Why Global Businesses Are Outsourcing Bookkeeping to India in 2026 Manthan Experts September 18, 2026 Blog, Bookkeeping & Accounting Introduction For about twenty years, the usual reason for using offshore teams for accounting work was simple: it cost less. Today, that answer is incomplete and sometimes entirely wrong. Cost still matters. Of course it does. But speak to a mid-sized CPA firm in Chicago or a rapidly growing e-commerce business in Manchester, and their first reason will not be “we wanted to save money.” It is closer to “we ran advertisements for a bookkeeper for four months and could not hire anyone suitable.” That transformation, from saving costs to finding capacity, is the real story of 2026. They can’t hire at home. The Wall Street Journal reported that more than 300,000 accountants and auditors resigned from the US profession between 2019 and 2022, a fall of roughly 17% from its peak. Trends data from the AICPA (American Institute of Certified Public Accountants) shows degree completions and the number of CPA candidates have been falling for years. At the same time, the Bureau of Labor Statistics still projects well over 100,000 openings in this field every year. Why India, specifically? ICAI’s 2025 report puts the Institute past 4 lakh members and more than 10 lakh registered CA students, more than the entire licensed CPA population of the United States. The NASSCOM–Zinnov India GCC Landscape Report 2026 counts 2,117 Global Capability Centres (in-house offshore units of global companies), employing 2.36 million professionals and generating roughly USD 98.4 billion in FY26. Example: You reported ₹500,000 as salary income, but Form 26AS shows ₹600,000—this mismatch could trigger a defective return notice. The clock works in your favor. India runs 9.5 hours ahead of US Eastern Time and 4.5 hours ahead of the UK. Send the day’s queries at 6 pm in New York, and the work is done before you open your laptop: a second shift you never had to hire. . AI didn’t remove the person—it changed the job. Bank feeds and OCR handle routine data entry well. But they cannot decide whether a payment is a repair or capital expenditure or flag a duplicate vendor under a wrong spelling. The 2026 model is a compact team reviewing automated entries. Is the data safe? The Digital Personal Data Protection (DPDP) Rules, 2025, were notified in November 2025, giving the DPDP Act, 2023 a phased timeline. Full compliance is due by 13 May 2027, with penalties of up to ₹250 crore for weak data protection measures. Data protection in India can no longer depend on whatever contract says. Legal compliance is the minimum, not a replacement for a sound practice. Verify ISO 27001 certification, ask for the SOC 2 Type II report rather than the logo, and connect with the point of contact for review. Where a Noida partner fits The partner matters more than the country. Engagements fail when firms buy on rate alone or skip the change period. A qualified chartered accountant in Noida reviewing the output is worth more than three affordable junior processors. Manthan Experts works with both sides: overseas firms developing offshore capacity and Indian businesses that need the familiar expertise, closer to home. Accounting and Bookkeeping Services in Noida—ledgers and reconciliations GST and Income Tax Consultant in Noida support, plus ITR Filing Services in Noida Audit, ROC Compliance Services, and Company Registration in Noida Payroll Services in Noida—processing, deductions, and registers Virtual CFO Services in Noida and Business Advisory Services in Noida—cash flow, MIS reporting, and structuring If you are looking for a CA in Noida or a tax consultant in Noida to take this off your desk, have that conversation before your next month-end close, not after it. Your Books Shouldn’t Keep You Up at Night. Three weeks behind on reconciliations? Entries piling up? Financial clarity getting harder to find? Let’s fix that. Book a consultation with Manthan Experts. We’ll review your books, understand your requirements, and give you an honest view of whether outsourcing is the right choice for your business. If it makes sense, we’ll give you a clear and customized quote before you make a commitment. FAQs Q1: What does “outsourcing bookkeeping” actually involve—am I handing over my bank account to strangers? You have 15 days from the date of receiving the notice to respond. An extension may be granted if requested. Q2: What happens if I file a revised return instead of a corrected return? A revised return is treated differently from a corrected return under Section 139(9). Respond only through the “Submit Response” option for defective returns. Q3: Can I challenge a defective return notice? If you believe the notice was issued incorrectly, you can raise a grievance through the e-filing portal or consult a tax expert. Conclusion Book a consultation with Manthan Experts. We’ll review your books, understand your requirements, and give you an honest view of whether outsourcing is the right choice for your business. If it makes sense, we’ll give you a clear and customized quote before you make a commitment. If you require assistance with income tax notices/demands, Manthan Experts can be your trusted advisor. Contact them at info@manthanexperts.com to discuss your specific needs and explore how their expertise can benefit your business. Search Table of Contents Introduction What is a Defective Return Notice Under Section 139(9)? Common Reasons for a Defective Return Notice How to Respond to a Defective Return Notice Consequences of Not Responding to the Notice Tips to Avoid a Defective Return Notice FAQs Conclusion Latest Blog and News Audit & Assurance Blog Bookkeeping & Accounting GST Income Tax Consultancy ITR e-Filing Knowledge Update Latest News Payroll (PF & ESIC)
Author: Manthan Experts
Profit vs Cash Flow
Profit vs Cash Flow Manthan Experts September 10, 2026 Blog, Bookkeeping & Accounting Introduction It sounds like a conundrum. It isn’t? Profit and cash flow are answering two categorically different questions, and a business can do brilliantly Ask any business owner in Noida or Delhi and you will hear a version of the same story. The year ended well. The P&L showed a profit. And yet, come the 7th of the month, arranging salaries was a scramble, making you ponder where all went down the hill? on one while quietly grappling on the other. Profit tells you how the business thrived over a period. Cash flow tells you what actually moved in and out of the bank during that same period. Both are veracious at the same time. Having got an acumen to read them together is what separates an owner who is in control from one who is constantly firefighting. Two different questions, two different statements Profit is an accounting measure. It is built on the accrual principle, which means a transaction is recorded in the period when it economically happens and not in the period when the money changes hands. The IFRS Conceptual Framework is unequivocal about why this is done: accrual-based information gives users a