Chartered account in delhi, tax consultancy in mumbai,tax consultant in india,foreign companies registration in india
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Showing posts with label Chartered accountant in India. Show all posts
Showing posts with label Chartered accountant in India. Show all posts
Since its introduction on 1 July 2017, the Goods and Services Tax has fundamentally transformed India's indirect tax landscape. What was promised as a simplified, unified tax system has evolved into a complex framework of multiple return forms, input tax credit conditions, e-invoicing mandates, and sector-specific notifications. For any business navigating this landscape, the guidance of a professional chartered accountant firm in India is indispensable.
Understanding India's GST framework
Definition: GST (Goods and Services Tax) is a comprehensive, multi-stage, destination-based tax levied on every value addition in the supply chain of goods and services. It subsumes multiple central and state indirect taxes including VAT, Service Tax, Central Excise, and Entry Tax.
India follows a dual GST structure — Central GST (CGST) and State GST (SGST) for intra-state transactions, and Integrated GST (IGST) for inter-state and import transactions. Businesses must register under GST if their annual turnover exceeds the prescribed threshold and must file multiple returns every month and year.
Key GST compliance obligations
GSTR-1: Monthly or quarterly return of outward supplies (sales). Due on the 11th of the following month for monthly filers.
GSTR-3B: Monthly summary return of both inward and outward supplies with tax payment. Due on the 20th of the following month.
GSTR-9: Annual GST return consolidating all monthly filings for the financial year.
GSTR-9C: Reconciliation statement and certification by a CA for businesses with turnover above ₹5 crore.
E-invoicing: Mandatory for businesses above the notified turnover threshold, requiring real-time upload of B2B invoices to the government's Invoice Registration Portal (IRP).
E-way bill: Required for movement of goods above ₹50,000 in value across state boundaries or within a state if prescribed.
Common GST mistakes that attract notices
Mismatch between GSTR-1 and GSTR-3B reported figures
Incorrect or excess input tax credit (ITC) claims
Non-reversal of ITC on exempt supplies or non-business use
Failure to reverse ITC when supplier does not file returns
Incorrect classification of goods or services under the wrong HSN/SAC code
Late filing resulting in interest and late fees
"GST compliance is not a one-time exercise — it is a continuous monthly discipline. A single mismatch between your GSTR-1 and GSTR-3B can trigger a scrutiny notice from the GST department."
How a CA firm manages GST compliance
A professional chartered accountant firm handles GST compliance as a structured, calendar-driven process:
Reviewing sales and purchase data for accuracy and completeness each month
Reconciling GSTR-2B (auto-populated ITC) with books of accounts before claiming credit
Filing GSTR-1 and GSTR-3B within statutory deadlines
Managing e-invoicing setup and IRN generation processes
Preparing annual GSTR-9 and reconciliation statements
Representing clients during GST audits, assessments, and adjudications
GST advisory beyond compliance
Beyond routine filings, CA firms provide strategic GST advisory that can significantly impact a business's cost structure. This includes classification advice to ensure the correct tax rate is applied, structuring business arrangements to optimise input tax credit eligibility, advising on the GST implications of new business lines or transactions, and obtaining advance rulings for certainty on complex issues.
Neeraj Bhagat & Co's GST practice
Neeraj Bhagat & Co has a dedicated GST practice team with deep expertise in compliance management, departmental representations, and GST advisory for businesses across sectors. Their end-to-end GST service covers registration, monthly filings, annual returns, audit support, and litigation assistance — giving clients complete peace of mind on all indirect tax matters.
Conclusion
GST compliance in India demands precision, consistency, and expert knowledge of an ever-changing regulatory framework. A trusted Chartered Accountant Firm in India like Neeraj Bhagat & Co ensures that your business meets every GST obligation accurately and on time — while proactively identifying opportunities to optimise your indirect tax position. With professional CA support, GST becomes a managed process rather than a monthly anxiety.
FAQs
Q1. Who is required to file GSTR-9C?
Businesses with an annual aggregate turnover exceeding ₹5 crore must file GSTR-9C, which includes a reconciliation statement certified by a Chartered Accountant or Cost Accountant.
Q2. What is the penalty for late GST filing?
Late fees are ₹50 per day (₹25 CGST + ₹25 SGST) for returns with tax liability, and ₹20 per day for nil returns, subject to a maximum cap per return.
