What NRIs Need to Know About Income Tax in India, RNOR, and Assets Repatriation — Checklist & Practical Guidance
Introduction: For Non-Resident Indians (NRIs) and those returning to India, tax obligations can be complex. Your residential status – whether Non-Resident (NRI), Resident (ROR), or Resident but Not Ordinarily Resident (RNOR) – determines which incomes India will tax. Generally, NRIs and RNORs pay tax only on India-sourced income, while full residents are taxed on global […]
Top 10 Tax Litigation Triggers in GST — Common Causes and How SMEs Can Prevent & Defend Them
Introduction: Why GST Litigation Is a Strategic Risk for SMEs GST Litigation has quietly become one of the biggest operational and financial risks for Indian SMEs. What began as a compliance-driven tax regime has evolved into a data-led enforcement ecosystem, where mismatches, delays, and documentation gaps quickly escalate into GST Disputes. For small and medium […]
NRI Healthcare India: Medical Tourism, Tax, FEMA & Insurance Rules All Must Know
IntroductionFor NRIs (Non-Resident Indians), seeking medical care in India can feel like a no-brainer – world-class treatment at a fraction (often 60–90% cheaper) of Western costs. But alongside these savings lies a hidden triad of rules – FEMA (foreign exchange management), tax laws, and insurance nuances – that many overlook. It’s not just the surgery […]
GST Reform 2.0 in Journey of Developed India: The Historic Tax Revolution Reshaping Our Economy
Introduction: Next Generation GST Reforms Digital India India has achieved a historic milestone in tax administration with the implementation of GST 2.0 Next Generation Reforms India 2025. The GST Council has approved a revolutionary two-tier GST rate structure of 5% and 18%, removing the 12% and 28% slabs, with a separate 40% rate applying only […]
Top 5 Startup Fund Raising India Mistakes to Avoid
Startup fund raising India has never been more competitive. With over 100,000 startups registered and countless more seeking investment, standing out to investors requires more than just a great idea. Unfortunately, many promising Indian startups fail to secure funding not because their business lacks potential, but because they make critical mistakes during the fundraising process. […]
Virtual CFO Services: Why Startups Ditch Traditional Finance Hiring
Description: Compare virtual CFO vs traditional CFO for startups and SMEs. Discover why virtual advisory offers cost-effective financial expertise for growing businesses. Virtual CFO vs Traditional CFO: Why Startups Choose Virtual Advisory The financial landscape for startups and small to medium enterprises (SMEs) has transformed dramatically. Where once hiring a full-time Chief Financial Officer was […]
Praveen M Jain & Associates: Your Trusted CA Firm in Navi Mumbai & Belapur
Looking for a reliable CA firm in Navi Mumbai or Belapur that understands your business needs and offers end-to-end financial services? Welcome to Praveen M Jain & Associates (PMJA) – a name that stands for expertise, integrity, and long-term partnerships in the world of finance and compliance. About PMJA: A Legacy of Trust and Excellence […]
Why Tax Filing Matters
Filing your taxes on time helps avoid penalties, ensures compliance with government regulations, and builds financial credibility that can benefit you in numerous ways. Benefits of Filing Taxes Proper tax filing provides several advantages beyond just meeting legal requirements: Consequences of Not Filing Failing to file taxes can lead to serious repercussions: Summary Timely tax […]