better basis for judging past and future performance than information built only on cash receipts and payments.Cash flow works on a completely different logic. It tracks only one thing: the movement of cash and cash equivalents. Under IAS 7 and its Indian equivalent, Ind AS 7, the statement of cash flows explains how the closing bank balance got to where it is, by splitting every movement into three categories: operating, investing and financing.In India this is not optional for most companies. Section 2(40) of the Companies Act, 2013 includes the cash flow statement within the definition of “financial statement,” with a carve-out for One Person Companies, small companies and dormant companies. So, if your company is outside those categories, this statement is already being prepared the question is whether anyone in the business is actually reading it. 2. The difference, in one table BASIS PROFIT CASH FLOW Thequestion it answers DidWe earned more than we spent this year? Didmoney actually come in and go out? What it measures Financial performance Liquidity and movement of money Basis Accrual Cash Where you find it Statement of Profit and Loss Statement of Cash Flows WhereThings go wrong. Recognitionand measurement of income and expenses Timing,and where the money came from 3. So how does a profitable company run short of cash? Nine times out of ten, the answer is timing. Say you close a ₹15 lakh order on credit. Once the revenue recognition conditions are satisfied, that sale goes into your P&L and lifts your profit for the year. Your client, meanwhile, has 60 days to pay and takes 90. For those three months the ₹15 lakh is real profit on paper and a receivable in your ledger. It is not money you can use to pay a vendor. The reverse happens too, and it fools people just as often. A ₹40 lakh term loan hits your current account and the balance look impeccable. But borrowing is a financing inflow under IAS 7 and it changes the size of your borrowings, not your operating performance. Nothing about that ₹40 lakh says your business model is working. This is the single most important takeaway: a robust bank balance is not proof of a healthy business. 4. Why this hits Indian MSMEs harder than most Ind AS 7 sorts every rupee that moves into one of three categories. Once you know which bucket a number is sitting in, the statement stops looking like a wall of figures.• Operating activities—cash generated by the main revenue-earning work of the business. Ind AS 7 treats this as a key indicator of whether operations are throwing off enough cash to repay loans, maintain capacity, pay dividends, and fund new investment without going back to lenders.• Investing activities—cash spent on or received from long-term assets and certain investments. Buying a new machine or a delivery van sits here.• Financing activities—movements that change the size and composition of your equity and borrowings. Taking a loan, repaying it, or bringing in fresh capital. 5. The three buckets in a cash flow statement Ind AS 7 sorts every rupee that moves into one of three categories. Once you know which bucket a number is sitting in, the statement stops looking like a wall of figures. • Operating activities—cash generated by the main revenue-earning work of the business. Ind AS 7 treats this as a key indicator of whether operations are throwing off enough cash to repay loans, maintain capacity, pay dividends, and fund new investment without going back to lenders. • Investing activities—cash spent on or received from long-term assets and certain investments. Buying a new machine or a delivery van sits here. • Financing activities—movements that change the size and composition of your equity and borrowings. Taking a loan, repaying it, or bringing in fresh capital. 6. Where profit and operating cash flow drift apart Most Indian companies present operating cash flow using the indirect method, which starts from profit before tax and then adjusts it. Those adjustments are, in effect, a list of every reason profit is not cash. Ind AS 7 groups them into non-cash items, changes in working capital (deferrals and accruals), and items whose cash effect actually belongs under investing or financing. A credit sale lifts profit today; the cash arrives whenever the customer decides it will. Inventory purchases drain cash immediately, but the cost only hits your P&L when the goods are sold. Depreciation reduces profit without a single rupee leaving the bank, so it is added straight back. Follow these steps to respond to a defective return notice through the Income Tax e-filing portal: 7. A worked example. Take a consultancy that bills ₹30 lakh during the year and reports ₹8 lakh of accounting profit. At 31… Continue reading Profit vs Cash Flow
OLD TAX REGIME VS. NEW TAX REGIME FOR F.Y. 2025-26 (A.Y. 2026-27)
OLD TAX REGIME VS. NEW TAX REGIME FOR F.Y. 2025-26 (A.Y. 2026-27) Manthan Experts June 18, 2026 Blog, GST Introduction Choosing between the old tax regime and the new tax regime remains one of the most significant tax-planning decisions for individual taxpayers in India. For F.Y. 2025-26, relevant to A.Y. 2026-27, the new regime continues to be the default regime option; it may not be the most advantageous choice for every taxpayer. The optimal regime depends largely on an individual’s income profile, eligibility for deductions and exemptions, and overall financial planning strategy. Taxpayers with limited deduction claims may benefit from the simplified structure and concessional tax rates offered under the new tax regime, whereas those who actively utilize tax-saving provisions may find the old regime more fiscally edifying. In this guide, we’ll explain why you might receive a Section 139(9) notice, how to respond to it step-by-step, and the consequences of not addressing it on time. Let’s break it down in simple terms to help you navigate this situation smoothly. SLAB RATES UNDER BOTH REGIMES For A.Y. 2026-27, the old regime slab rates remain unchanged, while the new regime now follows a revised slab structure for the F.Y. 2025-2026. TAXABLE INCOME NEW TAX REGIME OLD TAX REGIME Up to Rs 2,50,000 Nil Nil Rs 2,50,001 to Rs 4,00,000 Nil 5% Rs 4,00,001 to Rs 5,00,000 5% 5% Rs 5,00,001 to Rs 8,00,000 5% 20% Rs 8,00,001 to Rs 10,00,000 10% 20% Rs 10,00,001 to Rs 12,00,000 10% 30% Rs 12,00,001 to Rs 16,00,000 15% 30% Rs 16,00,001 to Rs 20,00,000 20% 30% Rs 20,00,001 to Rs 2,400,000 25% 30% Above Rs 2,400,000 30% 30% For A.Y. 2026-27, the old regime slab rates remain unchanged, while the new regime now follows a revised slab structure for F.Y. 2025-2026. Tax rates for an individual (resident or non-resident) less than 60 years of age anytime during the previous year are as below: OLD TAX REGIME NEW TAX REGIME U/S 115BAC OF INCOME TAX ACT,1961 Income Tax Slab Income Tax Rate Income Tax Slab Income Tax Rate Up to ₹ 2,50,000 Nil Up to ₹ 4,00,000 Nil ₹ 2,50,001 – ₹ 5,00,000 5% above ₹ 2,50,000 ₹ 4,00,001 – ₹ 8,00,000 5% above ₹ 4,00,000 ₹ 5,00,001 – ₹ 10,00,000 ₹ 12,500 + 20% above ₹ 5,00,000 ₹ 8,00,001 – ₹ 12,00,000 ₹ 20,000 + 