Q3. Can a CA firm help respond to GST notices and demands?
Yes. CA firms like Neeraj Bhagat & Co prepare detailed replies to GST notices, appear before adjudicating authorities, and represent clients at the Appellate Authority and Tribunal levels.
Q4. What is input tax credit (ITC) and how do CA firms help maximise it?
ITC allows businesses to offset GST paid on purchases against their output GST liability. CA firms reconcile purchase records with GSTR-2B to ensure maximum legitimate ITC is claimed without risk of reversal.
Q5. Is e-invoicing mandatory for all businesses in India?
E-invoicing is currently mandatory for businesses with annual turnover above ₹5 crore. The threshold has been progressively lowered and is expected to apply to smaller businesses over time.
Managing finances effectively is essential for individuals, startups, and large organizations. Proper accounting practices, tax compliance, and financial planning are necessary to ensure stability and long-term growth. A Chartered Accountant in India provides professional expertise in financial reporting, taxation, auditing, and advisory services, helping businesses maintain compliance and make informed financial decisions.
With increasing regulatory requirements and evolving tax laws, professional accounting guidance has become more important than ever. Businesses and individuals seeking financial expertise often rely on a qualified Chartered Accountant in India to handle financial records, tax planning, compliance, and audit services.
Professional accounting services not only ensure compliance but also support strategic financial management, which plays a key role in business success.
What is a Chartered Accountant
A chartered accountant is a certified financial professional trained in accounting, auditing, taxation, and financial management. These professionals help organizations maintain accurate financial records and comply with regulatory requirements.
Key responsibilities include:
Preparing financial statements
Managing tax compliance and filings
Conducting audits and financial reviews
Advising businesses on financial strategies
Ensuring regulatory compliance
Chartered accountants are trusted advisors who assist businesses in maintaining financial transparency and efficiency.
Importance of Chartered Accountants in Financial Management
Financial management requires precision, planning, and compliance with legal frameworks. Chartered accountants play a crucial role in maintaining these standards.
Financial Planning and Analysis
Monitoring financial performance
Preparing financial forecasts
Evaluating business profitability
Compliance with Financial Regulations
Filing statutory returns
Maintaining accounting records
Ensuring regulatory compliance
Business Decision Support
Cost analysis
Investment planning
Risk management
Professional accounting support helps organizations make data-driven financial decisions.
Key Services Offered by Chartered Accountants
Chartered accountants provide a broad range of financial services for businesses and individuals.
Accounting and Bookkeeping
Accurate accounting ensures financial clarity.
Recording financial transactions
Preparing profit and loss statements
Maintaining balance sheets
Taxation Services
Tax laws are complex and require professional handling.
Income tax return filing
Tax planning strategies
GST compliance and reporting
Audit Services
Audits verify the accuracy of financial records.
Statutory audits
Internal audits
Compliance audits
Financial Advisory
Strategic financial advice supports business growth.
Financial planning
Investment guidance
Risk management strategies
These services ensure that businesses maintain financial discipline and compliance.
Benefits of Hiring a Chartered Accountant
Hiring a professional accountant offers numerous advantages.
Improved Financial Accuracy
Error-free financial reporting
Organized bookkeeping systems
Accurate financial statements
Efficient Tax Management
Identification of tax deductions
Compliance with tax regulations
Optimized tax planning
Regulatory Compliance
Proper statutory filings
Compliance with financial laws
Reduced risk of penalties
Business Growth Support
Strategic financial advice
Budget planning
Performance analysis
Professional accounting services contribute significantly to sustainable business growth.
Chartered Accountant Services for Small Businesses
Small businesses often lack dedicated financial departments, making professional accounting services essential.
Financial Record Management
Maintaining accurate books of accounts
Tracking expenses and revenue
Preparing financial reports
Tax Compliance Support
Filing income tax returns
Managing GST compliance
Handling tax notices and assessments
Financial Planning for Growth
Budget planning
Profitability analysis
Expansion planning
Chartered accountants help small businesses maintain financial stability and compliance.
Role of Chartered Accountants in Tax Compliance
Tax compliance is one of the most critical areas of financial management. Chartered accountants help ensure accurate tax calculations and timely filings.
