In the dynamic landscape of financial management and accounting, having a trusted partner to guide you through the complexities can make all the difference. Enter Prabhash A Shah & Associates, a leading chartered accountancy firm based in Pune, India. With a commitment to excellence and a deep understanding of the…

Introduction The COVID-19 pandemic has brought about unprecedented challenges for individuals, businesses, and the Indian economy as a whole. As a leading CA firm in India, we understand the importance of resilience and adaptability during uncertain times. In this blog, we explore the concept of economic resilience and provide insights…

When there is a purchase of immovable property, the buyer needs to deduct tax (TDS) from the Sale value, pay the balance amount to the Seller and pay the TDS amount to the Government. As per Indian Income Tax Act, where a resident purchases any property from a Non Resident,…

Introduction: Section 206AB and 206CCA are newly inserted sections in the Income Tax Act,1961 vide Finance Act, 2021. These sections are special provision for deduction/collection of tax at source at a higher rate for certain non-filers (specified person) of Income Tax Return. Section 206AB deals with deduction of tax (TDS) at a higher rate…

  Now a days, I see many small companies with new idea and start their business as start ups. I personally feel that those companies should analyze their business module and implement proper internal controls and business processes in order to function smoothly and efficiently. A company without proper planning…