10% above ₹ 8,00,000 Above ₹ 10,00,000 ₹ 1,12,500 + 30% above ₹ 10,00,000 ₹ 12,00,001 – ₹ 16,00,000 ₹ 60,000 + 15% above ₹ 12,00,000 ₹ 1,600,001 – ₹ 2,000,00000 ₹ 120,000 + 20% above ₹ 1,600,000 ₹ 20,00,001 – ₹ 24,00,000 ₹ 200,000 + 25% above ₹ 2,000,000 Above ₹2,400,0000 ₹ 300,000 + 30% above ₹ 2,400,000 Tax rates for an individual (resident or non-resident), 60 years or more but less than 80 years of age anytime during the previous year, are as follows: OLD TAX REGIME NEW TAX REGIME U/S 115BAC OF INCOME TAX ACT, 1961 Income Tax Slab Income Tax Rate Income Tax Slab Income Tax Rate Up to ₹ 300,000 Nil Up to ₹ 400,000 Nil ₹ 300,001 – ₹ 500,000 5% above ₹ 300,000 ₹ 400,001 – ₹ 800,000 5% above ₹ 400,000 ₹ 500,001 – ₹ 1,000,000 ₹ 10,000 + 20% above ₹ 500,000 ₹ 800,001 – ₹ 1,200,000 ₹ 20,000 + 10% above ₹ 800,000 Above ₹ 1,000,000 ₹ 110,000 + 30% above ₹ 1,000,000 ₹ 12,00,001 – ₹ 16,00,000 ₹ 60,000 + 15% above ₹ 1,200,000 ₹ 1,600,001 – ₹ 2,000,000 ₹ 120,000 + 20% above ₹ 1,600,000 ₹ 2,000,001 – ₹ 2,400,000 ₹ 200,000 + 25% above ₹ 2,000,000 Above ₹ 2,400,000 ₹ 300,000 + 30% above ₹ 2,400,000 REBATE UNDER SECTION 87A One of the most enthralling advantages of the new tax regime is the enhanced rebate available under Section 87A of the income tax act. For FY 2025-2026, resident individuals opting for the new regime may claim a rebate of up to 60,000, provided their taxable income does not exceed 12 lakh. By contrast, under the old regime, the rebate continues to be restricted to 12,500 for taxpayers whose taxable income doesn’t exceed 5 lakhs. Consequently, eligible taxpayers under the new regime may effectively eliminate their tax liability up to the prescribed income threshold, subject to compliance with the applicable statutory conditions. The availability of the standard deduction further strengthens the attractiveness of the new regime for salaried individuals. DEDUCTIONS AVAILABLE AND NOT AVAILABLE The most fundamental distinction between the two tax regimes lies not merely in their respective slab rates but in the treatment of deductions and exemptions. The old tax regime provides taxpayers with access to a comprehensive range of tax-saving provisions, whereas the new regime adopts a comparatively streamlined approach by restricting several commonly claimed deductions. Under the old regime, taxpayers may avail themselves of deductions and exemptions such as investments under Section 80C, medical insurance premiums under Section 80D, House Rent Allowance (HRA), Leave Travel Allowance (LTA), and interest on self-occupied residential property under Section 24(b), among numerous others. For individuals with a well-structured tax-saving portfolio, these benefits can substantially reduce taxable income and potentially outweigh the higher slab rates applicable under the old regime. Conversely, the new regime dispenses with many traditional exemptions and deductions in exchange for lower tax rates and simplified compliance. Nevertheless, certain benefits continue to remain available, including the standard deduction, employer contributions to the National Pension System under Section 80CCD(2), deductions under Section 80JJAA, and specific notified allowances HOUSE PROPERTY AND LOSS SET-OFF The tax treatment of income from house property continues to be a critical consideration when evaluating the suitability of either tax regime. Under the old regime, taxpayers may claim deductions for interest paid on self-occupied residential property, subject to the prescribed limits, and may also avail themselves of the permissible set-off of house property losses against other heads of income. In contrast, the new tax regime significantly curtails these benefits, thereby diminishing its attractiveness for taxpayers with substantial housing loan obligations. Individuals deriving considerable tax advantages from home-loan interest deductions should undertake… Continue reading OLD TAX REGIME VS. NEW TAX REGIME FOR F.Y. 2025-26 (A.Y. 2026-27)
Best ITR Filing Services for IT Professionals
Best ITR Filing Services for IT Professionals Manthan Experts June 15, 2026 Blog Introduction If you work in IT, your workday probably does not end when the clock says it should. Deadlines move, deployments happen late, clients are in different time zones, and there is always one more issue to fix or one more tool to learn. In the middle of all that, income tax filing often becomes something you keep postponing until the last moment. The problem is that many IT professionals no longer have a very simple tax profile. A lot of people have switched jobs during the year, received bonuses, earned stock-based compensation, taken up freelance work, or built side income through consulting. Once multiple income streams enter the picture, tax filing becomes less about filling a form and more about understanding what exactly needs to be reported and where. Manthan Experts is a taxation and business management company that offers ITR filing and tax support designed for IT professionals who want the work done properly, with less confusion and less last-minute pressure. In this guide, we’ll explain why you might receive a Section 139(9) notice, how to respond to it step-by-step, and the consequences of not addressing it on time. Let’s break it down in simple terms to help you navigate this situation smoothly. Why do IT professionals often need specialized support? At first glance, an IT salary may look easy to file. But in reality, many people in tech have details that make the return more complicated than expected. Someone may have two Form 16s because of a job switch. Another person may have received joining bonus, variable pay, or retention bonus. A DevOps engineer may simply be a salaried employee but still have allowances and investment income to report. An AI engineer may have a salary plus freelance or consulting income from project-based work. A consultant or freelancer may be billing clients directly. Even a regular software employee may have ESOPs, RSUs, Dividends, or capital Gains that need proper treatment. The return can go wrong when these details are handled casually. People sometimes rely only on one Form 16, forget older salary records, skip reporting side income, or miss deductions they were legally entitled to claim. That is where expert review adds real value. Who is this service useful for? The service is relevant for many kinds of people working in and around the tech ecosystem, including: Manthan Experts regularly assists IT professionals based in Delhi NCR, Gurugram, Noida, and other parts of India, whether they are in a metro city or a growing tech hub. Software Developers and Engineers DevOps Engineers AI Engineers and Machine Learning Specialists System Administrators Data Scientists and Analysts IT Consultants and Freelancers Project Managers and Delivery Leads IT Support and Service Desk Professionals Each of these roles can have a different mix of salary, bonus, stock income, consulting income, allowances, or deductions. That is why a one-size-fits-all approach often misses important details. What