Small and Medium Enterprises (SMEs) form the backbone of Delhi’s dynamic business ecosystem. However, with growth comes increased regulatory responsibilities—one of the most important being compliance with income tax audit requirements. If you run an SME in Delhi, understanding income tax audits is essential to avoid penalties, ensure compliance, and maintain financial transparency. This guide …
In today’s dynamic business environment, Indian companies face a wide range of risks — from financial fraud and regulatory non-compliance to cybersecurity threats and operational inefficiencies. As businesses grow, managing these risks effectively becomes critical for sustainability and long-term success. This is where internal audit plays a vital role. Internal audit is not merely a …
Running a business in India comes with multiple financial and regulatory responsibilities, and one of the most crucial among them is complying with income tax laws. An income tax audit is not just a legal formality—it is a powerful tool that ensures transparency, accuracy, and financial discipline. In this blog, we’ll explore why income tax …
If you have received a notice for an income tax audit in Delhi, it is natural to feel anxious. However, an income tax audit is not always a sign of wrongdoing. In many cases, it is a routine verification process conducted under the provisions of the Income Tax Act, 1961. This step-by-step guide will help …
Exporting goods or services is a lifeline for many businesses, and understanding GST refund on export is crucial to maintain smooth cash flow. If you’ve ever wondered how exporters get back the taxes paid on exports, you’re in the right place. Let’s dive deep and make sense of this process in simple words. What is …
In today’s fast-paced business environment, understanding and managing your assets is crucial. Established in 1963, PK Chopra & Co. has been a trusted professional services firm with its head office in Gurugram and satellite units in Delhi, Mumbai, Coimbatore, Ahmedabad, Lucknow, Bangalore, and Kochi. With over four decades of expertise, the firm actively serves small, …
Due diligence is one of the most critical stages of any business transaction—be it mergers and acquisitions, investments, joint ventures, fundraising, or strategic partnerships. In India, where regulatory frameworks, compliance requirements, and business structures can be complex, overlooking key aspects of due diligence can lead to financial losses, legal disputes, and reputational damage. At PK …
International funding plays a vital role in empowering Indian NGOs to implement large-scale development, health, education, and humanitarian projects. One of the most prominent funding agencies globally is USAID (United States Agency for International Development). However, receiving USAID funds also brings strict compliance and audit obligations. Many Indian NGOs, startups working with NGOs, and even …
Introduction to Transfer Pricing What is Transfer Pricing? Transfer pricing is essentially the pricing of goods, services, or intangibles between related entities within a multinational enterprise. Think of it as setting the “right” price when your Indian branch sells products to your parent company overseas. It’s a key tool used to ensure that profits are …
In India, under Section 44AB of the Income‑tax Act, 1961, certain businesses and professionals are required to get their accounts audited by a qualified Chartered Accountant (CA) if they cross specified thresholds of turnover or receipts. Some key applicability thresholds as of now: For a business (not under presumptive scheme): if total sales, turnover or …