The 21 Extra Days That Saved Him — And Why He Almost Didn’t Need Them By the third week of September, Kunal Arora’s finance team was working late every evening. His distribution business was covered by the tax-audit requirements, and the original deadline for furnishing...
The Billing Software That Was Quietly Reporting Less Than It Should Arjun Khanna had operated a successful family restaurant for four years. Every table order was entered into a point-of-sale system. Customers received printed or digital bills, UPI payments reached th...
The 6 Reasons CBDT Picks a Tax Return for Scrutiny — And Why One Business Didn’t See It Coming Vikram Sethi operated a profitable engineering-components business with a modest team and a limited presence outside his home state. His income-tax returns were filed on time, the company’s accounts w...
The Appeal He Almost Lost — Because He Filed It the Old Way When business owner Raghav Malhotra received an unfavourable appellate order, he immediately asked his chartered accountant to challenge it before the Income Tax Appellate Tribunal (ITAT). The dispute...
The Business Partner Whose Numbers Never Quite Added Up Meera Sethi and Raghav Malhotra had built a successful distribution company together. Meera managed customers, operations and growth. Raghav controlled finance, vendor payments and banking. Their resp...
The Vendor Ledger That Hadn’t Been Touched Since the Business Opened When Neeraj Kapoor started his manufacturing business, bookkeeping was not his highest priority. The company had only a few suppliers, payments were managed through internet banking and invoices were ...
The Related-Party Disclosure His Company Forgot Before Going Public Kunal Shah had spent eight years building a profitable consumer-products company. Revenue was growing, institutional investors had shown interest and the board had approved preparations for an initial...
The Nominee Shareholder Structure That Was Quietly Illegal All Along When Dev Malhotra established an overseas company nearly a decade ago, the incorporation agent suggested a nominee shareholder. The nominee’s name appeared on the foreign company’s register, while Dev...
The Contingent Liability Nobody Disclosed — Until the Auditor Asked for the Contract When Aarav Manufacturing Private Limited prepared its annual financial statements, management believed all major liabilities had been recorded. Trade payables were reconciled, bank balances were confi...
Why His GST Registration Got Stuck at the Biometric Verification Step When Aditya Sharma launched his trading business, he expected GST registration to be a straightforward online exercise. His consultant submitted Form GST REG-01, uploaded the required documents and co...
Same Income, Two NRIs, Two Completely Different Tax Bills — Here's Why Rohan and Vikram live in the same foreign country and each receives ₹24 lakh annually from India: ₹18 lakh in rent from a residential property and ₹6 lakh in interest from an NRO account. Their income...
7 Tax Deadlines Between Now and December Most Business Owners Don’t Know Exist Most business owners remember monthly GST returns and salary-related TDS. The deadlines most likely to be missed, however, are often the annual or transaction-specific filings handled outside the regu...
