Tax and accounting guides

Short, plain-language answers to the tax and accounting questions small business owners ask most. Each guide starts with the direct answer, then explains the details.

GST return due dates for small businessesPlain-language guide to GST return due dates in India: GSTR-1, GSTR-3B, QRMP, CMP-08 and GSTR-9, plus what happens if you file late.
Old vs new tax regime: how to chooseHow to decide between the old and new income-tax regime in India. A simple method with a worked checklist. Check current slabs before you decide.
Section 44AD presumptive taxation explainedWhat is Section 44AD? Eligibility, turnover limits, deemed profit rates (6% / 8%), books and audit rules, with a simple example. Verify current limits.
How to do bookkeeping for a small businessA practical step-by-step bookkeeping guide for small business owners: separate accounts, record every transaction, reconcile monthly, and automate with AI.
Advance tax due dates and who must payAdvance tax instalment dates, who needs to pay, and how interest works. A plain guide for freelancers, traders and small businesses in India.

Last reviewed: 2026-11-08. FINOVAQ prepares computed drafts and guidance. It is not a CA, CPA or law firm. Tax rules change every year, so check the current rule or ask a qualified professional before you file.