NRI Taxation Simplified: Filing Returns and Managing Income from India While Living Abroad
Relocating overseas does not usually signify that there’s a complete break from Indian tax liability. The NRIs often have property, investments, bank deposits or business interests in India and each of these has tax consequences beyond the scope of the change of residential status. However, a lot of NRIs make mistaken assumptions while filing taxes […]
Accounting Best Practices for Growing Businesses: Building Audit-Ready Books from Day One
In most growing enterprises, accounting got considered as a backroom job with sales, product and customers being in the focus. It’s all good until the business needs to raise capital, get a statutory audit, or answer a due diligence letter, and then the books are a real problem. These are almost invariably times when businesses […]
Company Registration in Bangalore: Pvt Ltd, LLP, or Sole Proprietorship
There’s a constant flow of new start-ups setting up in Bangalore every month and one of the first things that every startup founder has to decide is what kind of structure should they register under. The decision to opt for a Private Limited Company, Limited Liability Partnership or a Sole Proprietorship is not one that […]
Income Tax Planning for Salaried Professionals: Deductions Most People Miss
Many salaried individuals think that there are very few options for tax planning when they have fixed income as their employer reports the income directly. Many people get stuck on the well-known deductions like Section 80C investments, and maybe even their health insurance premiums, but fail to realise that there are other legitimate deductions that […]
5 Common GST Compliance Mistakes Small Businesses Make (and How to Avoid Them)
For small businesses, GST compliance is perceived as a monthly task that can be done in a hurry so they can focus on other tasks, such as operations, sales and growth. It’s a perfectly human reaction, but it is the same reaction that leads to the same mistakes happening over and over again. Most GST […]
GST Registration for First-Time Founders: A Step-by-Step Bangalore Guide
It takes its own kind of energy to start a business in Bangalore but somewhere between the finalisation of the idea and the first customer, GST registration is likely to come as a surprise for the first time entrepreneur. A lot of people think it only applies to when revenue is above a threshold, only […]