LEGAL BUCKS

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08/09/2026

Making large foreign payments isn’t just about transferring money — taxability, TDS, Form 15CA/15CB, DTAA and proper documentation all matter. 🌍💸

⚠️ A common mistake is treating Form 15CB as just paperwork. It involves professional verification of the nature of the payment, applicable TDS, taxability and DTAA provisions.

📌 Before making your next foreign remittance, make sure your compliance is in order.

Don’t wait for a tax notice to discover a reporting mistake.

📞 +91 94963 64561
🌐 www.legalbucks.in

Legal Bucks — Doing It the Right Way.
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08/09/2026

🚨 FOREIGN REMITTANCE? THE INCOME TAX DEPARTMENT IS WATCHING.

Making large foreign payments isn’t just about transferring money — taxability, TDS, Form 15CA/15CB, DTAA and proper documentation all matter. 🌍💸

⚠️ A common mistake is treating Form 15CB as just paperwork. It involves professional verification of the nature of the payment, applicable TDS, taxability and DTAA provisions.

📌 Before making your next foreign remittance, make sure your compliance is in order.

Don’t wait for a tax notice to discover a reporting mistake.

📞 +91 94963 64561
🌐 www.legalbucks.in

Legal Bucks — Doing It the Right Way.

07/09/2026

🎁 BUY 1 GET 1 FREE… BUT IS IT REALLY “FREE” UNDER GST? 👀

A simple marketing offer can create a surprisingly complicated GST compliance issue.

Under GST, a genuine BOGO (Buy One Get One) offer is generally not treated as a separate free supply when the price of both units is already built into the consideration.

⚠️ But beware of a common mistake:
Issuing a GST Credit Note for the “free” item and re-invoicing it at ₹1 can create serious compliance and valuation issues.

✅ The safer approach?
Use a Financial/Commercial Credit Note (FCN) where applicable — without charging GST and without disturbing the original tax invoice.

📌 BOGO ≠ Free Supply
📌 Don’t create artificial ₹1 invoices
📌 Choose the correct credit-note mechanism
📌 Stay compliant with GST valuation & invoicing rules

If your business runs Buy 1 Get 1, combo offers, discounts or promotional schemes, getting the GST treatment right matters.

📞 Need help with GST compliance?

📲 +91 94963 64561
🌐 www.legalbucks.in

LEGAL BUCKS — Doing It the Right Way.

07/09/2026

🚨 Tax Audit? Don’t Miss This Disclosure!

Share buybacks or sales can trigger an important disclosure requirement in Form 3CB-3CD.

But what exactly needs to be reported under Clause 36B? And what records should you keep ready? 👀

👉 Watch the video to understand what you need to know before filing your Tax Audit Report.

Need help with Tax Audit & compliance?

📞+91 94963 64561
🌐 www.legalbucks.in

LEGAL BUCKS — Doing It the Right Way.

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03/09/2026

🚨 Buying from an MSME Supplier? This Can Affect Your Tax Deduction!

If your business purchases goods or services from a Micro or Small Enterprise, the payment timeline can have a direct impact on the deductibility of the expense under Section 43B(h). 📊

⚠️ Delaying payment beyond the prescribed period can mean the expense may not be allowed as a deduction in the relevant year.

Before closing your books or filing your ITR, make sure you:

✔️ Identify your MSME suppliers
✔️ Check their MSME/Udyam status
✔️ Verify payment due dates
✔️ Review outstanding balances
✔️ Apply the correct tax treatment

💡 MSME dues aren't just an accounting issue — they can become a tax issue too.

📞 +91 94963 64561
🌐 www.legalbucks.in

LEGAL BUCKS — Doing It the Right Way.

03/09/2026

🚨 Buying from an MSME Supplier? This Can Affect Your Tax Deduction!

If your business purchases goods or services from a Micro or Small Enterprise, the payment timeline can have a direct impact on the deductibility of the expense under Section 43B(h). 📊

⚠️ Delaying payment beyond the prescribed period can mean the expense may not be allowed as a deduction in the relevant year.

Before closing your books or filing your ITR, make sure you:

✔️ Identify your MSME suppliers
✔️ Check their MSME/Udyam status
✔️ Verify payment due dates
✔️ Review outstanding balances
✔️ Apply the correct tax treatment

💡 MSME dues aren't just an accounting issue — they can become a tax issue too.

📞 +91 94963 64561
🌐 www.legalbucks.in

LEGAL BUCKS — Doing It the Right Way.

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02/09/2026

🚨 ITR Filed? Don’t Let a 3CB-3CD Mismatch Trigger a Defective Notice!

Your ITR and Tax Audit Report (Form 3CB-3CD) need to tell the same story. 📋

Even a small difference in reported figures—such as cash payments, TDS-related disallowances under Section 40(a)(ia), or other disallowances—can trigger system-based discrepancies. ⚠️

💡 Before you submit your ITR: ✔️ Match every relevant figure with Form 3CB-3CD
✔️ Ensure corrected audit-report figures are reflected in the ITR
✔️ Recheck all disallowances and disclosures
✔️ Submit only after both reports are fully aligned

One mismatch can mean unnecessary notices, delays & tax complications.

👉 Get your filings checked before you file.

📞 +91 94963 64561
🌐 www.legalbucks.in
📲 .india

LEGAL BUCKS — Doing It the Right Way.

02/09/2026

🚨 Can AGMs Go Fully Online? 💻🏢

What if your company’s Annual General Meeting (AGM) could be conducted completely online? 👀

The Corporate Law Amendment Bill 2026 proposes changes that could reshape how companies conduct AGMs — bringing greater flexibility, digital participation and a more tech-enabled approach to corporate governance.

But what exactly is changing?
And what could this mean for companies, shareholders and compliance professionals?

📌 Part 5 of our Corporate Law Amendment Bill 2026 series — Explained Simply.

🎯 Save this post for your corporate law updates & share it with your CA/CS/CMA friends!

📲 Need help with corporate compliance?
Legal Bucks — Doing It the Right Way.
📞 +91 94963 64561
🌐 www.legalbucks.in

01/09/2026

🚨 Got an ITR Defective Notice after filing your return?

A small mismatch between your ITR and Tax Audit Report can create a big compliance issue. 📉

Expenses such as penalties, fines and other non-allowable business charges need to be correctly reported and aligned with the disclosures in Form 3CB-3CD, especially Clause 24.

Before you hit Submit, make sure your Audit Report and ITR match correctly to avoid unnecessary tax differences, interest or defective notices. ⚠️

💼 File accurately. Stay compliant. Avoid notices.

📞 +91 94963 64561
🌐 www.legalbucks.in⁠

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