Imagine walking down the street and dropping a ā¹500 note. You would probably stop, look around, and try to find it, right? Now, imagine doing that every single month. For many businesses in India, unclaimed Input Tax Credit (ITC) is precisely thatāmoney dropped on the floor that is never picked up. At CA Pavan Kumar
Ā Input Tax Credit (ITC): Are You Leaving Money on the Table? Read More Ā»
UncategorizedEvery business owner knows what GST stands for, but very few can accurately explain what GST is. Since the introduction of the Goods and Services Tax in 2017, the business world has changed once again. For small and medium owners across the country, the GST still feels like a jumble of compliance, rates, and portals.
GST Explained: What Small Business Owners Should Know Read More Ā»
UncategorizedYou have worked hard your entire life. You have contributed to the nationās growth. Now, in your golden years, the last thing you want to worry about is complex tax software, OTPs, and changing passwords. At CA Pavan Kumar & Co., we understand that for many Senior Citizens (60+) and Super Senior Citizens (80+), the
The Senior Citizenās Guide to Hassle-Free Tax Returns in 2026 Read More Ā»
Uncategorized“Can I just show fake rent receipts?” “Can I deposit this cash in my wife’s account so I don’t have to report it?” “Can I buy a bill to increase my business expenses?” In our 40 years of practice at CA Pavan Kumar & Co., we have heard these questions many times. And we understand
Tax Planning vs. Tax Evasion: Drawing the Line to Stay Safe Read More Ā»
UncategorizedWhen do you visit a doctor? Ideally, you go for a regular checkup to make sure everything is okay. But realistically, most of us wait until we are in pain before booking an appointment. Unfortunately, many people treat their Chartered Accountant the same way. They only call when: At CA Pavan Kumar & Co., after
Why Your Chartered Accountant is Your Financial Doctor (And When to Visit Them) Read More Ā»
UncategorizedSelling a property is a milestone event. Maybe you sold an ancestral plot in Mysore, or perhaps you “cashed out” on an apartment in Whitefield that appreciated over 10 years. The money hits your bank account, and you feel great. But then, the question hits you: How much of this belongs to the Income Tax
Capital Gains Explained: Selling Property? Here’s How to Keep Your Profits Intact Read More Ā»
UncategorizedYou donāt have a 9-to-5. You donāt have a boss. And you certainly donāt have a Form 16 handed to you at the end of the year. Welcome to the world of freelancing! Whether you are a graphic designer, a software consultant, a content creator, or a yoga instructor, you are your own CEO. But
Freelancers & Gig Workers: How to Manage Taxes When Your Income Fluctuates Read More Ā»
UncategorizedIt happens every year. Your HR department sends an email with the subject line: “Declaration of Investment Proofs / Choice of Tax Regime.” And just like that, the confusion begins. You ask your colleagues, and half of them say, “Stick to the Old Regime, the deductions are better!” The other half says, “No, switch to
Old Regime vs. New Regime: A Simple Guide to Choosing What’s Best for Your Family Read More Ā»
UncategorizedYour phone buzzes. You check your email. There it isāan email from the Income Tax Department with the subject line “Notice under Section…” Your stomach drops. Your mind races. Am I in trouble? Did I commit a crime? Is this an audit? First: Take a deep breath. Receiving a notice does not automatically mean you
Received an Income Tax Notice? Don’t PanicāRead This First Read More Ā»
UncategorizedWeāve all been there. The due date is approaching, life gets busy, and you think, “I’ll just file it next week. What’s the worst that can happen? A small penalty?” While itās true that late filing attracts a financial penalty (up to ā¹5,000), the real cost isn’t the money. The real cost is the opportunities
