The Indian government has introduced Forms 15CA and 15CB to regulate foreign remittance reporting and ensure tax compliance under the Income-tax Act, 1961. These forms are crucial for individuals and businesses making cross-border payments. Filing these forms ensures tax liabi...

Micro, Small, and Medium Enterprises (MSMEs) are the backbone of India’s economy, driving innovation, job creation, and GDP growth. The Micro Small and Medium Enterprises Act (MSME Act 2006) has been instrumental in fostering their development. One of the most significant fina...

The Goods and Services Tax (GST) framework requires businesses to adhere to various compliance mandates, including the filing of annual returns through GSTR-9 and GSTR-9C. Despite their overlapping purposes, these forms serve distinct roles. This guide unravels the key differe...

In the current business environment, accurate financial statements are crucial for effective decision-making and ensuring financial stability. One of the key practices to achieve this is conducting receivable audits and obtaining external confirmations. These steps are essenti...

The Real Estate (Regulation and Development) Act (RERA) has been a game-changer in bringing transparency and accountability to the real estate sector. However, with these regulations come mandatory compliances that developers and promoters must adhere to. One such crucial comp...

For NRIs selling immovable property in India, navigating tax-related complexities, especially regarding Tax Deducted at Source (TDS), can be challenging. Applying for a Lower or NIL TDS Certificate provides an efficient solution to prevent excess tax deductions. J D Shah Assoc...