The questions people ask us most, answered the way we would answer them across a desk. Each guide gives the short answer first, then the reasoning, and links to the official source it rests on.
Each guide shows the date it was last checked against its sources. The oldest was checked on .
Usually only once your turnover for the year goes above ₹40 lakh if you sell goods only, or ₹20 lakh if you sell services or both. A few situations require registration from the first rupee, and you have 30 days to apply after crossing.
Related: GST ComplianceChecked
Read the guide →Residential status is decided year by year from the days you spent in India, not from your passport or where you live. It decides whether India taxes only your Indian income or your income worldwide, and whether you must report foreign assets.
Related: Income Tax ComplianceChecked
Read the guide →Do not ignore it, and do not pay or reply until you have read what it asks. Check that it is on your e-filing portal, note the deadline printed on it, and work out which kind it is. Most are routine, but each kind has its own clock.
Related: Assessments & RepresentationChecked
Read the guide →You can usually still file. A late fee applies, interest runs on any tax unpaid, and some losses can no longer be carried forward. The route depends on the year you missed, so file as soon as you can rather than skipping it.
Related: Income Tax ComplianceChecked
Read the guide →Keep a complete set of books for the year, matched to your bank statements, GST returns and TDS records, plus the paper behind every large entry. Most delay in a tax audit comes from missing support, not from the law.
Related: Tax Audit SupportChecked
Read the guide →The compliance calendar, the NRI status calculator and the GST registration checker are free and need no sign-up.