10/08/2026
10 Common TDS Mistakes Businesses Make
1.Not deducting TDS when it is applicable
2.Applying the wrong TDS section
3.Using the wrong TDS rate
4.Deducting TDS on the wrong amount
5.Missing the TDS deduction timeline
6.Depositing TDS after the due date
7.Filing TDS returns with incorrect PAN details
8.Not reconciling TDS with Form 26AS / AIS
9.Issuing TDS certificates with incorrect details
10.Ignoring TDS defaults and notices
15/07/2026
π¨ Filing your Income Tax Return? Don't rush.
A small mistake today can become a big tax problem tomorrow.
Before submitting your ITR, make sure you:
β
Choose the correct ITR form
β
Verify your income details
β
Match your TDS with Form 26AS & AIS
β
Claim deductions correctly
β
Double-check bank account details
A few extra minutes of verification can save you from notices, penalties, and delayed refunds.
Need professional assistance with your Income Tax Return?
π Finwise Audit & Tax Advisory Pvt. Ltd.
π± +91 84280 48910
π www.finwiseaudit.in
File it right. Stay compliant. Stay stress-free.
13/07/2026
Profit doesn't always mean you have cash.
This is one of the biggest misconceptions in the construction industry.
A project may be profitable, but if customer payments are delayed while expenses continue, your business can still face cash shortages.
Understanding cash flow is just as important as understanding profit.
Ask yourself:
Are your customers paying on time?
Are you tracking your monthly cash inflows and outflows?
Can your business cover its daily expenses without financial stress?
A healthy business isn't just about making profitsβit's about managing cash effectively.
π¬ Have you ever experienced a cash flow problem despite making a profit? Share your thoughts below.
08/07/2026
πΌ Salary below βΉ12 Lakhs?
Don't assume you can skip filing your Income Tax Return (ITR)!
Many salaried employees believe:
β "No tax means no ITR."
But that's not always true.
Depending on your income, TDS, deductions, exemptions, foreign assets, or other financial transactions, you may still need to file your ITR.
β
Filing your ITR helps you:
β’ Claim TDS refunds
β’ Build a strong financial record
β’ Apply for loans and visas
β’ Stay compliant with Income Tax regulations
β’ Avoid future notices and penalties
π Remember:
No Tax β No ITR
Not sure whether you need to file?
π Contact Finwise Audit
π www.finwiseaudit.in
π¬ Comment "ITR" and we'll help you check your eligibility.
π Save this post and share it with someone earning below βΉ12 lakhs.
06/07/2026
π¨ Important Financial Rules Are Changing from July 1!
From salary updates to EPF, banking, credit card rules, and tax compliance, several important financial changes are coming into effect.
Staying informed today can help you avoid unnecessary surprises tomorrow.
Here's what you should watch for:
β
Salary Updates
β
EPF Changes
β
Credit Card Rules
β
Banking Updates
β
Tax & Financial Compliance
Whether you're a salaried employee, business owner, or freelancer, these updates could impact your finances.
π Save this post for future reference.
π€ Share it with someone who should know.
π¬ Which update would you like us to explain in detail? Let us know in the comments.
Need expert guidance?
π 84280 48910
π www.finwiseaudit.in