Enacted in 2015, the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act was introduced by the Indian Parliament to curb “black money”, particularly undisclosed foreign income and assets held by Indian residents. The Act primarily targets foreign income and assets that remain undisclosed to Indian tax authorities. Given the cross-border nature of black money, a robust legal and administrative framework is…
As the guardians of financial integrity, Chartered Accountancy (CA) firms hold a dual responsibility — delivering expert financial guidance while safeguarding highly sensitive client information. From financial statements and tax records to business contracts and customer databases, the data the firm manages is invaluable. If mishandled, it can lead to severe consequences for clients and cause lasting damage to a firm’s credibility and trustworthiness. Why…
As the year draws to a close, it’s the perfect time to pause, reflect, and assess the financial health of your business.
