GST in India is steadily moving toward a system-driven, automated compliance environment, where returns will be generated automatically and taxpayers will mainly review and confirm data instead of preparing or editing returns. In this evolving ecosystem, the accuracy and quality of the data you submit today will determine how seamless your GST compliance becomes tomorrow. 1. Automated Returns and the Direction GST Is Headed The…
In a significant move for India’s corporate landscape, the Ministry of Corporate Affairs (MCA) has again expanded the definition of a “Small Company” under the Companies Act, 2013. The revised thresholds — ₹10 crore paid-up capital and ₹100 crore turnover — mark a major step toward reducing compliance burdens for the country’s rapidly growing private companies. This update brings thousands of companies under a lighter…
On 13 November 2025, the Government of India officially notified the Digital Personal Data Protection Rules, 2025, signalling the full operationalisation of the DPDP Act, 2023. With this notification, the law moves from a policy framework to an enforceable compliance regime, activating several obligations immediately while assigning phased timelines for others over the next 12 to 18 months. For businesses processing personal data in India,…
As the calendar year draws to a close, this is the ideal time for organisations to review their key compliance areas and departmental processes. With 3–4 months still left before the end of the Indian financial year, companies can identify potential gaps or non-compliances and take timely corrective action. One critical area that calls for focused attention during this period is Payroll Processing. Conducting a…
Over the past few years, the Central Board of Direct Taxes (CBDT) has been making consistent and commendable efforts to introduce and upgrade various digital initiatives aimed at improving efficiency, transparency, and accountability within the income tax system. This initiative is a part of CBDT’s continuous endeavor to simplify compliance and enhance the taxpayer experience through digital empowerment. The department has been steadily integrating user-friendly…
Ever wondered whether your business truly needs an audit? For many small and mid-sized companies, the answer is no — but that doesn’t mean you should overlook professional financial reporting. Meet SRS 4410 (Revised) – the ICAI standard that powers a smarter, simpler, and more efficient way to present your financials through a Compilation Engagement. What Is SRS 4410 – and Why It Matters SRS…
India continues to make steady strides toward a more inclusive and transparent employment ecosystem. In its latest move to strengthen social security for the workforce, the Government of India has launched the Employees’ Enrolment Campaign, 2025 (EEC 2025) under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (EPF Act). This campaign, effective from 1 November 2025 to 30 April 2026, offers a one-time opportunity…
In today’s data-driven business environment, Excel is more than just a spreadsheet tool. It’s the backbone of analysis, reporting, forecasting, and decision-making. Whether you’re preparing client financials, compiling operational data, or summarizing project metrics, your Excel file is often the foundation on which key business choices are made. But in our rush to meet tight deadlines, it’s easy to fall into the trap of speed…
When you think of a Chief Financial Officer (CFO), what comes to mind? For most, its balance sheets, audits, or perhaps the tax department breathing down your neck. But in today’s business world—especially in India, where companies are navigating rapid growth, complex regulations, and global competition—the role of the CFO has become far more dynamic. A modern CFO wears multiple hats, each crucial to the…
In today’s interconnected economy, tax avoidance has become one of the most pressing concerns for governments, regulators, and global institutions. While multinational companies (MNCs) are expected to pursue efficiency and maximize shareholder value, governments rely on tax revenues to fund development, infrastructure, and welfare. This natural tension has given rise to increasingly sophisticated tax planning practices and equally complex countermeasures. Below are some key themes…