Key tax-related services include:
Income tax return preparation
Tax liability assessment
Tax planning strategies
Representation during tax assessments
Professional guidance ensures compliance with tax regulations while minimizing tax liabilities.
Importance of Audit and Financial Review
Audits are essential for maintaining financial transparency and credibility.
Types of Audits Conducted
Statutory audit
Internal audit
Tax audit
Benefits of Auditing
Verification of financial records
Detection of financial irregularities
Increased credibility among stakeholders
Regular audits improve financial accountability and operational efficiency.
Strategic Financial Advisory for Businesses
Beyond compliance and accounting, chartered accountants provide strategic advisory services.
Financial Strategy Development
Business performance analysis
Financial restructuring
Investment evaluation
Risk Management
Identifying financial risks
Implementing risk control measures
Monitoring financial performance
Strategic financial planning helps businesses make informed decisions and achieve sustainable growth.
Technology and Modern Accounting Practices
Digital technology has transformed accounting services. Chartered accountants now use advanced tools to enhance efficiency.
Digital Accounting Systems
Cloud-based accounting platforms
Real-time financial reporting
Secure financial data storage
Automation in Accounting
Automated bookkeeping processes
Faster tax calculations
Reduced manual errors
Technology improves the accuracy and efficiency of financial management systems.
How Chartered Accountants Support Business Expansion
Growing businesses require financial planning and structured strategies.
Chartered accountants assist in:
Financial feasibility analysis
Investment planning and funding strategies
Budget management for expansion
Risk assessment and financial forecasting
Professional financial guidance ensures that business expansion is supported by strong financial planning.
Choosing the Right Chartered Accountant
Selecting a qualified chartered accountant is essential for effective financial management.
Important factors to consider include:
Professional qualifications and experience
Expertise in taxation and compliance
Industry knowledge
Ability to provide financial advisory services
Strong communication and analytical skills
The right financial professional can significantly improve business financial performance.
Conclusion
Chartered accountants play a vital role in maintaining financial discipline, regulatory compliance, and strategic growth for businesses. From accounting and taxation to auditing and financial advisory, these professionals provide essential services that help organizations manage their finances efficiently.
With the increasing complexity of financial regulations and tax systems, professional accounting expertise has become indispensable for businesses of all sizes. Working with a qualified chartered accountant ensures accurate financial reporting, effective tax planning, and informed financial decision-making.
By leveraging professional financial expertise, businesses can strengthen their financial foundation and focus on achieving long-term growth and stability.
FAQ
Q1 What is a chartered accountant in India A chartered accountant is a certified financial professional who provides services related to accounting, taxation, auditing, and financial advisory for businesses and individuals.
Q2 What services do chartered accountants provide They provide accounting, bookkeeping, tax planning, income tax filing, GST compliance, auditing, and financial advisory services.
Q3 Why do businesses hire chartered accountants Businesses hire chartered accountants to maintain financial records, comply with tax regulations, conduct audits, and develop financial strategies.
Q4 Can individuals benefit from chartered accountant services Yes, individuals often consult chartered accountants for tax planning, income tax return filing, and financial advisory services.
Q5 What is the role of a chartered accountant in tax compliance Chartered accountants ensure accurate tax calculations, identify eligible deductions, and file tax returns while complying with applicable tax laws.
Q6 How do chartered accountants help startups They assist startups with financial planning, compliance management, accounting systems, and tax registration processes.
Q7 How can someone choose the right chartered accountant The selection should be based on qualifications, experience, expertise in financial regulations, and ability to provide strategic financial advice.
Every business, whether small, medium, or large, needs proper financial management to sustain and grow. Partnering with a professional Chartered Accountant firm ensures that your organization not only stays compliant but also optimizes its resources effectively. These firms go beyond basic accounting to provide a wide range of services tailored to business needs.
Core Services of a Chartered Accountant Firm
1. Taxation Services
CA firms help businesses plan and manage their taxes efficiently. From preparing returns to advising on tax-saving opportunities, they ensure compliance with local and international tax laws.
2. Audit & Assurance
Auditing services improve transparency and build stakeholder trust. A Chartered Accountant firm conducts statutory, internal, and compliance audits to ensure accurate financial reporting.
3. Financial Advisory
From investment planning to mergers and acquisitions, CA firms provide insights that guide long-term financial decisions.
