Tax Garden

29/09/2026

🚨 Big Tax Update | AY 2026-27

The deadlines for applicable tax audit cases have been extended:

📌 Tax Audit Report: 21 October 2026
📌 ITR Filing: 21 November 2026

Use the additional time to reconcile your accounts, verify your tax information and complete your filing correctly.

🌱 Tax Garden helps businesses and professionals simplify tax and compliance.

25/09/2026

🚛 Income Tax for Truck Drivers & Goods Transport Operators

Running a truck or small transport business comes with its own tax and compliance rules.

Our latest guide explains:

• Section 44AE presumptive taxation
• TDS under Section 194C
• PAN declaration for eligible transporters
• GST considerations
• ITR-3 vs ITR-4
• Common compliance mistakes

Tax Garden helps businesses understand tax and compliance in simple language.

24/09/2026

Medical shop owners: three tax points people miss
If you run a medical shop, three things about your tax are worth checking this year.

Expired medicine stock is a genuine business loss. Keep a register with batch number, expiry date, MRP and quantity, and get a destruction certificate from the local drug inspector. This works only if you keep full books. Under presumptive taxation (Section 44AD) you can't claim it separately.
A pharmacy is business income, not professional income, so Section 44AD is available to you. Most owners with income under Rs 50 lakh file ITR-4. If you keep full books and claim actual expenses, it's ITR-3.
Since the GST changes of 22 September 2025, most medicines under HSN 3003 and 3004 are taxed at 5% instead of the old 12%. Check that your billing software has the new rate mapped, especially on older items.
We wrote the full breakdown here: [income tax guide for pharmacists and medical shop owners](https://taxgarden.in/blog/income-tax-for-pharmacists-medical-shop-owners-india-ay-2026-27). What tax question comes up most at your counter?

22/09/2026

🚨 8 DAYS TO GO | TAX AUDIT DEADLINE

The September 30, 2026 tax audit deadline is approaching.

Three professional associations have requested an extension to October 31, but no CBDT extension has been announced yet.

Don't pause your audit work.

📌 Reconcile your GST data with your books
📌 Complete pending audit work
📌 Confirm CA portal access
📌 Check your DSC

Be ready by September 30.

📞 98494 08801
🌐 www.taxgarden.in

22/09/2026

UPI is changing on October 15, 2026 , and almost everyone is misreading what changes.

Here is the actual breakdown:

FREE for you (personal transfers): Person-to-person UPI transfers (sending money to family or friends) stay free. At any amount. Forever. This does not change.

FREE for small businesses: Merchants receiving less than Rs 1 lakh/month via UPI QR codes pay zero MDR. Most kirana stores, local shops, auto-wallahs, small vendors , nothing changes.

Special rates for certain sectors: Railways, fuel, agriculture inputs, telecom, insurance , flat Rs 5 per transaction above Rs 2,000. Not 0.4%.

Who actually pays: Large merchants with high UPI volumes (above Rs 1L/month) and individual transactions above Rs 2,000 pay 0.4% MDR, capped at Rs 300 per transaction. This fee goes to banks and payment apps , not the government , to fund UPI infrastructure.

Important: Merchants CANNOT charge you extra for paying by UPI. The government guidelines explicitly prohibit passing MDR on to customers.

For GST-registered business owners: The MDR fee has 18% GST on it. If your GSTIN is registered with your bank, you can claim that GST as input tax credit. Register your GSTIN with your bank before October 15 to ensure the first month's MDR GST shows up in your GSTR-2B.

Full breakdown with rupee examples and ITC recovery steps:

From October 15, 2026, a 0.4% MDR applies to some UPI merchant payments above Rs 2,000. Who pays, the Rs 300 cap, 18% GST on MDR, ITC, and worked examples.

18/09/2026

Tax season looks a little different when you’re handling everything yourself. 😭📚

From accounting and bookkeeping to tax filing and business compliance, Tax Garden helps businesses stay on top of the numbers and paperwork.

Our Services:

✅ Accounting & Bookkeeping
✅ GST Registration & Filing
✅ Income Tax & ITR Filing
✅ TDS & Payroll Compliance
✅ Company Registration
✅ ROC & MCA Compliance
✅ Tax Planning & Advisory

You focus on growing your business.

We’ll help take care of the compliance.
📞 Call : +91 98494 08801
🌐 https://taxgarden.in

18/09/2026

Filing your income tax return? Three documents are controlling your TDS credit and most people are confused about how they relate.

Form 16: your employer gives you this once a year (by June 15). It covers salary TDS under Section 192.

