Pavan Goyal and Associates

Many businesses today make international payments through employees’ or directors’ personal credit cards for convenience and faster processing. Common examples include payments for software subscriptions, cloud services, online advertisements, website hosting, AI tools, and foreign consultancy services. However, companies often overlook an important point — merely because the payment is made through a personal credit …

Payments Through Employee Credit Cards – Hidden FEMA & TDS Risks Read More »

India’s new labour codes are expected to significantly change the compliance and payroll framework for businesses across sectors. These reforms consolidate multiple existing labour laws into four labour codes with the objective of simplifying compliances, improving employee protection, and increasing uniformity across states. For employers, the implementation of these provisions may directly impact salary structures, …

New Labour Codes 2026 – Key Changes Every Employer Should Know Read More »

What is a Forensic Audit? A forensic audit is a detailed examination of financial records to detect fraud, misconduct, or financial irregularities. Unlike a regular audit, it is conducted with the intention of producing evidence that can be used in a court of law. It combines concepts from: Simply put, if a regular audit checks …

Forensic Audit in India Read More »

Selling a property can result in significant profits—but it also brings tax implications. Understanding capital gains tax in India is essential to ensure proper compliance and effective tax planning. This guide explains everything in simple terms, along with practical strategies to reduce tax liability. What is Capital Gains on Property? When you sell a property …

🏠 Capital Gains Tax on Property in India Read More »

In the field of accounting,  auditing, and taxation, documentation plays a crucial role in ensuring transparency, accountability, and reliability of work performed. Proper documentation not only supports the work performed but also provides evidence that procedures were carried out in accordance with professional standards. What is Documentation? Documentation refers to the properly recording and maintaining …

Documentation – A Pillar of Professional Practice Read More »

When starting a business in India, one of the first and most important decisions is choosing the right legal structure. The two most popular options are: Both offer limited liability protection, but they differ significantly in terms of compliance, taxation, funding, and scalability. This guide explains the difference in simple terms to help you make …

LLP vs Private Limited Company: Which is Better for Your Business? Read More »

If you run a business and pay salaries to employees, obtaining a Professional Tax Registration Certificate (PTRC) is not optional—it is a mandatory compliance requirement once the organisation hires even a single employee. Many startups, SMEs, and growing businesses overlook PTRC until they receive a notice from the tax authorities. Ensuring proper registration and timely …

Employers in Maharashtra – Are You Compliant with PTRC? Read More »

Introduction to Corporate Social Responsibility (CSR): Corporate Social Responsibility (CSR) refers to the responsibility of companies to contribute to social, environmental, and economic development while conducting business. In India, CSR is regulated under Section 135 of the Companies Act, 2013, which makes it mandatory for certain companies to spend a portion of their profits on …

Corporate Social Responsibility Read More »

Introduction In the modern corporate world, transparency, accountability, and ethical decision-making are essential for building trust with investors, stakeholders, and the public. One key figure who helps ensure these standards are maintained is the Independent Director. Independent Directors play a critical role in strengthening corporate governance by providing unbiased judgment and oversight of a company’s …

Independent Director: Importance in Corporate Governance Read More »

Receiving an income tax notice can be concerning for taxpayers. However, in most cases, it is a routine communication from the Income-tax Department seeking clarification, verification, or correction of information filed in the return. Understanding the nature of the notice and responding appropriately ensures smooth resolution and avoids unnecessary litigation. Why Do You Receive an …

Income Tax Notices in India: Types, Reasons & How to Respond Read More »