Figment Global Solutions
Mukul Thukral

Author

Mukul Thukral

Squad Lead

CA Finalist with nearly eight years of professional experience in taxation, compliance, and financial reconciliation. His expertise spans direct tax compliance, TDS matters, statutory reporting, tax audit support, and reconciliation projects, complemented by approximately four years of experience in GST and indirect tax compliance. His role now also encompasses marketing, sales, and business development, combining his technical expertise with a practical understanding of business requirements and client needs. Through his blogs, Mukul shares clear, practical perspectives on taxation, regulatory developments, and technology-enabled compliance to help businesses and professionals navigate complex requirements with confidence.

Articles by Mukul Thukral

Bulk PAN verification dashboard showing deductee PANs marked valid, inoperative or invalid before TDS deduction
TDS9 min read

Bulk PAN Verification for TDS: Prevent Short-Deduction Defaults Under Section 397(2)

Bulk PAN verification for TDS: how invalid or inoperative PANs trigger 20% TDS under Section 206AA / 397(2), and a checklist to verify thousands of deductees.

Read article
TDS return online filing on TRACES for Forms 138, 140, 143 and 144 from Q2 Tax Year 2026-27
TDS5 min read

TDS Returns Can Now Be Filed Online on TRACES from Q2 of Tax Year 2026-27

TRACES now lets deductors file TDS/TCS returns (Forms 138, 140, 143, 144) online from Q2 of Tax Year 2026-27, without the e-filing portal or an FVU file.

Read article
How to check MSME status of a vendor: vendor master with verified MSME badges and a Udyam registration certificate with QR code
MSME6 min read

How to Check MSME Status of a Vendor or Company (2026 Guide)

MSME verification guide: how to check MSME status and verify a vendor by Udyam number, QR code or PAN, and what the result means for 43B(h).

Read article
Globe with a house, bank, gold and share icons moving into a declaration folder, for the Foreign Assets Disclosure Scheme 2026, declare by 31 December 2026
Income Tax3 min read

Foreign Assets of Small Taxpayers Disclosure Scheme 2026: Declare by 31 December 2026

CBDT notifies Foreign Assets of Small Taxpayers Disclosure Scheme 2026 rules. Declarations due 31 December 2026, in two slabs: up to ₹1 crore or ₹5 crore.

Read article
Bulk update of MSME vendor details showing Udyam status changes in a vendor master
MSME9 min read

How to Bulk Update MSME Details of Your Vendors (2026 Guide)

Verify MSME (Udyam) status of all your vendors in bulk by Udyam number or PAN, update your vendor master and ERP, and stay ready for 43B(h) and MSME Form 1.

Read article
Form 60 and 61 Are Now Form 97 and 98
Income Tax18 min read

Form 60 and 61 Are Now Form 97 and 98: What Reporting Entities Need to Change

Under the Income-tax Act, 2025, Form 60 has become Form 97 and Form 61 has become Form 98. Here is what to change before your next filing.

Read article
Traces overview
TDS4 min read

TRACES C Flag Removal: What TDS Return Filers Need to Know

Reported a transaction as PANNOTAVBL with TDS at 20% and a “C” flag? Before updating the PAN or correcting transaction/TDS values, check whether flag removal is required.

Read article
Compliance support

Need Help with Compliance?

Tell us which returns are hurting.

Our team will walk through it with you...