Startup Compliance

Introduction The deadline for filing income tax returns varies based on the taxpayer’s profile, type of income, audit status, and applicable provisions. Therefore, taxpayers should identify their accurate filing category for definiteness with respect to due dates. The expression “ITR filing deadline October 31” is frequently sought after by taxpayers and business persons, as, historically,

Introduction A business valuation is essential to make financial decisions such as raising capital, issuance of shares, ownership restructuring, mergers and acquisitions and business succession. This is essential both for startups and established businesses. Professional valuations help make strategic decisions for a business. A valuation certificate for a startup can be very helpful, for instance,

It can be challenging for NRIs to manage their income, bank accounts, investments, and property in India, especially when they live abroad. NRIs may have questions like how is their income in India taxed, what is the difference between NRE and NRO accounts, what kind of documents are required to remit funds from India, etc.

Introduction While growing a business means increasing sales, growing a business also means knowing the language of numbers. A business owner should understand cash flow, margins, working capital, costs, taxation and financial risks to mention but a few to make the right business decisions. Opting for Virtual CFO services in Bangalore, which can act as

Introduction: Tax audit compliance requires more than just submitting a form. Those subject to tax audit need to ensure that their books of account, financial records, tax records and the prescribed disclosures are reviewed before finalization of the audit report. The Tax Audit Report Form 3CD provides specific information about the taxpayer’s business or profession

Introduction: We help businesses around Bengaluru merge, acquire or restructure their businesses. There are several reasons why businesses consider merging with or acquiring other businesses. The decisions could include a restructuring of business ownership, transfer of business divisions, raising capital through the introduction of investors, or preparing for the transfer of the business to the

Introduction  Agriculture and food processing sectors in India comprise farmers, producer organizations, food manufacturers, cold chain operators, micro food processing units, cooperatives, and other entities that add value to agriculture. Understanding agribusiness tax benefits is important for financial planning for businesses in these sectors. However, tax exemptions and government subsidies are not granted just because

Introduction  Enterprises with business operations spanning across borders would generally have related party transactions in respect of services and other items, including: management and technical services; royalty and other payments; loans and guarantees; imports and exports; and other such arrangements. Such transactions raise a number of important issues under the Indian Income-tax law. The application

Annual compliance is a mandatory requirement for all companies operating in India. There are filings, even if a company has limited operations during a financial year. ROC annual compliance requirements include submission of particulars and documents to the Registrar of Companies (ROC). There are two important forms pertaining to annual compliance, namely AOC-4 and MGT-7.

Effective financial controls enable businesses to more efficiently and effectively utilize resources, and reinforce compliance. As a company continues to evolve and grow, its financial processes become increasingly complicated and involve more employees, vendors, bank accounts, and software systems. An internal financial control audit helps to ensure effective oversight and examines how properly designed financial