đź“„ ITR Forms for AY 2025-26 Are Out: Which One Should You File?
As the financial year ends and the tax season begins, the Income Tax Department has released the ITR forms for Assessment Year 2025-26. Timely filing of your Income Tax Return (ITR) is more than a legal obligation — it’s a crucial step toward financial discipline, smooth refunds, and avoiding unnecessary tax notices. 🔍 What’s New […]
The Ultimate Guide to Bookkeeping for Small Business Owners: Tax Compliance Made Simple
Running a small business is an exhilarating journey, but one of the most overlooked yet critical aspects of staying legally and financially secure is *bookkeeping. If you’re a small business owner just starting out, proper bookkeeping isn’t just about balancing your books—it’s about *protecting your business from tax penalties, ensuring smooth audits, and staying compliant […]
Why Global Businesses Are Choosing India for Finance Outsourcing: GST Optimization, FEMA Compliance & More
Why Global Businesses Are Choosing India for Finance Outsourcing: GST Optimization, FEMA Compliance & More In today’s hyper-connected world, international companies are constantly seeking ways to streamline operations, reduce costs, and maintain strict compliance with host-country regulations. India—already hailed as the “back-office of the world”—has emerged as a premier destination for finance outsourcing, IT-enabled services, […]
SME IPO: A Powerful Growth Strategy for Emerging Businesses
SME IPO: A Powerful Growth Strategy for Emerging Businesses In today’s competitive business landscape, access to capital is more than just a financial need—it’s a strategic necessity. For Small and Medium Enterprises (SMEs), tapping into public markets through an SME IPO can be a game-changer. As a Chartered Accountant practicing under Manoj Prem and Associates, […]
Mastering Section 194Q: A Comprehensive Guide to TDS on High-Value Goods Purchases
In an effort to enhance tax compliance and transparency in high-value transactions, the Indian government introduced Section 194Q into the Income Tax Act, effective from July 1, 2021. This provision mandates that certain buyers deduct Tax Deducted at Source (TDS) when purchasing goods exceeding a specified threshold. Understanding the nuances of Section 194Q is crucial […]