The ASKN Journal

Practical insights on income tax, GST, audit, company law and international tax from the Chartered Accountants at ASKN & Co. LLP, Hyderabad.

INCOME TAX ↗

Received an Income Tax Assessment Order? What It Means and How an Appeal Works

Received an income tax assessment order with additions? Your options, stay of demand, penalty, and how an appeal before the CIT(A) and ITAT works.

November 2026
INTERNATIONAL TAX ↗

Setting Up a Global Capability Centre in Hyderabad: Tax and Compliance Checklist

Checklist for setting up a global capability centre (GCC) in Hyderabad: entity choice, FDI filings, transfer pricing, PE risk, GST on exports, payroll.

October 2026
INCOME TAX ↗

Section 148 Reassessment Notice: What to Do

Received a section 148A or 148 notice? How income tax reassessment works, the time limits, how to reply to the show cause notice and when to challenge it.

September 2026
INCOME TAX ↗

How to Reply to an Income Tax Notice under Section 143(2)

Received a scrutiny notice under section 143(2)? What it means, the time limits, how faceless assessment works and how to prepare a reply that holds up.

August 2026
AUDIT ↗

Tax Audit under Section 44AB: Who Needs It and the Due Dates

Who needs a tax audit under section 44AB: turnover limits for businesses and professionals, presumptive cases, Forms 3CA/3CB/3CD, due dates, penalty.

July 2026
NRI TAXATION ↗

NRI Selling Property in Hyderabad: TDS, Capital Gains and Lower Deduction Certificate

NRIs selling property in Hyderabad: buyer's TDS under section 195, capital gains tax, lower deduction certificate, exemptions and repatriation.

June 2026
INCOME TAX ↗

RSUs and ESOPs: Tax and Schedule FA Reporting for IT Employees in India

How foreign RSUs and ESOPs are taxed in India: perquisite at vesting, capital gains on sale, dividends, Form 67 tax credit and Schedule FA reporting.

May 2026
TAX STRATEGY ↗

The New Tax Regime: A Strategic Analysis for FY 2025-26

New vs old tax regime for FY 2025-26 — revised slabs, the ₹12 lakh rebate, which deductions survive, and when the old regime still saves tax.

April 2026
GST ↗

GST Compliance: Common Errors in ITC Claims

ITC errors that most often trigger GST notices: blocked credits, GSTR-2B mismatches, the 180-day payment rule and time limits — and how to avoid them.

March 2026
COMPANY LAW ↗

Annual Compliance Calendar for Private Companies

Month-by-month ROC compliance calendar for private limited companies in India: board meetings, AGM, AOC-4, MGT-7, DPT-3, MSME-1 and late fees.

February 2026
INTERNATIONAL TAX ↗

Transfer Pricing Documentation: Best Practices

What Indian transfer pricing documentation must contain, the Form 3CEB due date, choosing a method, benchmarking, and penalties for getting it wrong.

January 2026
INCOME TAX ↗

The Income-tax Act, 2025: What Changes for Taxpayers

The Income-tax Act, 2025 replaces the 1961 Act from 1 April 2026. What changes — tax year, new section numbers, simpler drafting — and what stays the same.

December 2025
GST ↗

GST Show Cause Notice under Section 73, 74 or 74A: How to Reply

GST show cause notice under section 73, 74 or 74A? Time limits, penalties, how to draft the DRC-06 reply, personal hearing and appeal options.

November 2025
COMPANY LAW ↗

Post-Incorporation Compliance Checklist for New Private Companies

What a new private limited company must do after incorporation: first board meeting, first auditor, share certificates, INC-20A and key registrations.

October 2025
COMPANY LAW ↗

Private Limited Company Registration in Hyderabad: Process, Documents and Timeline

How to register a private limited company in Hyderabad: SPICe+ steps, documents for directors and the office, costs, and how long incorporation takes.

September 2025
COMPANY LAW ↗

Company Incorporation in India: Dos and Don'ts for Founders

Founder's guide to incorporating a private limited company in India: name, directors, capital, office address, INC-20A and the costly mistakes to avoid.

August 2025
COMPANY LAW ↗

Private Limited Company or LLP: Which Suits Your Business?

Pvt Ltd vs LLP in India compared: tax, compliance cost, audit, funding, ESOPs and FDI — which structure suits your business, explained by CAs.

July 2025
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