GST Registration Cancelled in Delhi? You’re Not Alone – Here’s How to Fight Back!
So, your GST registration got cancelled by the Delhi GST department? And not because you did something wrong – but because they think their job is to police businesses, not facilitate them? You’re not alone. Across Delhi, countless small business owners are fuming. And rightly so. You try to follow the law. You set up […]
Understanding Negative Income Under the Income Tax Act, 1961 (India)
Introduction When we think of income, we usually think of earnings—salary, business profits, rental income, or capital gains. But what happens when you incur a loss instead of making a profit? In tax terminology, this loss is referred to as “negative income.” While the phrase might sound contradictory, negative income plays an essential role in […]
How to File Your Income Tax Return for AY 2025-26: A Simple Guide to Maximize Refunds and Stay Stress-Free
It’s that time of year again—Income Tax Return (ITR) filing season! Whether you’re a salaried professional, freelancer, or small business owner, filing your return for the Assessment Year (AY) 2025–26 is not just a legal duty—it’s an opportunity to take control of your finances, claim deductions, and avoid penalties. In this blog, we break down […]
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, […]
Understanding GST for RWAs: What Every Housing Society Should Know
Understanding GST for RWAs: What Every Housing Society Should Know If you’re part of a housing society or managing one, you’ve probably heard about GST (Goods and Services Tax) and how it applies to Residential Welfare Associations (RWAs). But let’s be honest—GST rules can be confusing. At Manoj Prem & Associates, we’ve worked with several […]
Navigating India’s New Tax Landscape in 2025
Strategic Approaches for Business Growth and Compliance IntroductionAs India’s regulatory environment evolves, businesses face an increasingly complex tax landscape. With recent changes in tax laws and GST amendments, it has become imperative for companies to stay abreast of these developments to avoid pitfalls and optimize their financial strategies. In this blog, we delve into the […]
Understanding the Value of Chartered Accountants in Tax Planning
Understanding the Value of Chartered Accountants in Tax Planning Tax planning is a crucial aspect of financial management for individuals and businesses alike. Navigating the complexities of taxation requires expertise, strategic thinking, and compliance awareness. This is where Chartered Accountants (CAs) play a vital role. With their in-depth knowledge of tax laws, financial regulations, and […]
Startup Needs a Chartered Accountant
Why Every Startup Needs a Chartered Accountant Starting a business is exciting, but it comes with financial complexities that can make or break a startup. A Chartered Accountant (CA) plays a crucial role in ensuring financial stability, compliance, and growth. Here’s why every startup needs a CA: 1. Financial Planning & Strategy A CA helps […]
Why Small & Medium (SME) Businesses Need Proper Bookkeeping
Introduction For small and medium-sized businesses (SMEs), managing finances efficiently is crucial for growth and sustainability. Proper bookkeeping ensures accurate financial records, compliance with tax regulations, and informed decision-making. Yet, many SMEs overlook this critical aspect, leading to cash flow issues, legal complications, and business inefficiencies. Why Bookkeeping is Essential for SMEs 1. Financial Clarity […]