Managing a business requires meticulous attention to numerical data, requiring constant monitoring to achieve success. As we step into 2024, let's talk about some important trends in accounting that business owners must pay attention to. Let’s discuss these trends, examine their impact on businesses and outline an actionable plan to maintain a competitive edge. Digital...
The establishment of Liaison Offices in India, along with nuanced considerations regarding Permanent Establishment, represents a comprehensive exploration of an integral aspect of international business. Liaison Offices in India: Building Bridges Across Borders In the dynamic and diverse landscape of the Indian market, Liaison Offices serve as invaluable instruments for foreign companies seeking to establish...
In an effort to enhance transparency, protect investor interests, and strengthen corporate governance, the Ministry of Corporate Affairs (MCA), on October 27, 2023, has introduced the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023 (PAS Amendment Rules). This amendment mandates private companies, excluding small companies, to facilitate the dematerialization of their existing securities...
The world of business is constantly evolving, and with it, the role of Chartered Accountants (CAs) is also changing. In today’s digital era, there is a growing demand for CAs to be equipped with advanced technological tools to provide better financial and advisory services to their clients. One such tool is Artificial Intelligence (AI), which...
In a world filled with constant distractions and information overload, developing a meaningful reading habit is more crucial than ever. Reading goes beyond mere entertainment and can be categorized into four major types: Reading for Professional use, Reading for Personal enjoyment and relaxation, Reading for General awareness and Reading that adds no value, often deemed...
Two sections necessitate the deduction of tax (TDS) / collection of tax (TCS) at higher rates when payments are made to specified persons who have not filed their income tax returns Two sections necessitate the deduction of tax (TDS) / collection of tax (TCS) at higher rates when payments are made to specified persons who...
With the dawn of the new year, the allure of New Year’s resolutions beckons, teasing change and self-improvement. In a recent Statista survey, saving more money ranked as the fourth most common resolution for 2023, with 39% of respondents aspiring towards this goal. Reducing living expenses wasn’t far behind, capturing 19% of the list. Yet,...
In an increasingly globalized world, businesses often engage with non-residents for various transactions, leading to cross-border financial dealings. When it comes to making payments to non-residents, understanding the income tax implications is crucial for both businesses and individuals. In this blog feature, we will deep dive into the aspects of payments to non-residents under the...
Certainly, you are not the only one who is thinking of scaling your business. Entrepreneurs are always looking for ways to grow their businesses. With so many options available, how do you know which is the right one for your business? Scaling a business is about making intelligent choices based on the past experience and...
Tax Due Diligence plays a pivotal role in ensuring that organizations make informed decisions in the dynamic world of business transactions. It goes beyond a mere financial audit, delving into the intricacies of a company's tax position. Let's explore how to conduct effective Tax Due Diligence and the crucial areas to cover in this process....
