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, freeWhat are the annual compliances for an LLP with ₹55 lakh turnover, and is an audit now compulsory?
In short
Yes, the audit applies from this year, and it changes your income-tax deadline too.
ERPCA Expert Desk · 3 Sep 2026
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Got a show-cause notice under section 148A for AY 2021-22 about cash deposits. Is it still within time, and how should I respond?
In short
Check the time limit first; it may decide the matter before you argue the merits.
ERPCA Expert Desk · 2 Sep 2026
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Our private limited company has received $150,000 from a Singapore investor for shares. What are the FEMA and company-law filings and deadlines?
In short
The money starts two clocks: shares must be allotted within 60 days of receipt, and the allotment must be reported to the RBI within 30 days after tha...
ERPCA Expert Desk · 31 Aug 2026
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Retired, 67, pension of ₹6 lakh and FD interest of ₹5 lakh. Which regime, do I pay advance tax, and can I stop the bank deducting TDS?
In short
Under the new regime you owe nothing, and you can stop the TDS with a Form 15H.
ERPCA Expert Desk · 27 Aug 2026
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Restaurant with ₹90 lakh turnover: composition scheme or regular GST, and how do Swiggy and Zomato orders work?
In short
Both routes cost you 5% with no input credit, so the choice is about paperwork, not tax.
ERPCA Expert Desk · 24 Aug 2026
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We are granting ESOPs to our first ten employees. How are they taxed, and what does the company need to do under company law?
In short
Employees are taxed twice, at exercise and at sale, and never at grant or vesting.
ERPCA Expert Desk · 23 Aug 2026
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Trading turnover of ₹1.6 crore with 95% digital receipts. Do I need a tax audit, or can I use presumptive taxation?
In short
No audit is required, and 44AD is available; whether you should use it depends on your real margin.
ERPCA Expert Desk · 20 Aug 2026
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We pay a freelance developer ₹40,000 a month. Is TDS under 194J or 194C, and does GST apply?
In short
The developer is right. Software development by an individual is a professional service, and section 194J applies.
ERPCA Expert Desk · 17 Aug 2026
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Moved back from the US in February 2026 after six years. What is my residential status for FY 2025-26 and 2026-27, and how are my 401(k) and RSUs taxed?
In short
FY 2025-26: non-resident. You were in India for under 182 days, and the alternative test (60 days in the year plus 365 in the preceding four) fails be...
ERPCA Expert Desk · 17 Aug 2026
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How do I convert my sole proprietorship into a private limited company and carry over GST, the bank loan and my customer contracts?
In short
Nothing moves automatically; the company is a new person in law, so each registration and contract is transferred in its own way. Done in the right se...
ERPCA Expert Desk · 14 Aug 2026
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Received a GST ASMT-10 scrutiny notice for FY 2023-24 on a GSTR-3B versus GSTR-1 mismatch. How should we reply?
In short
ASMT-10 is a scrutiny under section 61, not a demand. A clear, document-backed reply in Form ASMT-11 within the 30 days usually closes it.
ERPCA Expert Desk · 11 Aug 2026
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I missed the 31 July deadline for filing my return. What are my options now and what does it cost?
In short
You can still file a belated return under section 139(4) up to 31 December 2026, and the damage at your income level is modest.
ERPCA Expert Desk · 7 Aug 2026
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