4. Risk Management
They assess potential risks, identify loopholes, and suggest practical solutions to safeguard the business against financial and compliance issues.
5. Company Formation & Compliance
A CA firm assists startups and entrepreneurs in setting up their businesses, registering under appropriate laws, and ensuring ongoing compliance.
6. GST & Indirect Tax Advisory
Navigating India’s GST regime can be challenging. Chartered Accountants help file returns, manage input credits, and resolve disputes.
Importance of Partnering with a Chartered Accountant Firm
Saves time and reduces operational burden
Minimizes risks of penalties due to non-compliance
Provides financial clarity for better decision-making
Offers cost-effective solutions compared to in-house teams
Conclusion
A Chartered Accountant firm provides end-to-end financial and compliance support that every business requires. Their expertise ensures smooth operations, financial efficiency, and risk-free growth. By leveraging their services, companies can focus on scaling their core operations with confidence.
FAQs
Q1: What types of businesses need Chartered Accountant firms?
All businesses—from startups to corporates—benefit from professional CA services.
Q2: Do CA firms help with GST compliance?
Yes, they assist with GST registration, filing, and dispute resolution.
Q3: Can a Chartered Accountant firm provide business strategy advice?
Yes, many firms specialize in financial advisory and growth planning.
Q4: Are auditing services mandatory for all companies?
It depends on the size and structure of the company, but statutory audits are mandatory for many registered entities.
Q5: How do CA firms reduce financial risks?
By monitoring compliance, conducting audits, and identifying gaps in financial systems.
With the Indian capital market becoming more digitized and regulated, the dematerialization of shares in India has become a non-negotiable step for any investor. Gone are the days of dealing with fragile paper share certificates, delayed settlements, and fraud risks. Today, a demat account is not just a convenience—it's a necessity for safe, fast, and compliant investing. In this blog, we explore why dematerialization is essential for modern investors and how it can simplify your investment journey.
Eliminating the Hassles of Physical Shareholding
Physical share certificates pose many challenges that dematerialization eliminates. These issues include:
Risk of damage, theft, or loss of certificates
Complicated procedures for transfer and endorsement
Delays in receiving dividends and bonus shares
Difficulty in verifying ownership and history of transfers
Time-consuming communication with registrars and companies
Simplifying the Process of Buying and Selling Shares
With shares in demat form, trading becomes significantly more efficient:
Instant credit of shares after purchase or sale
Seamless integration with online brokerage platforms
Faster settlement cycles under T+1 or T+2 norms
Reduced paperwork and no physical delivery required
Better monitoring of portfolio via digital dashboards
Ensuring Better Compliance and Transparency
Dematerialization is aligned with the goals of regulatory authorities like SEBI. For investors, this means:
Clear audit trail of all share transactions
Automatic credit of dividends and interest to bank accounts
Timely receipt of shareholder communications and disclosures
Easy fulfillment of KYC and PAN requirements
Safer records maintained with regulated depositories
Accessing Corporate Benefits with Ease (Paragraph Style)
Corporate actions like rights issues, bonus shares, stock splits, and dividends become easier to manage with dematerialized shares. There’s no need to track physical records or submit documents—benefits are credited directly to your demat or linked bank account. Investors no longer miss out on these entitlements due to outdated contact details or lost certificates, ensuring smoother participation in company growth.
Future-Proofing Your Investments
With the market shifting entirely to digital modes, dematerialized shares prepare investors for the future by:
Meeting eligibility for IPO applications through ASBA
Enabling quick share pledging for loans or margin trading
Simplifying estate planning with joint or nominee facilities
Ensuring easier transmission of shares to legal heirs
Staying aligned with upcoming regulatory reforms and tech platforms
Conclusion
The dematerialization of shares in India is a game-changer for retail and institutional investors alike. It brings safety, speed, and efficiency to equity ownership while enabling compliance with evolving regulations. If you still hold physical shares, converting them is a smart step toward becoming a future-ready investor.
Frequently Asked Questions (FAQs)
Q1. Do I need a demat account for mutual funds? While not mandatory, holding mutual funds in a demat account allows for consolidated tracking. It's essential for stocks, though.
