SMARTAITAX KNOWLEDGE BASE

September 4, 2026 Articles

In-depth tax guides, regulatory compliance breakdowns, and strategic financial advice curated by SmartAITax professionals.

Maximising Input Tax Credit (ITC) Under GST: A Complete Guide to Claiming, Matching, and Compliance

Input Tax Credit is the lifeblood of GST compliance — but with the new IMS system, hard-block rules, and 30-day reporting windows, claiming ITC has become more complex. This guide shows you how to maximise legitimate ITC claims while staying fully compliant. Updated with 57th GST Council recommendations (Oct 2026).

Statutory Audit Checklist for FY 2026-27: A Comprehensive Guide for Auditors and Businesses

A well-executed statutory audit is the cornerstone of corporate governance. This comprehensive checklist covers everything from pre-audit planning and documentation to CARO 2020 reporting requirements and post-audit follow-ups for FY 2026-27.

Taxation of Virtual Digital Assets (Crypto, NFTs) Under the New Income Tax Act 2025

The new Income Tax Act 2025 brings clearer definitions and stricter enforcement for crypto and NFT taxation. With a flat 30% tax rate, no loss set-off, and 1% TDS under Section 393 — here’s everything crypto investors in India need to know to stay compliant. FAST-DS applies only to foreign crypto assets held abroad by individuals.

Small Company Definition Revised: What ₹10 Crore Capital & ₹100 Crore Turnover Means for Your Business

The MCA’s December 2025 amendment dramatically expanded who qualifies as a “Small Company” — with paid-up capital limit raised to ₹10 crore and turnover to ₹100 crore. This opens the door to simplified compliance for thousands of businesses. Here’s your complete guide.

10 Smart Tax Planning Strategies for FY 2026-27 Under the New Income Tax Act

The new Income Tax Act changes the game for tax planning. From the enhanced Section 156 (87A) rebate to the revised allowance limits, here are 10 actionable strategies to legally minimise your tax liability in FY 2026-27.
EXPERT CONSULTATION

Simplify Your Taxes & Corporate Filings

Get tailored solutions for GST, corporate governance, and tax planning from seasoned professionals.

RECOMMENDED READS

Related Insights