Is Interest Earned on an NRE Account Taxable in India? For Non-Resident Indians (NRIs), an NRE (Non-Resident External) Account is one of the most preferred banking options for managing income earned outside India. Apart from offering complete repatriability of funds, one of the biggest advantages of an NRE Account is the tax exemption available on […]
As global mobility increases, many Indian taxpayers earn income from overseas employment, foreign investments, rental properties, or hold bank accounts and financial assets outside India. While these opportunities bring financial benefits, they also come with additional tax reporting responsibilities under the Indian Income-tax Act. Failure to correctly disclose foreign income and overseas assets in your […]
Changing jobs can be a significant career milestone, but it can also make your Income Tax Return (ITR) filing more complicated. If you have worked with two or more employers during a financial year, overlooking certain tax implications can result in incorrect tax calculations, additional tax liability, notices from the Income Tax Department, or delayed […]
The Ministry of Corporate Affairs (MCA) has introduced an important amendment through the Companies (Registration Offices and Fees) Amendment Rules, 2026, bringing significant changes to the fee structure for filing DIR-3 KYC Web. This update directly impacts all directors holding a Director Identification Number (DIN), making timely compliance more critical than ever. What is DIR-3 […]
As the financial year 2025–26 draws to a close, businesses registered under the Goods and Services Tax (GST) should review certain statutory declarations and compliance options that must be exercised before the start of the next financial year. Many GST provisions operate on a financial-year basis, which means that taxpayers must exercise options or submit […]
Most firms have set up a war room to triage their immediate response to the crisis. But the lack of visibility around future demand complicates efforts to restart stalled portfolio companies…
As you all are aware that new GST registration applicants are required to go for Aadhar Authentication either through OTP verification or Biometric Authentication at a designated GST Suvidha Kendra (GSK), based on system-driven data analysis. However, in today’s era when the businesses are setting up across different states, specially in the time of e-commerce and quick-commerce, […]
With effect from 2nd November, 2018, the RoC has notified a major form to be filed post incorporation of the Company. Evert Company with share capital is required to file a declaration with the RoC about intimation of commencement of business within 180 days. Purpose INC-20A is a declaration filed by the directors to the […]