New Tax year Checklist! Things to check!

Published on 05-04-2026

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Starting a new financial year? 📅 Don’t miss this IMPORTANT Tax & GST Checklist for FY 2026–27!

Every business owner, accountant, and tax professional must review key compliance points at the beginning of the year to avoid notices and penalties.

🔍 In this video, we cover:

✅ Income Tax Checklist

✔ Check turnover for TDS applicability
✔ Verify Section 194Q applicability (₹10 Cr turnover limit)
✔ Update vendor compliance & TDS rates

✅ GST Checklist

✔ LUT (Letter of Undertaking) – Renewal for exporters
✔ E-invoicing applicability – Check latest turnover limits
✔ Invoice series reset for new financial year
✔ Review GST registrations & compliance status

⚠️ Why this is important?

Ignoring these checks can lead to:
❌ GST notices
❌ TDS defaults & penalties
❌ Compliance issues during audit

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