Q2. Can NRIs also dematerialize shares in India? Yes, NRIs can open NRI demat accounts (NRO/NRE) and dematerialize Indian shares through authorized DPs.
Q3. What happens if I lose my physical share certificate before dematerialization? You’ll need to request a duplicate certificate from the company’s registrar before starting the demat process.
Q4. Is it safe to store shares in electronic form? Yes, depositories like NSDL and CDSL are regulated by SEBI and offer robust data security.
Q5. How do I know if my shares are already dematerialized? You can log in to your demat account or contact your DP to check the holdings and their format.
Expanding into India’s vibrant and growing market offers immense opportunities for global investors, but understanding the intricacies of foreign investment approvals is crucial before committing capital. These approvals ensure that investments comply with India’s regulatory framework, protect sensitive sectors, and support the country’s broader economic goals. Whether you’re a multinational company or an individual investor, navigating this process with clarity is key to a smooth market entry.
What Are Foreign Investment Approvals?
Foreign investment approvals refer to the legal process by which foreign investors receive clearance to invest in Indian companies. India has created two primary channels for these investments:
Automatic Route: No prior approval is needed, only post-investment compliance with reporting to the Reserve Bank of India (RBI).
Government Route: Prior permission is required from specific government departments, especially when investing in restricted or sensitive sectors.
Why India Requires Foreign Investment Approvals
India’s economy is open to foreign investment, but not without oversight. The country uses approvals to monitor capital inflow, maintain control over strategic industries, and prevent risks to national security. Certain sectors—such as defense, telecom, media, and aviation—require additional scrutiny to ensure foreign involvement aligns with India’s interests.
Key Sectors That Require Government Approval
If your investment is in one of the following sectors, you will likely need approval through the government route:
Defense production
Broadcasting and print media
Satellite and telecom services
Pharmaceuticals (in specific cases)
Civil aviation (certain segments)
Real estate and infrastructure development
Steps to Obtain Foreign Investment Approvals
Understanding the procedure for securing foreign investment approvals will save you time and prevent delays. Here’s a simplified outline:
Determine the Route: Verify if your investment qualifies for the automatic route or requires government approval.
Submit Application via FIFP: For the government route, use the Foreign Investment Facilitation Portal (FIFP) managed by DPIIT.
Prepare Supporting Documents: This includes company background, financials, investor details, board approvals, and sector-specific data.
Government Review: The concerned ministry assesses the application. They may request clarification or additional documentation.
Approval or Rejection: Based on the review, the government grants approval or provides a reason for denial.
Essential Documents Required
Before applying, ensure you have:
Business plan and investment details
Passport and credentials of foreign investor(s)
Incorporation documents of both entities
Audited financial statements
Sector-specific regulatory declarations
Shareholding structure and funding sources
Benefits of Receiving Foreign Investment Approvals
Legal assurance and compliance with Indian laws
Access to regulated and high-return sectors
Eligibility for incentives and subsidies
Smooth profit repatriation
Better reputation with financial institutions and partners
FAQs About Foreign Investment Approvals
Q1. What is the difference between automatic and government routes?
The automatic route does not require prior approval, while the government route requires consent from relevant ministries.
Q2. How can I apply for government route investment in India?
Applications must be submitted online via the Foreign Investment Facilitation Portal
Q3. How long does the approval process take?
Typically, it takes 6–10 weeks, depending on sector complexity and documentation accuracy.
Q4. Can investments be made without approval in any sector?
Yes, many sectors allow 100% FDI under the automatic route. However, investors must still report to the RBI post-investment.
Q5. Are there foreign ownership limits in Indian companies?
Yes, depending on the sector. Limits can range from 26% to 100%.
Final Thoughts
Getting foreign investment approvals in India is not as daunting as it seems—especially if you follow the right steps and remain well-informed. With proactive planning, accurate paperwork, and expert guidance, investors can seamlessly establish their footprint in one of the world’s most promising markets. India welcomes foreign capital, and understanding its approval framework is your first step toward success.
Are you living and working in a foreign country? Then understanding expats taxation is not just important—it’s essential. Many expatriates mistakenly believe that relocating abroad exempts them from taxes in their home country. The truth is, your financial responsibilities may have only gotten more complicated.