does Manthan Experts help with? Manthan Experts supports IT professionals through the full ITR filing process, from document review to final submission. The company looks at the actual structure of your income rather than assuming every tech employee fits the same template. That includes reviewing salary records, multiple Form 16s, bonus components, stock-related income, consultancy receipts, deductions and TDS entries, and mismatches in AIS, TIS, and Form 26AS. When needed, the team also helps with clarifications, corrections, and responses if something has already gone wrong in an earlier filing. In simple terms, the value is not just in filing the return. The value is in filing it correctly, after understanding how your earnings were built during the year. Why does expert filing make sense here? Most IT professionals are not looking for a tax lecture. They want someone to help them file correctly, avoid avoidable mistakes, and make sure nothing obvious is left out. A CA-led process helps bring order to all of that. It can reduce mismatch issues, improve reporting clarity, and help ensure that deductions, tax positions, and supporting records are handled in a cleaner way. There is also the convenience factor. Instead of trying to sort through tax documents after work or on weekends, professionals can hand the process to a team that does this regularly and understands the usual tech-sector complications. Closing note If you work in IT and want your ITR handled properly without spending hours figuring out every section on your own, expert support can save both time and stress. Manthan Experts offers tailored ITR filing and tax support for IT employees, consultants, freelancers, and other technology professionals in Delhi NCR, Gurugram, Noida, and across the rest of India. You focus on your work. The company helps keep the tax side organized. Search Table of Contents Introduction Why IT Professionals Often Need Specialized Support? Who This Service Is Useful For? What Manthan Experts Helps With? Why does Expert Filing Makes Sense Here? Closing Note Latest Blog and News Audit & Assurance Blog Bookkeeping & Accounting GST Income Tax Consultancy ITR e-Filing Knowledge Update Payroll (PF & ESIC)
Due Dates to File ITR for A.Y. 2026-27
Due Dates to File ITR for A.Y. 2026-27 Manthan Experts June 8, 2026 Blog Introduction Timely filing of the income tax return is one of the most important compliance steps for every taxpayer. Missing the due date can lead to interest, late fees, and restricted loss carry-forward, and unnecessary notices. For that reason, taxpayers should keep track of the latest due dates applicable for A.Y. 2026-27 instead of relying on older extension-based calendars from prior years. The current filing season relates to F.Y. 2025-26 and A.Y. 2026-27. Different categories of taxpayers have different due dates depending on whether their accounts are subject to audit, whether they are covered by transfer pricing provisions, and which ITR form they are required to file. Due dates for A.Y. 2026-27 The following due dates are relevant for A.Y. 2026-27 based on current sources available at the time of this update. Particulars Due date Individuals and other non-audit taxpayers filing ITR-1 or ITR-2 31st July 2026 Non-audit business and professional taxpayers filing ITR-3 or ITR-4 31st August 2026 Tax audit report 30th September 2026 Taxpayers whose accounts are required to be audited 31st October 2026 Taxpayers covered by transfer pricing provisions 30th November 2026 Belated return 31st December 2026 Updated return under ITR-U Up to 31st March 2031, subject to statutory conditions Important filing updates this year A.Y. 2026-27 brings a few practical changes that taxpayers should keep in mind while preparing their returns. One important update is that ITR-1 and ITR-4 now allow reporting of up to two house properties, subject to the other eligibility conditions of those forms. Another important change is the introduction of reporting fields for unrealized rent in the updated filing framework. These changes may simplify reporting for some taxpayers, but they also make it important to choose the correct ITR form based on the actual nature of income. Why filing on time matters: Filing the return on or before the due date is not just about avoiding penalties. A timely return helps the taxpayer carry forward eligible losses, claim refunds faster, maintain a clean compliance profile, and avoid unnecessary notices from the department. Delay in filing may also affect financial documentation required for loans, visas, tenders, and other business or personal purposes. For salaried individuals, early filing is usually easier because Form 16, AIS, TIS, and other annual documents become available in time. For business taxpayers, the return should ideally be planned well before the deadline so that books, reconciliations, TDS credits, and audit requirements are completed smoothly. Final note Taxpayers should always verify the applicable due date based on their category before filing. A non-audit salaried person, a business owner requiring an audit, and a taxpayer having international or specified domestic transactions can all have different deadlines. Using the correct due date and the correct ITR form is the first step toward smooth and penalty-free compliance. Search Table of Contents Introduction What Due Dates for A.Y. 2026–27? Important Filing Updates This Year Why Filing on Time Matters? Final Note Latest Blog and News Audit & Assurance Blog Bookkeeping & Accounting GST Income Tax Consultancy ITR e-Filing Knowledge Update Payroll (PF & ESIC)
EMPLOYEES’ PROVIDENT FUND REGISTRATION
EMPLOYEES’ PROVIDENT FUND REGISTRATION Manthan Experts March 17, 2026 Blog Introduction The Employees’ Provident Fund Organisation (EPFO) is a statutory body under the Ministry of Labour & Employment, Government of India. This portal allows both employer or employees to access and manage services related Employees’ Provident Fund (EPF), Employees’ Pension Scheme (EPS) and Employees’ Deposit Linked Insurance Scheme (EDLI). What is EPF? The Employees’ Provident Fund Scheme (EPF) is a government-backed retirement savings plan that ensures financial security for employees through mandatory contributions from both the employee and employer EPF Eligibility Basic pay and dearness allowance is up to Rs. 15,000 is mandatorily required If the amount later exceeds Rs. 15,000, the contribution will be calculated as a percentage of Rs. 15,000 If such limit exceeds Rs.15,000, the employee can still opt for voluntary contribution Contribution Details The contribution by the employer (establishment with more than 20 employees) to the Provident Fund is 12% of an employee’s basic salary plus dearness allowance (DA) upto Rs.15000, split into 3.67% for EPF and 8.33% for EPS 1. Incomplete or Incorrect Information Benefits Guaranteed Returns: The EPF is a government-backed scheme that offers guaranteed returns, reviewed annually Retirement Savings: A portion of your salary is contributed to the EPF, which accumulates