Startups often grow rapidly, but documentation and compliance don’t always keep up. As a result, during due diligence—whether for funding, acquisition, or compliance checks—several issues routinely surface. These problems are usually avoidable but continue to persist due to lack of formal systems in place.
The Income Tax Return (ITR) filing for FY 2024–25 now mandates an active Aadhaar number. Learn why Aadhaar-PAN linking is crucial, who is exempt, and how to link your documents to avoid an inoperative PAN and filing issues.
Understand AIS and TIS on the Income Tax portal. Learn why these detailed financial statements are crucial for accurate ITR filing and avoiding discrepancies.
To facilitate ease of fundraising and to promote entrepreneurship, the Government has introduced specific exemptions for DPIIT-recognised startups from the rigors of Section 56(2) (viib). This article explains the significance of this exemption and why it is crucial for startups in India.
This article discusses whether TDS applies to CSR Expenses, under which sections and how Companies can stay compliant.
File LLP Form 11 for FY 2024-25 by 30th May 2025 to avoid ₹100 daily penalties. Learn about the filing process, common mistakes, and mandatory requirements.
CBDT introduces AI/ML for ITR scrutiny selection. Automated risk scoring based on data mismatches demands greater accuracy from taxpayers and CAs.
If you’ve worked with companies or directors, you’d know that becoming a director isn’t always straightforward. Section 164 of the Companies Act, 2013 plays a key role in deciding who can and who cannot be a director.
The Finance Act, 2025 has introduced several noteworthy changes to the Tax Deducted at Source (TDS) framework under the Income Tax Act, 1961, with the intent to ease compliance and reduce the administrative burden on businesses and tax professionals. Effective from April 1, 2025, these amendments are particularly significant and this article highlights the major TDS-related amendments and their implications.
As the new financial year begins, individual taxpayers must take note of several important amendments in the Income Tax Act that come into force from 1st April 2025. These changes are primarily aimed at reducing the tax burden for middle-class earners while also encouraging more individuals to adopt the simplified new tax regime.