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“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 […]

When 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

Selling 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

You don’t have a 9-to-5. You don’t have a boss. And you certainly don’t 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

It 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

Your phone buzzes. You check your email. There it is—an 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

We’ve 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 it’s true that late filing attracts a financial penalty (up to ₹5,000), the real cost isn’t the money. The real cost is the opportunities

If you are a salaried employee in India, you probably know Section 80C by heart. It’s the first thing everyone talks about. You buy your life insurance, invest in PPF, show your children’s tuition fees, and—snap—you hit the ₹1.5 Lakh limit. But then you look at your taxable income, and it still looks high. You

Does the mention of “Income Tax” make your heart race a little? You aren’t alone. For many of us, tax season brings a cloud of worry. Did I miss a document? Which tax regime is better for me this year? What if I get a notice? At CA Pavan Kumar & Co., we’ve been helping