interest over time, providing a secure retirement fund Pension Scheme: Members are eligible for a pension after retirement, ensuring financial stability in old age Insurance Benefits: EPFO provides life insurance coverage to members, adding an extra layer of financial security Taxation & Exemption Employee’s contribution towards EPF can be claimed as a deduction upto Rs. 1.5 lakh under Section 80C in the old tax regime only. Employer’s contribution of upto 12% of the basic salary is exempt from tax under both the new and old tax regimes. If employer contributions to EPF, NPS, and superannuation funds exceeding ₹7.5 lakh per annum is taxable in the hands of the employee Shram Suvidha Portal The Unified Shram Suvidha Portal facilitate ease of reporting at one place of various Labour laws (including ESIC, EPFO and other Labour Laws) consolidated information of Labour Inspection and its enforcement. The establishment will be able to register & apply for ESIC and EPFO The employers will be allotted Labour Identification Number (LIN) after registration on web portal. The enforcement agency will upload the data of inspection on the web portal which will be updated periodically Registration Process through Shram Suvidha Portal Visit https://return.shramsuvidha.gov.in/user/register and click to signup given on top right-side corner of the login page Step 2 Enter the details and click ‘signup’ to create an account Step 3 Select Registration for EPFO-ESIC v1.1 from left panel Errors in name, address, or other personal information. PAN or Aadhaar mismatch with tax department records. Step 4: Apply for New Registration Step 5 Note: Select both incase if you want to apply for both Step 6 Registration Form will appear. Employer need to fill the following details Establishment Details Establishment details to be provided are the Name of the establishment, Address, Incorporation Date, PAN and Type of establishment In case of Factory then details to be provided are the Factory License Number, Date of License and Place of issue of License Incase MSME, provide MSME registration details In the case of Startup, provide Startup registration details Fields that are not mandated for EPFO registration will be disabled. Kindly ignore disabled fields eContacts Enter communication details for the establishment, such as primary email and mobile number After filling, click to verify eContact Note: Until the given number or email is verified, submission of the form cannot be allowed Contact Persons Enter details of the Primary Manager / authorised person who is responsible for compliance of the establishment 4. Identifiers Identifiers include government-issued IDs such as PAN, Aadhaar, etc of Establishment / Authorised person 6. Branch/Division 7. Activities Provide the nature of business by using NIC (National Industrial Classification) Sending signed ITR-V to CPC, Bengaluru 8. Attachments Note: Only jpeg, png, pdf file type allowed 9. View the summary of the registration form from dashboard and submit 10. Attach the Digital Signature 11. System displays message on successfully submitting the Registration form 12. Employer will receive an email from Shram Suvidha List of Documents to be Attached Copy of PAN Proof of Address Date of Setup Proof License Proof Specimen Signature (Authorized signatory) Copy of Cheque Hired/Rented/Leased Agreement between employer and employee is required, only in case of voluntary coverage Conclusion Navigating Employee Provident Fund (EPF) regulations may seem complex, but understanding and complying with them offers immense financial security for your workforce and operational benefits for your business. EPF builds a substantial retirement corpus through combined contributions from both the employee and employer, providing your staff with tax-free annual interest, life insurance coverage, and pension benefits. While registering as an employer with the EPFO is mandatory if you have 20 or more employees, it goes well beyond basic compliance. It brings key advantages like vital legal protection and keeps your employees engaged, secure, and satisfied. To make this easier, the Ministry of Labour & Employment has developed a single unified Web Portal to streamline the online registration of units, reporting of inspections, and submission of Annual Returns, ensuring transparency and a simplified compliance process. If you require assistance with EPF registration or ongoing labour law compliance, Manthan Experts can be your trusted advisor. Contact them at info@manthanexperts.com to discuss your specific needs and explore how their expertise can benefit your business. Search Table of Contents Introduction What is EPF? EPF Eligibility Contribution Details Benefits Taxation & Exemption Shram Suvidha Portal Registration Process through Shram Suvidha Portal List of Documents to be Attached Conclusion Latest Blog and News Audit & Assurance Blog Bookkeeping & Accounting GST Income Tax Consultancy ITR e-Filing Knowledge Update Payroll (PF & ESIC)
MSME Registration in India: Complete Guide, Benefits & Process (2026)
MSME Registration in India: Complete Guide, Benefits & Process (2026) Manthan Experts March 12, 2026 Blog WHAT IS MSME? MSME, also known as Udyam registration, stands for Micro, Small, and Medium Enterprises, classified on the bases of investment in plant, machinery, or equipment and annual turnover, with updated limits effective from April 1, 2025 MSME REGISTRATION ELIGIBILITY All manufacturing, services, trading or non-trading that fulfill the MSME annual turnover and investment criteria are eligible for MSME registration BENEFITS OF TAKING MSME REGISTRATION MSME registration is not mandatory to obtain registration, but it is beneficial to get one’s business registered under this because it provides a lot of benefits in terms of Credit Guarantee Scheme Credit guarantee for loans up to Rs. 5Cr without collateral and third-party guarantee Procurement and Marketing Support Promote new market access initiatives like Organizing / Exhibitions / MSME Expo, etc. held across the country and create awareness and educate the MSMEs about the importance, methods, procedure, etc. Protection against delayed payments The buyer is liable to pay compound interest with the monthly rests to the supplier on the amount at the three times of the bank rate notified by RBI in case he does not make payment to the supplier for his supplies of goods or services within 45 days of the acceptance of the goods/service rendered Along with the Udyam Registration, Enterprises may register themselves on Government e-Market (GeM) Portal TReDS Portals (one or more) National Career Services (NCS) Portal NSIC B2B Portal Skill India Digital Portal REQUIREMENT FOR REGISTRATION Aadhaar number shall be required for Udyam Registration Aadhaar number shall be of the proprietor in the case of a proprietorship firm, of the managing partner in the case of a partnership firm and of a karta in the case of a Hindu Undivided Family (HUF) In case of a Company or a Limited Liability Partnership or a Cooperative Society or a