Plain-language notes on the rules that matter.

PMEGP explained: the subsidy a first-time entrepreneur gets — and how it's actually paid

PMEGP gives a first-time entrepreneur 15–35% margin money on a new project — up to ₹50 lakh (manufacturing) or ₹20 lakh (service). Here's exactly who qualifies, how much, and how the subsidy is actually released.

Sep 2026 · 7 min read

Accounting

DIR-3 KYC is no longer an annual filing — most directors' next date is 2028, not this September

MCA has replaced the annual DIR-3 KYC with a once-in-three-years filing due 30 June. Most directors don't file again until 2028 — a few already missed a real deadline.

Sep 2026 · 6 min read

How to read your bank loan sanction letter — and the number it doesn't show you plainly

A sanction letter's headline interest rate isn't your real cost. Here's how to read every clause, and the RBI-mandated Key Facts Statement that shows the number that actually matters — your APR.

Sep 2026 · 8 min read

TDS

Section 194Q didn't disappear — it became Section 393, and the ₹50-lakh threshold hasn't moved

TDS on purchase of goods survives the Income-tax Act, 2025 rewrite as Section 393(1) — same ₹50-lakh threshold, same 0.1% rate, but new PAN and disallowance sections worth checking before your next big purchase order.

PMEGP explained: the government subsidy for starting a new manufacturing or service unit

PMEGP's margin-money subsidy for a brand-new manufacturing or service unit — who qualifies, how much you get, and how the money actually reaches you.

The 45-day MSME payment rule just changed its section number — not its bite

The MSME 45-day payment disallowance moves from Section 43B(h) to Section 37(2) this year — what stays the same, what the renumbering means for FY 2025-26 versus Tax Year 2026-27, and a worked Surat example.

DSCR explained: the ratio that decides whether your term loan actually gets sanctioned

DSCR is the ratio a bank reads before anything else in a term-loan file. The exact formula, what counts as healthy, and a worked Surat example.

One financial year, two GST rate books — this year's GSTR-9 has to add up both

FY 2025-26's GSTR-9 is the first annual return spanning two GST rate structures — due date, turnover limits, and how to reconcile it before 31 December 2026.

What banks actually check before financing a Surat powerloom or weaving unit

Banks apply a sector-specific lens to powerloom and weaving loan files, distinct from generic MSME underwriting — here is what that lens actually checks, and why files from this sector get stuck.

Aug 2026 · 8 min read

Miss the 15 September advance-tax date and it's Section 425 now, not 234C

Advance tax's 45% instalment is due 15 September 2026 — the schedule is unchanged, but the section numbers behind it are new this year.

CMA data explained: what it is, and why your bank asks for it every year

CMA data is a six-form package that decides how much working capital you can borrow — and which formula the bank uses depends on your loan size.

Your GST credit isn't automatic anymore — it depends on a button you may never have clicked

Your ITC now depends on Accept, Reject or Pending in the Invoice Management System — not on your own purchase register.

Audit

Tax audit under section 44AB — the real threshold, and the five-year trap

The tax-audit threshold is two numbers, not one — and it depends on how your customers pay. Here's the real limit, the 44AD five-year trap, and the 30 September deadline.

CGTMSE explained: how Surat MSEs get a bank loan without collateral

CGTMSE lets banks lend MSEs up to ₹10 crore without collateral — here's exactly how much is covered, what it costs, and who actually qualifies.

Late-paying buyers already pay for it — most MSMEs never collect. A new Bill wants to close that gap

A new Bill in Parliament wants to fix delayed MSME payments — but the existing law already has more teeth than most suppliers use.

Bill one party, ship to another? From 1 August, your e-way bill has to say so

From 1 August 2026, the e-way bill portal will not accept a Bill-To/Ship-To transaction without a Ship-To GSTIN — a change already deferred once from 15 June. A separate voluntary closure facility also goes live the same day. What to check before shipments start moving on the 1st.

The ₹12 lakh "tax-free" rule has a gap in it this year — and it's shaped like your capital gains

The section 87A rebate no longer applies to tax on capital gains or other special-rate income for AY 2026-27 — Finance Act 2025 closed the gap that courts had ruled open for the previous year. Here's what changed and what to check before filing.

The GST Appellate Tribunal took eight and a half years to open — you have until 31 July to use it

GSTAT's one-time backlog appeal deadline, already extended once, closes 31 July 2026. If your business has an old GST order that was never taken past the first appeal, this is likely the last chance to file.

Jul 2026 · 7 min read

TDS

Your TDS return has a new form number — and a much shorter memory for mistakes

Form 24Q, 26Q, 27Q and 27EQ are now Forms 138, 140, 144 and 143 — the July 31 Q1 statement is the first filed entirely under the new numbers, with a much shorter window to fix mistakes.

The ITR deadline split in two this year — most people are still assuming one date

ITR-3 and ITR-4 filers without a tax audit now have until 31 August 2026 — a full month more than ITR-1 and ITR-2 filers. Here's what changed and who it applies to.

Jul 2026 · 5 min read