Form 16A: banks, clients, and tenants give you this every quarter. It covers TDS on FD interest, consulting fees, rent, and other non-salary payments.

Form 26AS: the Income Tax Department's own record of every tax credit against your PAN. Built from TDS returns filed by all your deductors.

The critical part: your ITR gets TDS credit based on Form 26AS, not based on your certificates. If your bank deducted TDS but filed the return incorrectly (wrong PAN, wrong amount), it will not show in Form 26AS and you will not get the credit.

Before filing your return, download Form 26AS from incometax.gov.in and match every entry against your Form 16 and Form 16A. Any mismatch means the deductor needs to file a correction.

Note for FY 2026-27 onwards: Form 16 is being renamed Form 130, Form 16A becomes Form 131, and Form 26AS becomes Form 168 under the Income Tax Rules 2026.

Full guide:

Form 16 vs Form 16A vs Form 26AS: who issues each, how to match Form 16 with 26AS, what booking status U, P, F, O means, and who fixes a TDS mismatch.

17/09/2026

Running a proprietorship business in India? Here's your GST return filing roadmap for 2026.

GST compliance for proprietorships can be confusing because there's no "proprietorship" category in the GST system, you file as an individual with a GSTIN.

Monthly/Quarterly return schedule:

Turnover > Rs 5 crore/year: GSTR-1 monthly (by 11th), GSTR-3B monthly (by 20th)
Turnover < Rs 5 crore: QRMP scheme. GSTR-1 quarterly, but pay tax monthly via PMT-06 by the 25th.
The ITC matching problem: Your GSTR-2B shows ITC from vendors who filed their GSTR-1. If your vendor files late, their invoice won't appear, and if you claim ITC for it anyway, you're claiming excess, which triggers a notice.

Best practice: reconcile GSTR-2B vs purchase register BEFORE filing GSTR-3B each month.

Common mistakes:

Not separating business and personal bank accounts
Claiming ITC on purchases made via personal account
Missing GSTR-9 annual return (due December 31)
Full guide:

GST return filing for a proprietorship in 2026: GSTR-1 and GSTR-3B steps, due dates, QRMP, nil returns, documents, late fees and TDS rules explained.

16/09/2026

Udyam Registration is now mandatory if you want these tax benefits.

New MSME classification limits from April 2025:

Micro
Investment ≤ Rs 2.5 crore AND Turnover ≤ Rs 10 crore
Small
Investment ≤ Rs 25 crore AND Turnover ≤ Rs 100 crore
Medium
Investment ≤ Rs 125 crore AND Turnover ≤ Rs 500 crore
If you were previously registered under Udyog Aadhaar or the old UAM system, those registrations have been migrated. But you need to verify your Udyam certificate shows the updated limits.

Why bother with registration?

Section 43B(h): Buyers must pay MSME suppliers within 45 days (15 days if no written agreement). Late payment means buyer loses the deduction. This forces larger clients to prioritize your invoices.
Priority sector lending: Banks must meet MSME lending targets. Udyam-registered businesses get faster loan approvals and lower interest rates (often 1-2% below standard commercial rates).
Government tender preference: GeM portal gives procurement preference to MSMEs. Many tenders are MSME-only.
Credit Guarantee Fund Trust (CGTMSE): Collateral-free loans up to Rs 5 crore for manufacturing MSMEs.
How to register:

Go to udyam.gov.in. You need Aadhaar (proprietor, all partners, or authorized signatory for company). PAN and GST number. No fee. No document upload needed, data is pulled from government databases.

Processing time: Instant (for most cases). Certificate arrives on registered email.

Full Udyam registration guide:

Step-by-step Udyam registration guide for Indian businesses. Covers new MSME classification from April 2025 (Micro Rs 2.5 cr/10 cr, Small Rs 25 cr/100 cr, Medium Rs 125 cr/500 cr), online process at udyam.gov.in, Section 43B(h) 45-day payment rule, priority sector lending, and documents needed.

15/09/2026

🚨 30 SEPTEMBER IS CLOSER THAN YOU THINK!

The Income Tax Audit deadline is approaching.

If your business or profession is subject to tax audit, make sure your Tax Audit Report is filed on time.

📅 Deadline: 30 September 2026

Check your applicability early and avoid:
• Penalties
• Interest/compliance issues
• Last-minute filing pressure

Not sure whether tax audit applies to your business? Tax Garden can help you understand your compliance requirements.

📞 98494 08801
🌐 www.taxgarden.in