Society or a Trust, the Organization or its authorized signatory shall provide its GSTIN and PAN along with its Aadhaar number Having PAN & GST number is mandatory from 1st April, 2021 No need to upload any documents or proof MSME REGISTRATION PROCESS MSME registration process has been made online through the Udyam registration portal www.udyamregistration.gov.in Registration process is fully digitalized and Paperless and on self-declaration basis No Costs or Fees are to be paid to anyone and no renewal required Those who have EM-II or UAM registration or any other registration issued by any authority under the Ministry of MSME, will have to re-register themselves On registration, an enterprise will be assigned a permanent identity number to be known as “‘Udyam Registration Number” “Udyam Registration Certificate” shall be issued online on completion of the registration process STEPS Click “For New Entrepreneurs” as shown on the home page On the next page, enter the Aadhaar number and the name of the entrepreneur, click on the “Validate and Generate OTP Button” and enter the OTP to verify Enter the “Type of Organization” and the PAN number and click on the “Validate PAN” button After verification of PAN, the Udyam Registration form will appear. Entrepreneurs need to fill in their personal details and details of their enterprise 5. Enter the investment and turnover details, select the declaration, and click on the “Submit and Get Final OTP” button. Enter the OTP and submit the form 6. Udyam Registration Certificate will be sent through email CONCLUSION MSME registration is a critical, free, and fully online step for small businesses to unlock significant benefits like easier credit, reduced interest rates, government subsidies, and tender opportunities. As the backbone of India’s economy, this registration offers legal protection against delayed payments, enhanced credibility, long-term success, etc. Once registered, the Udyam registration is valid for the lifetime of the business, though information should be updated if details change. FREQUENTLYASKED QUESTIONS ON UDYAM REGISTRATION PORTAL Q. What is Udyam Registration? Udyam Registration is an online, simple, self-declaration based registration introduced by the Ministry of Micro, Small, and Medium Enterprises (MSME) for the registration of enterprises. It has replaced the earlier systems of MSME registration, known as Entrepreneur Memorandum (EM-II) and Udyog Aadhaar Memorandum (UAM). EM-II and UAM are not valid any more Q. Who needs to register under Udyam? Any enterprise engaged in manufacturing or service, having investment in plant and machinery or equipment and turnover, defined for micro, small and medium enterprises need to register on Udyam portal Q. Is Udyam Registration mandatory? No, Udyam registration is not mandatory to obtain registration, but it is beneficial to get one’s business registered under this because it provides a lot of benefits. Q. How can I apply for Udyam Registration? The registration can be done on the official Udyam Registration portal (https://udyamregistration.gov.in). The process is simple and requires basic information about the enterprise and its ownership as to whether it is a proprietary concern/partnership/company, etc. Q. Is there any fee for Udyam Registration? No, there is no fee for Udyam Registration. Q. What are the composite criteria of classification for MSME? Q. How long does it take to receive Udyam Registration after application? Upon successful submission of the application, the Udyam Registration Certificate is issued instantly. Registration Certificate is generated online and can be downloaded through Portal. Search Table of Contents Introduction to MSME Registration What is MSME (Micro, Small, and Medium Enterprises)? Updated MSME Classification (2026) Who is Eligible for MSME Registration? Benefits of MSME Registration in India Easy Access to Business Loans Lower Interest Rates from Banks Eligibility for Government Schemes & Subsidies Participation in Government Tenders Protection Against Delayed Payments Documents Required for MSME Registration Step-by-Step Process for MSME Registration (Udyam Registration) Common Mistakes to Avoid During Registration Why MSME Registration is Important for Small Businesses How Manthan Experts Can Help with MSME Registration Frequently Asked Questions (FAQs) Latest Blog and News Audit & Assurance Blog Bookkeeping & Accounting GST Income… Continue reading MSME Registration in India: Complete Guide, Benefits & Process (2026)
Why ITR Refunds Might Be Delayed – Common Reasons Explained
Why ITR Refunds Might Be Delayed – Common Reasons Explained Manthan Experts March 10, 2026 Blog, ITR e-Filing Introduction Filing an Income Tax Return (ITR) on time often brings a sense of relief. For many taxpayers, the most awaited part is the credit of the refund into the bank account. However, delays in receiving refunds are not uncommon. In most situations, there is a clear reason behind the wait. Each year, Manthan Experts supports taxpayers and return filers with ITR filing, and one of the most frequent queries received is: “Why hasn’t the refund been processed yet?” Let’s look at the key reasons. Return Still Under Processing After submission, an ITR is not immediately refunded. It first undergoes processing at the Centralized Processing Centre (CPC). If e-verification has not been completed, processing does not even begin. The duration may also vary depending on the time of filing. Tip: Complete e-verification within thirty days of filing. Bank Account Issues Incorrect or unverified bank details often lead to refund delays. Even a small error in account number or IFSC code can block the transaction. If the account is inactive, closed, or not linked with PAN, the refund remains undelivered. Tip: Validate and pre-check bank details before filing. Errors in the Return The data in the return must match the records with the Income Tax Department, including Form 26AS, AIS, and TIS. Any mismatch can result in a hold on the refund. Examples include: Claiming TDS not available in Form 26AS Wrong income details Name or PAN mismatches Tip: Double-check all details or seek professional guidance before submission. Adjustment Against Previous Dues If there are unpaid tax liabilities from earlier years, the department can adjust the current refund against them. Many tax filers discover such dues only when the refund amount is reduced or withheld. Tip: Regularly check the income tax portal for pending demands or notices. Pending Clarifications At times, the department issues a notice requiring further clarification or additional documents. Until a reply is submitted, the refund will remain on hold. Tip: Monitor email, SMS, and portal notifications carefully and respond promptly. Heavy Filing Season During peak months (July-September), the volume of return filings increases significantly. Processing time is often longer during this phase. Tip: Filing early helps avoid seasonal delays. Technical or Backend Issues Occasionally, delays occur due to system glitches