Our Services
Ushma & Associates
Recent Blogs
Ushma & Associates
GST Compliance Calendar 2026–27: Complete Guide to Due Dates & Filing Requirements
GST compliance is a continuous responsibility for businesses, and missing deadlines can result in interest, penalties, and late fees. With multiple returns, forms, and timelines involved, it becomes essential to stay organized and proactive. The GST Compliance Calendar for FY 2026–27 is designed to help businesses track key due dates, plan tax...
The New Era of NRI Repatriation: Form 145 & Form 146 Replace Form 15CA/15CB
The Income Tax Department has introduced a revamped compliance framework for foreign remittances by replacing Form 15CA and Form 15CB with Form 145 and Form 146. This change is not merely a renaming exercise—it reflects a shift towards a more digital, structured, and traceable system for monitoring outward remittances by Non-Resident Indians...
Stuck on Income Tax Portal? How a Digital Signature (DSC) Can Simplify Everything
In today’s digital tax environment, the Income Tax Portal is designed to make compliance easier. However, for many taxpayers—both residents and NRIs—the reality can be quite different. From login failures to verification issues, even simple tasks like filing returns or accessing your account can turn into a frustrating experience....
TDS on Rent Paid to NRI: Step-by-Step Compliance Guide for Tenants & NRIs
Renting a property from a non-resident landlord involves a different set of compliance requirements under Indian tax law. This guide outlines the complete process for tenants as well as NRIs, ensuring full compliance with TDS provisions and avoiding penalties. GST Applicability on Rent GST does not apply to rent paid for residential use. Even if...
ROC Annual Compliance Calendar for Private Limited Companies
Every private limited company registered in India must comply with annual filing requirements under the Companies Act, 2013 and the rules prescribed by the Ministry of Corporate Affairs (MCA). These filings help maintain legal status, ensure transparency, and avoid penalties or disqualification of directors. Below is a structured explanation of the...
Reverse Charge Mechanism (RCM) under GST – Complete Guide
The Reverse Charge Mechanism (RCM) under GST is a special tax provision where the recipient of goods or services becomes responsible for paying GST instead of the supplier. Under the normal GST system, the supplier collects tax from the buyer and deposits it with the government. However, in certain specified situations defined under GST law,...
Residential Status under Indian Income Tax Act: Complete Guide for NRIs & Returning Indians
Understanding residential status under the Indian Income Tax Act is critical for NRIs, foreign employees, and Indians planning to return to India. Residential status determines whether India can tax only Indian income or global income, and even a small change in the number of days spent in India can have major tax implications. This guide...
Repatriation of Funds from India: Key Rules and Required Documentation
Repatriation refers to sending money from an Indian bank account to an overseas account. For NRIs, OCIs, and foreign nationals, this process is regulated by the Foreign Exchange Management Act (FEMA) and executed through authorized dealer (AD) banks. Understanding the regulations, limits, and paperwork involved helps ensure that outward remittances...
NRO to NRE Transfer: Rules, Process, Taxation, and Key Considerations for NRIs
Non-Resident Indians (NRIs) are permitted to transfer funds from their Non-Resident Ordinary (NRO) account to their Non-Resident External (NRE) account, subject to specific conditions laid down by the Reserve Bank of India (RBI). Such transfers enable NRIs to move eligible Indian income into a fully repatriable and tax-efficient account after...

