We at #HSCo are excited to share the thrilling highlights and takeaways from our recent participation in GloPAC 2023 held at Gandhinagar, Gujarat from 24-26 November 2023. A heartfelt thank you to the #ICAI for orchestrating such a dynamic and insightful event that brought together minds from around the globe. Kudos to the GloPAC team for their meticulous planning and...
In the dynamic landscape of business, where uncertainties are the only constant, having a well-crafted budget is akin to possessing a roadmap for success. Budgeting is not merely a financial exercise; it's a strategic tool that empowers businesses to plan, allocate resources wisely, and navigate the challenges of today's ever-evolving market. Let's delve into the...
Since the deadline of November 30, 2023 looms for the financial year 2022-23, it is imperative for taxpayers to proactively take measures to ensure adherence to GST regulations governing Input Tax Credit (ITC). According to section 16(4) of the CGST Act, a taxable individual is ineligible to claim ITC for any invoice or debit note...
What is National Pension System – NPS? The National Pension System (NPS), launched by the Government of India for its citizens brings an attractive long-term savings avenue to facilitate effectively plan for retirement through safe and reasonable market-based returns. NPS is regulated and administered by the Pension Fund Regulatory and Development Authority (PFRDA), which is...
The currently followed Financial Year of April to March is a legacy left behind by the Britishers, which was a colonial system adopted by them in 1867 to align India’s financial system with the British Empire. James Wilson of East India Company introduced this concept of 1st April to 31st March as a Financial Year...
Usually without having a complete knowledge of the earnings and tax liability, we invest in different types of funds like Mutual Funds, Investment Funds, Securitization Funds, Business Trusts etc. To differentiate, earnings earned through mutual funds is categorized as normal income whereas earnings from business trusts, investment funds & securitization funds fall under the category...
Have you ever been daunted with a thought of an easy and friendly financial investment that would gleam as bright as gold! That would offer a hassle-free government backing and makes you earn interest?! Overwhelming, isn’t it? Yes, it’s the Sovereign Gold Bonds, a.k.a. SGBs – with which your wealth can shine even in uncertain...
For foreign businesses operating in India, repatriating the hard-earned profits and surplus funds can be taxing because of the many interconnected local and international laws and regulations that must be followed. These laws and regulations include the Companies Act, the Foreign Exchange Management Act, applicable income tax laws, Double Tax Avoidance Agreements, and transfer pricing...
Purchasing a house is one of the biggest investments that a person makes in his/her lifetime. Since it involves a huge sum of money, most people require financing to buy a home. In India, home loans are one of the most popular ways to finance a home purchase. However, before opting for a home loan,...
What is OIDAR? Online Information Database Access and Retrieval services, aka “OIDAR” is a category of services provided through the medium of internet and received by the recipient online without having any physical interface with the supplier of such services. For the service to be an OIDAR Service, both the below mentioned conditions need to...
