An attempt to explain the consequences of undisclosed foreign income and assets in Indian Income-tax returns

The e-Verification Scheme, 2021, heralds a new era of digital transformation in income tax verification. By harnessing the power of technology, it streamlines processes, enhances transparency, and accelerates decision-making.

Brief introduction of GST Audit by the Commissioner of GST and their officers

Liability of unregistered persons under GST Laws when they actually required to be registered but not done so.

All about special audit u/s 66 of CGST Act, 2017

Brief introduction of inspection, search and seizure provisions of GST laws

It is an attempt to educate the non filers of GST returns with consequences.

It is an attempt to create awareness to the readers as to the process of scrutiny under GST laws

Introduction to Index Funds in India

Introduction to the Transfer pricing under Income-tax Act,1961

This documents is aimed to educate the business owners with certain material consequences under GST, Income-tax and Company Law

Disallowances u/s 43B under Income-tax law on non-payment of dues to Micro & small entities within due date

Let's make some business concepts easier, specifically Section 89 of the Companies Act, so everyone can get it.

The Strategic Benefits of Outsourcing Accounting Functions to a CA Firm

Applying mindfulness in everyday life can significantly contribute to increased happiness and overall well-being.

As a Chartered Accountant (CA) with deadlines approaching and clients yet to provide details for filing Income Tax returns, it's natural to feel stressed

In this article, we will explore the expert advice provided by a Chartered Accountant on how to handle income tax notices effectively.

In this article, we will delve into what tax planning entails, how to achieve effective tax planning, and the crucial distinction between tax planning and tax evasion

In this article, we will explore the concept of working capital adjustments in Indian transfer pricing laws and delve into the guidance provided by OECD on this aspect.

This article gives an idea as to how a foreign parent company or holding company to entrust the services to a Virtual CFO in India.

This article will explore the key differences between a Virtual CFO and a normal accounts team with limited knowledge, high costs as salaries, and how Virtual CFO services can drive efficiency and success for foreign parent companies in India.

In this article, we explore the vital role of a 10-year experienced practicing CA in providing Virtual CFO services to foreign subsidiary companies in India

Mindfulness is a practice that involves bringing one's attention and awareness to the present moment.

To effectively combat fraud, it is essential to consider both the technical aspects of digital systems and the psychology of the individuals involved. In this article, we will explore how the scope of internal audit can be defined in a modern way, incorporating improved fraud detection techniques an

The internal audit function plays a crucial role in identifying and addressing revenue leakage, theft, pilferage, waste, and fraud within an organization. This article explains the basics of these aspects.

Income tax law provides an option to obtain a certificate from the Assessing Officer (AO) for lower deduction or nil deduction of TDS. This article is an attempt to explain the same.

It is essential for organizations to ensure the integrity, efficiency, and compliance of their expense management processes. By focusing on key risks and control weaknesses, this approach allows auditors to identify potential areas of fraud, waste, or non-compliance and provide recommendations for i

Risk-based internal audit of sales and services operations is a critical component of ensuring the effectiveness, efficiency, and compliance of these functions within an organization.

Operational audit of purchases operations plays a crucial role in ensuring the efficiency, effectiveness, and compliance of the procurement process within an organization.

This article is to provide in brief about what is Foreign Tax Credit (FTC) and its impact on taxation in India

In today's world manfulness is the only way to live our life. This article is an attempt to explain what is mindfulness an step by step method to adopt the same in work & life environments

This articles shows the debt trap and the missed opportunities

Real-Life Hurdles and the Consequences of Ignoring Precautions: Real Estate Investment and Housing Loans in India

To create awareness to the public, we have compiled this FAQs.

This article is meant for creating awareness to the public on investment in Gold

This article is an attempt to explain in brief as to the process of Financial success by building wealth

This article explores the transfer pricing issues specifically encountered by software companies in India, highlighting relevant case laws that have shaped the landscape of transfer pricing regulations in this industry.