Whether you're an employee, freelancer, or entrepreneur overseas, taxation laws apply depending on your citizenship, residency status, income source, and the tax laws of both countries. Let’s simplify the key concepts of expats taxation so you can stay compliant and financially secure.
The Importance of Knowing Expats Taxation Rules
Paying taxes is a global obligation. Failing to understand expats taxation can result in:
Legal penalties or audits
Double taxation on your income
Missed opportunities for deductions or exemptions
Financial stress during tax season
Key Challenges in Expats Taxation
When you’re earning in a different country, here are the common issues you may face:
Double Taxation: You may be taxed by both your home and host countries on the same income.
Unclear Residency Status: Different countries have different rules for determining tax residency.
Global Income Reporting: Many countries require expats to report all global income, not just local.
Foreign Bank Account Reporting (FBAR): Some jurisdictions mandate reporting of overseas bank accounts.
Social Security Payments: Depending on your country’s agreements, you may have to contribute to social security abroad or at home.
Understanding the Essentials
1. Tax Residency
Residency status is often defined by how many days you spend in a particular country. For instance, in India, staying over 182 days can make you a tax resident.
2. Income Types
Expats may earn from employment, business, real estate, or investments. Each income type may have different tax rules.
3. Tax Treaties
Countries often have Double Taxation Avoidance Agreements (DTAAs) to prevent taxing the same income twice.
4. Foreign Tax Credit (FTC)
You can claim credit in your home country for taxes paid abroad—this reduces your tax liability.
5. Deductions and Exemptions
Certain deductions like housing allowances or education costs may apply to expats.
Best Practices for Managing Expats Taxation
Here are some practical ways to stay tax-compliant while living abroad:
Hire a tax consultant: An expert can help you navigate dual taxation, credits, and deadlines.
File returns on time: Even if you owe nothing, reporting is often mandatory.
Maintain detailed records: This includes income sources, dates abroad, and proof of taxes paid.
Use online tools: Digital software designed for expats simplifies the process.
Stay informed: Tax regulations can change. Regular updates are necessary.
FAQs on Expats Taxation
Q1: Can I be taxed in both countries?
Yes, but tax treaties and credits often help reduce or avoid double taxation.
Q2: What happens if I don’t file my expat tax return?
You could face fines, interest, and legal consequences.
Q3: Are foreign bank accounts reportable?
Yes, in many countries including the U.S., foreign accounts over a certain limit must be reported.
Q4: Do I qualify for any exclusions?
You might be eligible for foreign income or housing exclusions, depending on your host country.
Q5: Do I need to file even if I earn below the threshold?
Some countries still require filing even if your income is low or zero.
Final Thoughts
Living abroad brings exciting opportunities, but don’t let taxes become a burden. Expats taxation doesn’t have to be stressful if you’re prepared and informed. With proper guidance and timely action, you can manage your tax responsibilities easily—no matter where in the world you are.
If you're looking to streamline your finances and stay compliant with tax laws, investing in direct tax consultancy in India is a wise decision. Whether you're a salaried individual, business owner, or NRI, professional consultants can help you manage your tax liabilities with clarity and confidence.
What Are Direct Taxes?
Direct taxes are those levied directly on a person or entity’s income or profits. These include:
Income Tax – on personal and business income
Corporate Tax – on company profits
Capital Gains Tax – on the sale of assets like property or stocks
Dividend Distribution Tax – now paid by shareholders
MAT – for companies with book profits but low taxable income
These taxes are paid directly to the government, and any mismanagement can result in penalties and financial stress.
Why Direct Tax Consultancy is Important
1. Legal Compliance Made Easy
India’s tax laws are vast and frequently updated. Expert consultants ensure that your filings, audits, and documentation are accurate and submitted on time.
2. Custom-Tailored Tax Planning
Professionals offering direct tax consultancy in India analyze your income, business structure, and financial goals to suggest strategies that reduce your tax burden while remaining fully compliant with the law.
3. Dispute Management and Representation
If you receive a tax notice or face an assessment, a consultant will represent your case before the Income Tax Department, helping you respond correctly and avoid penalties.
Core Services Offered
When you opt for a direct tax consultant, you can expect the following services:
Preparation and filing of income tax returns (ITR)
Computation of advance tax and MAT
TDS compliance and reconciliation
Litigation support for tax appeals and disputes
Advisory on capital gains and investments
International taxation and transfer pricing documentation
Who Needs These Services?
