The Renewable Energy Revolution = Once-in-a-Lifetime Business Opportunity The global energy system is shifting — fast. Falling costs, government incentives, and corporate net-zero commitments are creating one of the biggest business opportunities of our time. Where the Future is Being Built Power Generation → Solar farms, wind projects, waste-to-energy. Storage & Infrastructure → Batteries, microgrids, […]

Legality of Foreign Bank Accounts for Indian Companies Indian companies may open bank accounts abroad for business purposes such as international trade, investments, or holding foreign currency. Below is a concise guide on legality, compliance, and tax implications. 1. Legality & Regulatory Approval Companies registered in India can open bank accounts overseas for legitimate business […]

NRI Taxation in India: What You Need to Know Navigating taxation as a Non-Resident Indian (NRI) can be tricky. Many NRIs earn abroad but still have financial connections in India—such as property, investments, or family businesses. Here’s a clear breakdown of the essentials. 1. Who is an NRI for Tax Purposes? Taxation depends on residential […]

In order to alleviate the burdensome task of bookkeeping and the obligation of undergoing audits for small-scale taxpayers, the Income-tax Act has instituted the presumptive taxation scheme outlined in sections 44AD, 44ADA, and 44AE. This section provides comprehensive insights into the various provisions of the presumptive taxation scheme encapsulated within Section 44AD, Section 44ADA, and […]

This article deals with Charitable/Religious trust/institution which is not registered under Section 12AA/12AB of the Income Tax Act, 1961 (“the Act”). Also, it does not cover any trust/institution referred to in clause (23C) of section 10 of the Act. 1. Definition of Charitable/Religious Activity First, we have to ascertain whether the trust activity falls under […]

This article deals with deduction or allowance under Income Tax Act, 1961 (“ITA”) for Pre-operative Expenses/preliminary Expenses. 1. What are Pre-operative Expenses/preliminary Expenses? A business may incur many expenditures before it starts.  These costs can be called as Start-up costs which consists of preliminary expenses incurred in establishing a legal entity such as legal and […]