This article is for the information as to the consequences and impact on undisclosed income

This article is an attempt to explain the comparability adjustments required under Indian Transfer Pricing (Income-Tax)

This article is an educational attempt to provide all about Corporate Social Responsibility (CSR) which are applicable to Corporates

This article is an attempt to create awareness to the public as to the Dormant Companies under Companies Act, 2013

This article is written to create awareness among the public as to the benefits of having PPF account both in tax saving and wealth making.

List of details and documents to be issued along with goods in transit under GST laws which could be verified by the proper officer by intercepting the vehicle.

This article is an attempt to explain present procedure in vehicle interception under GST laws to levy penalty u/s 129 of CGST Act

This article is for the information of companies having required to file DPT-3

Details and documents required for ITR filing for Individuals for FY 2022-23 (AY 2023-24)

Which individual persons are required to file Income-tax Return in India

This write up to to list out mandatory disclosure by Resident of India with respect to Foreign Assets & Income in the Income-tax Return

This article is an attempt to explain in brief the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

A Strategic Perspective for Multinational Companies

Implication of Section 206AB, 206CCA & 206AA

This blog attempts to explain in brief all the registers and records to be maintained under Companies Act, 2013 and consequences of non-compliances.

This article is an attempt to explain the need for Transfer pricing study and documentation under Indian Income-tax law

This is to update general public about upcoming statutory due dates for compliances under various laws and regulations in India for the financial year 2023-24

It is an attempt to explain the impact of The Prohibition of Benami Property Transaction Act., 1988 as amended by Benami Transactions (Prohibition) Amendment Act, 2016

It is about special Income-tax return filing opportunity available for late filers

Company law prescribes mandatory maintenance of edit log with effect from 01.04.2023 for all companies irrespective of any limits or exceptions

Who is called “person responsible for deduction” for the purpose of signing Form 16 under Income-tax law

This article is an attempt to explain changes made by Government of India in the maintenance and reporting of details and documentations by MNEs in India.

Benefits to first time home buyers

This article is an attempt to explain the benefits and exemption available in India for entities registered as Start up

All about Aadhaar PAN Linking

This blog is mean to support general public with updated due dates in Income-tax, GST Laws, Company law and FEMA in respect of various compliances.

Audit Trail to be recorded by every company using accounting software.

All in one statutory due date Table for Financial Year 2021-22

The Importer -Exporter Code (IEC) is a key identification number which is mandatory for Exports or Imports. No person shall make any import or export except under an IEC Number granted by the DGFT.

New TDS provisions introduced by Finance Act, 2021 for deduction of TDS on certain purchase transactions

IT Department stipulates consequences of non-linking of aadhaar with Income-tax PAN

Every 5 years your IT exemption expires

Special provision for TDS & TCS for non-filers of income-tax return

New tax regime to Individuals and HUFs

Residential Status under Income-tax Law and Foreign Exchange Management Act are different and the purpose of the same also different.

Finance Act 2020 has provided options to choose low rates for corporate Assessee.

Budget 2020 has amended the provisions of Sec 6 and the impact is to be understood in a proper manner to avoid tax issues.

e-Verify ITRs for the AY 2015-16 to AY 2019-20 on or before 30.09.2020

A scheme to file time barred / overdue e-Filing of Returns and Statements in MCA-21

Tax deduction on cash withdrawal

e-Commerce operator in India is now required to deduct tax at source when they make payments for supply of goods and services through the facility provided by them.

In order to force taxpayers to file GSTR-1, well before due date in each month/period, a restriction on claiming input tax credit on the side of goods & service receivers is introduced.

DIN Holders under Companies Act to update their KYC by 30th September

Annual Return on Foreign Liabilities and Assets (FLA)

How to get FDI in LLP

How to Design Salary Package!

Under Transfer Pricing provisions

Internal Audit

Getting notice from income-tax department becomes common today. Thanks to technological improvements and automated world of software coding.