CFO services refer to the services that are essential in supporting businesses with critical financial activities like sales target calculations, cost and profit analysis of different business divisions, creating budgeted cash flows, gathering precise data, and establishing effective internal controls. CFOs work closely with management to enhance both strategic priorities and operational efficiencies, utilizing a […]
Why 18% on Caramel Popcorn and 5% on Salted? In a nation as diverse as India, where taxes are often debated as much as cricket scores, the Goods and Services Tax (GST) has been at the center of attention ever since its implementation in July 2017. While GST was heralded as a game-changer for simplifying
What is an Income Tax Return (ITR)? An Income Tax Return (ITR) is a document you use to report your income, deductions, exemptions, and taxes paid to the Income Tax Department of India. Simply put, it’s how you provide your income information to the government in a transparent and compliant way. Is Filing ITR Mandatory?
What is Hindu Undivided Family? A Hindu Undivided Family (HUF) is a legal entity in India that offers several tax benefits and financial advantages. By understanding its intricacies and strategic implementation, families can optimize their tax planning and wealth management. Key Benefits of HUF Additional Tax Exemptions: Long-Term Capital Gains: HUFs enjoy an additional exemption
Hindu Undivided Family (HUF)- A Smart and Legal Way to Save on Income Tax Read More »
SFT Transactions: What You Need to Know What is SFT? SFT, or Statement of Financial Transactions, is a mechanism implemented by the Indian Income Tax Department to monitor high-value financial transactions.This system is designed to track large transactions and ensure that taxpayers report them correctly. By doing so, the tax department aims to reduce tax
What is SFT? Reporting High-Value Financial Transactions in India Read More »