductions trade-off, the once-in-a-lifetime switching rule for business filers, with ₹ examples.
TDS explained for Indian businesses: the deduct, deposit, file, certificate cycle, TAN registration, key sections like 192, 194C, 194J and 194I, with worked ₹ examples.
Buying or selling goods in bulk? Understand TDS under Section 194Q vs TCS under 206C(1H): who deducts, who collects, the overlap rule, and worked ₹ examples.
How employers compute TDS on salary under Section 192: annual estimation, old vs new regime declarations, monthly spreading, Form 16, and a worked ₹ example.
Filing TDS returns in India: which form to use (24Q vs 26Q), the quarterly cycle, what late filing costs, and how correction statements fix PAN and challan errors.
Key changes to GSTR-9 and GSTR-9C for the current financial year — what businesses must disclose differently.
Common bookkeeping mistakes seen in kirana stores, traders, and service businesses — and how to fix them.
When and how to reverse input tax credit for exempt supplies, personal use, and capital goods.
Our mobile app now processes OCR locally — no internet needed. Works in areas with poor connectivity.
A practical guide to Section 44AD — who qualifies, how to compute income at 6%/8%, and the catch.
Plain-language breakdown of the balance sheet — assets, liabilities, and what the numbers really mean.
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