Insights by CA Ruchika Bhagat Gold and silver have long been symbols of wealth, prosperity, and safety in Indian households. But beyond their cultural importance, they are also powerful tools for financial growth — provided they are used smartly and legally. In...
Introduction Tax planning can be a complex process, especially for Non-Resident Indians (NRIs) who decide to return to India. As you prepare to transition back to your home country, understanding the tax implications is crucial to ensure you don’t end up overpaying or...
Introduction: The collaborative approach to property sales in India, where sellers join forces with dealers, offers a unique set of advantages in terms of market reach and efficiency. However, both sellers and dealers must understand the tax implications associated...
A tax may be defined as a pecuniary burden laid upon individuals or property owners to support the Government, a payment exacted by legislative authority. A tax is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative...
Here are some advantages of filing ITR: Loans Having filed the ITR will help individuals, like the one in the example above, when they have to apply for a vehicle loan (two-wheeler or four-wheeler). All major banks can ask for a copy of tax returns. State Bank of...
The Central Board of Direct Taxes (CBDT) has notified the Income Tax Returns (ITR) for Financial year 2014-15 (Assessment Year 2015-16). The new ITR forms have been released by CBDT for FY 2014-15 Income Tax Returns Filing. What is Assessment Year & Financial...
Government might get Rs.400 cr in financial year 2016 via this levy The government will impose a Swachh Bharat Cess of 0.5 per cent on all services presently liable for service tax, with effect from November 15, the finance ministry stated on Friday. The proceeds are...
Introduction | Business Registration in India. India is a rapidly growing economy and now is the perfect time to start a business. Thanks to programs such as Startup India, Digital India and the ease of compliance, business registration has become easier, faster, and...
Filing your Income Tax Return (ITR) for the first time can feel confusing—but it doesn’t have to be. With the right guidance, you can complete your tax filing accurately and on time while avoiding penalties. At Neeraj Bhagat & Co., we regularly assist first-time...
India’s income tax framework continues to evolve to simplify compliance, increase transparency, and promote digital reporting. The Income Tax Rules 2026 introduce important updates that every taxpayer—individuals, professionals, and businesses—must understand before...
For businesses registered under the GST Composition Scheme, timely filing of GSTR-4 is essential to avoid penalties and maintain compliance. Many taxpayers often confuse CMP-08 quarterly payments with GSTR-4 annual return filing. In this detailed guide, Neeraj Bhagat...
India continues to be a top destination for foreign companies looking to explore new markets. If you want to establish a presence without undertaking direct commercial activities, a Liaison Office (LO) is one of the most effective entry routes. At Neeraj Bhagat &...
In today’s competitive and compliance-driven business environment, managing accounts efficiently is no longer optional—it is critical. Whether you are a startup, SME, or an expanding enterprise in India, one key decision you must make is: Should you use accounting...
Every year, the Union Budget arrives like a financial weather report. Some forecasts bring sunshine, others warn of storms. Budget 2026 is no exception. While the headlines talk about growth, fiscal discipline, and long-term vision, most households care about one...
Entering the Indian market is exciting. Huge consumer base, fast-growing economy, and endless opportunities—what’s not to love? But here’s the catch: India’s regulatory framework is strict, layered, and unforgiving if you slip up. For foreign companies, even a small...
Starting a business alone doesn’t mean you have to walk alone legally. That’s exactly why the concept of One Person Company (OPC) was introduced in India. It bridges the gap between sole proprietorship and a full-fledged private limited company. What is an OPC? A One...
Introduction: Company Registration In India India has become one of the most active and profitable places in the world to start a business due to high economic development, government-supported start-up efforts, and vibrant entrepreneurship environment. India is an...
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