Understanding Profit and Cash Flow in Business Survival

In financial reporting, profitability is often viewed as the primary measure of business success. However, from a professional perspective, profit alone does not guarantee financial stability or continuity. Many businesses report accounting profits while simultaneously facing liquidity constraints that hinder their ability to meet operational obligations. In extreme situations, such constraints may even lead to insolvency. This apparent contradiction stems from the fundamental distinction between…

Understanding Forms 145 & 146: From Familiar to Future-Ready

The evolution of India’s tax compliance framework under the Income-tax Act, 2025 and the Income-tax Rules, 2026 signals a decisive move toward greater digitization, standardization, and strengthened regulatory oversight. Traditionally, Forms 15CA and 15CB have played a pivotal role in governing foreign remittance compliance where Form 15CA served as a declaration by the remitter, and Form 15CB provided a Chartered Accountant’s certification on the taxability…

India’s New Tax Era Under the Income Tax Act, 2025

India is entering a transformative phase in its taxation journey, with the Income Tax Act, 2025 ushering in a more modern and streamlined regulatory framework. In an increasingly complex economic environment, tax systems must evolve not only to keep pace with change but to actively enable progress. India’s direct tax framework, shaped over decades through incremental amendments, has long required structural simplification to remain aligned…

Zero-Rated Supplies under GST Strengthened by Documentation Precision (Exports & SEZ Supplies)

In the GST framework, zero-rated supplies covering exports and supplies to SEZ units or developers under Section 16 of the IGST Act, offer significant tax advantages. These include the ability to supply under LUT without payment of tax and to claim refunds of accumulated ITC. However, these benefits are not automatic; they are entirely dependent on robust documentation. In practice, audit disputes seldom arise from…

Cyber Awareness Is Everyone’s Responsibility

In a world where every click can open a door to opportunity-or risk, cybersecurity has become a defining priority of the digital age, no longer confined to IT teams or banks but shared by every organization, every employee, and every interaction online. Recent events have highlighted the rapid rise of cyber fraud, phishing, identity theft, and data breaches across industries. From financial services and consulting…