Figment Global Solutions
Akshayanand Prabhakar Kanoje

Author

Akshayanand Prabhakar Kanoje

Taxation Strategy Advisor

Chartered Accountant with over 10 years of industry experience, with a professional focus on direct taxation. His role encompasses the full spectrum of direct tax matters, including tax compliance, advisory, statutory reporting, and the management of tax-related proceedings. He combines technical knowledge with a practical understanding of business requirements to help organisations address complex tax matters and meet their regulatory obligations. Through his blogs, he shares insights on direct taxation and legislative developments, making complex provisions clear and relevant to businesses and professionals.

Articles by Akshayanand Prabhakar Kanoje

Illustration of a portal window listing income tax notices, one highlighted under a magnifying glass, with the title How to Check Income Tax Notices
Notices3 min read

How to Check Income Tax Notices on the E-filing Portal, and for Many PANs at Once

Step by step: how to check an income tax notice on the e-filing portal, verify it is genuine, find the due date and reply, and how CA firms track many PANs.

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Faceless assessment process in income tax: notice, online reply and assessment order
Income Tax15 min read

Faceless Assessment Process in Income Tax: Notice, Reply, Procedure & Complete Guide (2026)

Learn the faceless assessment process in income tax for 2026, including notices, online replies, required documents, deadlines, procedure and FAQs.

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Choosing the TDS challan correction route on TRACES: Tax Year 2026-27 or FY 2025-26 and earlier
TDS4 min read

How to Correct a TDS Challan Online on TRACES: Wrong Minor Head, TAN or PAN

Fix a TDS challan paid under the wrong minor head, year, TAN or PAN on TRACES. Covers Tax Year 2026-27, FY 2025-26 and earlier, steps and correction statements.

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Section 43B(h) of the Income-tax Act 1961 mapped to Section 37(2)(g) of the Income-tax Act 2025
MSME4 min read

Section 43B(h) Is Now Section 37(2)(g): The MSME Payment Rule Under the Income-tax Act, 2025

Section 43B(h) moves to Section 37(2)(g) of the Income-tax Act, 2025 from tax year 2026-27. Which law applies to which year, Form 26 and a year-end checklist.

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Registration certificate, ID badge and a calendar turning forward, showing the new registration update date of 31 March 2027 for valuers and income-tax practitioners
Income Tax2 min read

Registered Valuers and Income-tax Practitioners: Deadline to Update Registration Extended to 31 March 2027

CBDT extends the deadline for existing valuers and income-tax practitioners to update their registration under sections 514 and 515 to 31 March 2027.

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Form 97 declarations moving into a secure server for filing Form 98, with the first due date of 31 October 2026
Income Tax3 min read

Form 98 Filing Procedure Notified: Statement of Form 97 Declarations Due by 31 October 2026

DGIT (Systems) notifies the Form 98 procedure for reporting Form 97 declarations. First statement due 31 Oct 2026, for declarations up to 30 September.

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Infographic of CBDT Notification 121/2026: who is covered, Schedule E details and filing steps for TDS on property bought from an NRI
TDS5 min read

No TAN Needed for TDS on Property Bought from NRIs: Form 141 Schedule E from 1 October 2026

From 1 October 2026, resident individuals and HUFs buying property from a non-resident can pay and report TDS using PAN in Form 141 Schedule E, without a TAN.

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Form 3CD Clause 22 and MSME compliance under the MSMED Act, Income-tax Act and Companies Act
MSME13 min read

Form 3CD Clause 22 and MSME Compliance After Notification 23/2025: The Complete Checklist

Form 3CD Clause 22 MSME reporting after Notification 23/2025: one checklist linking Section 43B(h), MSME Form 1, Schedule III and Udyam status.

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income-tax-notice-password
Income Tax3 min read

Income Tax Notice and Intimation PDF Password: How to Open It

Income Tax intimations and notices arrive as password-protected PDFs. The password is your PAN in lowercase plus your date of birth or incorporation (DDMMYYYY).

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Income tax notice triggers
Income Tax6 min read

Income Tax Notice Triggers: 15 Common Reasons the Department Sends a Notice

Most income tax notices are not random. The Income Tax Department matches what you report in your return against what banks, employers, registrars, mutual funds and other reporting entities report about you. When the two do not agree, or when a transaction looks out of line with your declared income

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