at the department’s end or issues in the refund banking system. Though rare, such factors can still affect timelines. How to Track Refund Status Refund status can be tracked through: Income Tax e-filing portal – by logging into the account. NSDL refund status page – using PAN and assessment year. These platforms display whether the refund is processed, dispatched, or on hold. Steps to Resolve Refund Delays Ensure bank details are pre-validated and PAN-linked. Verify income records against Form 26AS, AIS, and TIS. Check for outstanding tax demands. Respond quickly to departmental communications. Seek professional support if the delay continues. Conclusion ITR refund delays are usually the outcome of minor issues such as data mismatches, pending verification, or peak processing loads. While the waiting period can be frustrating, most delays are easily resolvable. At Manthan Experts, services go beyond filing – ensuring accuracy, monitoring refund status, and assisting taxpayers in resolving refund-related issues smoothly. Search Table of Contents Introduction Return Still Under Processing Bank Account Issues Errors in the Return Adjustment Against Previous Dues Pending Clarifications Heavy Filing Season Conclusion Latest Blog and News Audit & Assurance Blog Bookkeeping & Accounting GST Income Tax Consultancy ITR e-Filing Knowledge Update Payroll (PF & ESIC)
Why Choose Manthan Experts for Accounting & Auditing Services
Why Choose Manthan Experts for Accounting & Auditing Services Manthan Experts March 10, 2026 Blog, Bookkeeping & Accounting Introduction Running a business in today’s competitive age is not easy. Apart from sales and operations, one of the biggest challenges for any entrepreneur is keeping financial records accurate and staying compliant with laws. That’s where your trusted advisor, Manthan Experts, can make all the difference. Manthan Experts is a Delhi-based firm which is managing business and taxation compliances of established businesses, start-ups, freelancers, professionals and Individuals for more than a decade. Our team consists of Chartered Accountants, Tax professionals and advocates dedicated to providing reliable accounting, taxation and auditing services all businesses. Team of Skilled Professionals Our group consists of experienced CAs, Accountants, company secretaries, legal professionals and others who have experience with startups, small and medium enterprises, as well as large corporations. We recognize the significance of precise reporting and adhering to the regulations established by the government and taxation authorities. Manthan Experts: Your Trusted Partner in Accounting & Auditing Our tailored assistance guarantees you feel supported rather than overwhelmed by statistics, the knowledge of our team helps you keep compliant and peace of mind. The goal is rather simple: to improve the effectiveness of your business operations so enabling you to focus on growth rather than administrative duties. We believe that dealing with compliance shouldn’t cause inconvenience. Along with its particular challenges, every company has a particular route. We go beyond merely offering services therefore by making the time to listen and understand so as to provide really customized solutions to your needs. Comprehensive Accounting Services Maintaining financial records entails more than simply documenting transactions; it also entails ensuring that all data is accurate, and consistent with your business objectives. At Manthan Experts, we help you through this process. We handle all aspects for you, including the following: Book Keeping and Accounting Monitoring all Incoming and Outgoing payments Reconciling Bank Statements Producing Accurate and Brief Financial Statements In this manner, you may concentrate on what really matters: growing your company rather than worrying about the statistics. Financial Planning and Budgeting A typical query we get is, “What sort of businesses do you deal with? “ The straightforward response is just about everything. Whether you’re a professional, retailer, manufacturer, service provider, or consultant, we’re here to help. We tailor our financial solutions to meet the distinct needs of each business, regardless of its size or industry. Ultimately, a strong financial plan focuses on delivering solutions crafted specifically for your company, rather than using a one‑size‑fits‑all approach. Auditing Services that Foster Trust Auditing isn’t simply a glance at spreadsheet numbers; it’s about building trust and safeguarding your business. A comprehensive audit offers clarity, highlights hidden risks, and ensures you meet every regulatory requirement. We streamline the auditing process and eliminate hassle at Manthan Experts. These are the things we offer: Statutory Audit – confirming that your company complies with the Companies Act Internal Audit – evaluating internal processes in order to reduce risks and increase operational effectiveness Tax Audit – making sure that income tax regulations are followed GST Audit – helping businesses comply with indirect tax rules without any issues Our goal goes beyond simple adherence; we want you to have faith that your company is moving forward in the right direction. Tailored Plans for Each Company Every business is different, therefore we reject the concept of world cures. Whether you are a startup looking for advice, a fast-expanding firm needing organized financial management, or a well-established company looking for solutions for every circumstance, we create them. Firm needing thorough audits suited for your unique needs. Secure and Technology-Driven. Clients frequently inquire, “Is my financial information protected with you?” Absolutely. We employ cutting‑edge accounting software that protects your data, guarantees accuracy, and offers instant access whenever needed. This tech‑focused approach reduces paperwork and enables rapid assessment of your financial situation. Transparent Pricing and Simple Onboarding Confidence stems from clarity of thought. Hence, our pricing structure has no hidden fees. You are only charged for the services you use. Numerous new clients wonder, “What’s the process to begin working with Manthan Experts?” Our services are easy to initiate. You can get in touch through our website or by phone. We’ll evaluate your needs and suggest the most appropriate accounting and audit approach for your business. Established Success Record Throughout the years, Manthan Experts has joined forces with clients spanning diverse sectors, gaining their confidence. Our precision, professionalism, and rapid service delivery have allowed us to forge enduring partnerships with numerous companies. Final Remarks Expertise and dependability are crucial in account management and audit execution. By selecting Manthan Experts, the following are obtained: A proficient team of Experienced Professionals Comprehensive Accounting and Auditing solutions Tailored, industry-oriented services Protected, tech-driven methods Clear pricing and continuous assistance If you seek a partner adept