The need for professional tax assistance goes beyond large corporations. You should consider hiring a tax consultant if you are:
A salaried individual with multiple income sources
A small business or startup
An NRI with Indian income
A company with complex tax structures
An investor with significant capital gains
How to Choose the Right Tax Consultant
Before hiring a firm for direct tax consultancy in India, consider:
Industry expertise and experience
Reviews from previous clients
Service scope and flexibility
Responsiveness and transparency in communication
Compliance with data security and confidentiality norms
Conclusion
Navigating India’s direct tax system can be overwhelming without the right support. That’s where direct tax consultancy in India makes all the difference—providing tailored advice, ensuring compliance, and helping you avoid costly mistakes. With an expert by your side, you can focus more on business growth and less on tax worries.
The Securities and Exchange Board of India (Sebi) may soon bring in a slew of changes to make it attractive for startups to list on the bourses.
Among other things, the regulator may broaden the definition of startups to include non-tech companies and allow them to list directly on the main board of stock exchanges under a separate segment.
The changes are part of the proposals prepared by a Sebi-appointed panel to revive startup listings. The regulator is expected to take a final call on these proposals later this month.
The regulatory framework for institutional trading platform (ITP) was announced on August 14, 2015, to enable listing of new-age and technologically-intensive companies in sectors such as e-commerce, data analytics and bio- and nano-technology. Subsequently, Sebi came up with recommendations to make the platform more accessible via a discussion paper on July 29, 2016.
MCA eases process for incorporation of LLPs; specifies new forms ‘RUN-LLP’ and FiLLiP
Ministry of Corporate Affairs (MCA) has notified amendment to the Limited Liability Partnership Rules, 2009 wherein process of incorporation of LLPs and reservation of their name have been amended in order to ease of doing business. Under revised norms, a new web based form ‘RUN-LLP’ has been introduced through which names of a LLP can be reserved without digital signature and Designated Partner Identification Number (DPIN). This form is very much similar to RUN web service reservation of name in case of companies. In this form, only two name can be proposed at single point of time and one resubmission is also allowed for reservation of name. In total, 4 names can be proposed.
Now, Shareholders are free to decide managerial remuneration – A big relief to companies
The Ministry of Corporate Affairs has done away with the mandatory approval from the Central Govt. for payment of managerial remuneration to top executives which means they can receive salary in excess of 11 per cent of net profit of a company. Now, the decision for payment of excess salary to top executives will be approved by the shareholders through special resolution.
RBI Eases Norms For Overseas Fundraising
The Reserve Bank eased norms for companies in the manufacturing sector to raise overseas funds and allowed Indian banks to market masala bonds in-line with the government’s measures to prop up the rupee.
Following a review of the economy by Prime Minister Narendra Modi last week, the government announced an array of measures to check the decline of rupee and curb the widening current account deficit. Liberalisation of the external commercial borrowing norms was among other measures announced by the government.
“It has been decided, in consultation with the government, to liberalise some aspects of the ECB policy including policy on rupee denominated bonds (Masala Bonds)…,” RBI said in a notification. As per the revised policy, eligible ECB borrowers in the manufacturing sector, will be allowed to raise up to $50 million or its equivalent with a minimum average maturity period of 1 year. Earlier the average minimum maturity period was three years.
Sebi to Review Proposed New Norms for FPI Investments
The Securities and Exchange Board of India (Sebi) said it would review the norms on foreign portfolio investors and take a holistic view.
“The working group has heard various stakeholders, has held consultations and is in the process of giving its recommendations. Ministry of Finance, Government of India has also been consulted on various issues. Based on these inputs, Sebi would review the matter and shortly take a holistic view,” Sebi said in a statement which was posted on its website.
The regulator has formed a committee to review foreign portfolio investors norms under the chairmanship of HR Khan, former deputy governor of Reserve Bank of India.
Sebi likely to approve commodity trading by foreign entities soon
With an aim to deepen the commodity derivatives market, regulator Sebi’s board is likely to approve a proposal to allow trading in this segment by foreign entities with exposure to the Indian physical commodity market.
Such foreign entities may be allowed to hedge their exposures with derivatives trading in all commodities traded on Indian exchanges, barring the sensitive commodities.
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