Income Tax Filing: Why Expert Guidance Matters More Than Ever
Income Tax Filing: Why Expert Guidance Matters More Than Ever As a Chartered Accountant with 25 years of experience in tax planning and compliance, I’ve seen firsthand how crucial proper income tax filing has become—especially in today’s dynamic financial landscape. With changing tax laws, increasing digitization, and stricter compliance checks, individuals and businesses alike can […]
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 […]
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 […]
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 […]
Why you should file your income tax return
We understand you may find filing for IT returns burdensome, especially if you are young and having not a permanent earing point and have barely filed a couple of IT returns. But its benefits are far more than the Expenses you pay to you consultant involved in filing it. Also, it is the duty of […]