at managing your financial affairs while you concentrate on expanding your business, Manthan Experts is an excellent choice. Contact us today to simplify your accounting and auditing processes! Receiving a defective return notice under Section 139(9) may seem intimidating, but responding correctly and on time can resolve the issue without complications. Make sure to understand the defects mentioned, correct them accurately, and re-submit your return within the deadline. If you need help, consider consulting a tax expert to ensure a smooth resolution. If you require assistance with Income Tax Notices/Demands, Manthan Experts can be your trusted advisor. Contact them at info@manthanexperts.com to discuss your specific needs and explore how their expertise can benefit your business. Search Table of Contents Introduction Team of Skilled Professionals Manthan Experts: Your Trusted Partner in Accounting & Auditing Comprehensive Accounting Services Financial Planning and Budgeting Auditing Services that Foster Trust Tailored Plans for Each Company Transparent Pricing and Simple Onboarding Latest Blog and News Audit & Assurance Blog Bookkeeping & Accounting GST Income Tax Consultancy ITR e-Filing Knowledge Update Payroll (PF & ESIC)
Top 10 ITR Filing Mistakes to Avoid (AY 2026–27) & How to Fix Them
Top 10 ITR Filing Mistakes to Avoid (AY 2026–27) & How to Fix Them Manthan Experts August 12, 2025 Income Tax Consultancy, ITR e-Filing, Knowledge Update Introduction Filing your Income Tax Return (ITR) is not just a compliance requirement—it is a chance to claim what is rightfully yours, like refunds and deductions. But every year, we see taxpayers face avoidable issues like delays, refund failures, or even notices—often because of simple filing mistakes. So, if you are preparing to file your ITR for Assessment Year 2026–27, here is our guide to the top 10 most common mistakes we come across—and more importantly, how to fix them. Wrong ITR form selection What often goes wrong: Taxpayer may have filed ITR-1 because income seems “simple,” but if have Income from capital gains, traded in F&O, or have foreign assets, that form is not right. Why it matters: Using the wrong form almost guarantees a notice from the Income Tax Department. Our advice: Properly check the sources of Income. ITR-2 or ITR-3 is often required for business income or capital gains. Always take the experts advice in order to file ITR correctly. Incorrect Bank or PAN Details Common errors: Bank details error in ITR are very common like Incorrect IFSC codes, wrong account numbers, PAN not linked to Aadhaar, or forgetting to pre-validate bank account. What happens next: Refunds get delayed or bounce back altogether. Our fix: Pre-Validation of bank account is must on the portal. Confirm ITR PAN-Aadhaar Linkage on the portal. Always review your profile details before submitting the return. Missing Income Sources in ITR Where people slip: Forgetting to declare savings account interest, dividends, exempt income, or capital gains from mutual funds, stocks, etc. Why it’s risky: Mismatch of ITR with AIS and Form 26AS can trigger scrutiny or notices. Our fix: Cross-verify your income with AIS and 26AS reports. Disclose all income, even if it’s tax-free. Section 87A Rebate Mistake What we often see: Taxpayers with income under ₹5 lakh forget to check whether the Section 87A rebate is being applied, especially if capital gains are involved. Fix it like this: Do not rely entirely on auto-calculations. Manually verify that the rebate is factored in before submitting the return. click here to know more about Section 87A Rebate ITR-2 Capital Loss Carry Forward Issue The issue: When trying to carry forward losses in ITR-2, the system may show an error like “Loss still carried forward.” Here’s what works: Use the Excel utility instead of the online portal. Re-import the corrected JSON file. Check Schedules BFLA and CFL for accuracy. Validation Errors Despite Everything Filled The glitch: click “Validate,” but the portal says “Please fill mandatory fields”—even when everything looks complete. Simple solution: Delete the affected schedule and re-enter it. Or switch to the offline Excel utility—it is more reliable in such cases. Missing Deductions or Wrong Tax Regime Selection What goes wrong: Taxpayers often missed deductions under Section 80C, 80D, 24(b), etc as they accidentally opt for the new regime without knowing they are missing out on. How to get it right: Understand which tax regime suits your situation. Claim all eligible deductions—with proper documentation. Do not auto-select; review the regime at the time of filing. Click here if you want to know more about Old Tax Regime and New Tax Regime. Forgetting e-verification of ITR A common oversight: Filing is done, but the ITR is not e-verified within 30 days. Result: ITR is treated as not filed, and all the defaults applicable to a non filer will apply. Quick fix: E-verify immediately via Aadhaar OTP, net banking, DSC, or other methods. Set a reminder if needed—this step is crucial. NRI ITR filing errors Frequent issues we see: Declaring Resident status by mistake Not disclosing India-sourced income Skipping NRE/NRO account details Click here if you want to know more about Tax Filing Mistakes for NRIs What to do instead: Select “Non-Resident” in the return if applicable. Choose correct ITR form depending on your income type. Disclose all income earned in India. Technical Glitches at the Final Stage Examples include: Type of account error Schedule TDS mismatch Inconsistencies between total income and deductions Capital gains reporting errors How to handle it: Recheck rounding-offs and minor input errors. Revalidate each section one by one. Use the portal’s “Recompute” feature before submission. Final Tips for a Smooth ITR Filing Experience Before you file, make sure to: Reconcile AIS, Form 16 and Form 26AS. Download your computation of Income and acknowledgement of filed return. Avoid last-minute filing—as it often results in errors. Use the Excel utility if the online portal is giving you a tough time. Need Help with Your ITR? Filing your return the right way not only gives you peace of mind—it also protects you from avoidable notices and delays. If you are unsure about which form to choose, how to report capital gains, or just want to avoid errors, we’re here to help. Reach out to our Manthan Experts for expert guidance and filing support tailored to your income profile. Let’s make this tax season stress-free—for you. Search Table of Contents Introduction Wrong ITR form selection Incorrect Bank or PAN Details Missing Income Sources in ITR Section 87A Rebate Mistake ITR-2 Capital Loss Carry Forward Issue Validation Errors Despite Everything Filled Missing Deductions or Wrong Tax Regime Selection Forgetting e-verification of ITR NRI ITR filing errors Technical Glitches at the Final Stage Final Tips for a Smooth ITR Filing Experience Latest Blog and News Audit & Assurance Blog Bookkeeping & Accounting GST Income Tax Consultancy ITR e-Filing Knowledge Update Payroll (PF & ESIC)