All You Need to Know About the Startup India Scheme
The Government of India has taken a bold leap in fostering innovation and entrepreneurship through the Startup India Scheme, launched in 2016. It aims to transform India into a nation
ITAT Ruling on NRI Taxation: Mutual Fund Capital Gains Not Taxable in India
In a significant ruling that offers major relief to Non-Resident Indians (NRIs), the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that capital gains from the sale
India’s Startup Boom: A Golden Opportunity for Entrepreneurs and Advisors Alike
India’s startup landscape is witnessing a historic surge — from IT to ice cream to infrastructure, innovation knows no bounds. As Chartered Accountants, it’s crucial to stay ahead of the
Buying a Car Before 31st March Saves Taxes – A Myth Explained
As the financial year-end approaches, many individuals and businesses rush to make last-minute investments to save taxes. One common misconception is that buying a car before 31st March can significantly
Choosing the Right Legal Structure for Charitable Activities: Public Charitable Trust vs. Section 8 Company
Setting up a charitable organization requires careful consideration of the legal structure best suited to achieving philanthropic goals. In India, two of the most common forms of charitable organizations are
Net Worth
In the world of finance and business, net worth serves as a key indicator of financial health and stability. Whether for individuals, businesses, or corporations, understanding net worth can provide
Filing of FC-4 Return and the Role of CA Certification
The FC-4 return is a critical compliance requirement under the Foreign Contribution (Regulation) Act (FCRA), 2010, applicable to organizations receiving foreign contributions in India. Chartered Accountants (CAs) play an essential
MTT Trade Transactions
In the dynamic world of international trade, businesses frequently engage in MTT (Merchanting Trade Transactions) to capitalize on global market opportunities. While MTT transactions offer lucrative prospects, they also come
Fund Transfer from NRO to NRE Account: A Complete Guide for NRIs
Non-Resident Indians (NRIs) often maintain both NRO (Non-Resident Ordinary) and NRE (Non-Resident External) bank accounts in India to manage their income and savings. While an NRO account is used for
Business Succession Planning: Continuing the Success of Your Business
In today’s globalized economy, foreign investments play a pivotal role in a nation’s growth and development. To regulate and monitor these investments, India has implemented the Foreign Exchange Management Act