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14/08/2026

🇮🇳 INDEPENDENCE DAY SPECIAL OFFER 🇮🇳

On the occasion of Independence Day,
Fagare Associates – Chartered Tax Practitioners is pleased to offer FREE TAX & COMPLIANCE SERVICES for a limited period.

🎯 Free Consultation & Guidance
✅ Income Tax & ITR Guidance
✅ GST Compliance Guidance
✅ Basic Tax Planning Consultation
✅ Tax & Compliance Queries

🇮🇳 Let’s celebrate freedom with financial awareness and compliance!

💼Fagare Associates
📊Chartered Tax Practitioners
📞 8095771937

Jai Hind! 🇮🇳

13/08/2026

⚠️ Tax Audit Alert | Clause 22 of Form 3CD

For FY 2025–26, MSME payment compliance under Section 43B(h) requires transaction-level attention—not merely checking the closing outstanding balance.

📌 Auditors & businesses should review MSME status, payment dates, credit terms and Section 15 timelines now to identify potential disallowances before finalising the tax audit.
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💼Fagare Associates
📊Chartered Tax Practitioners
📞8095771937

11/08/2026

Fagare Associates™
💼Chartered Tax Practitioners
📞8095771937

04/08/2026

29/07/2026

26/07/2026

📘 Debit & Credit Rules – In Short

Every accounting transaction affects at least two accounts and follows the double-entry system.

Golden Rule:
✅ Total Debit = Total Credit

Debit & Credit Rules

* Assets → Increase Debit, Decrease Credit
* Expenses → Increase Debit, Decrease Credit
* Liabilities → Increase Credit, Decrease Debit
* Capital → Increase Credit, Decrease Debit
* Income/Revenue → Increase Credit, Decrease Debit

Easy Trick to Remember

* Debit: Assets + Expenses
* Credit: Liabilities + Capital + Income

Key Takeaway:
Every journal entry must have equal debit and credit amounts to keep the accounts balanced.

💼Fagare Associates
📊Chartered Tax Practitioners
📞8095771837