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Income Tax Implications of Drawing Salary vs Dividend vs Director’s Remuneration

1. Salary From Company Taxed as salary income in the hands of director / founder. Company deducts TDS u/s 192. Allows: Standard deduction. Eligible allowances and perquisites as …

Tax Audit Under Section 44AB: When Is It Required for Businesses and Professionals?

1. Basic Turnover Thresholds (Indicative) Business: Tax audit generally required if turnover exceeds prescribed limits (eg. ₹1 crore / ₹10 crore depending on cash vs digital transactions – …

Common Income Tax Notices Received by Indian Businesses and How to Handle Them

1. Intimation Under Section 143(1) Automated adjustment after ITR processing. Check for: Mismatch in income. Disallowance of certain deductions. Action: Compare with filed ITR, correct errors by filing …

Income Tax Return Filing Checklist for Indian Small Businesses (AY 2026–27)

1. Confirm the Correct ITR Form ITR-3 / ITR-4 (Sugam) for proprietors depending on presumptive vs regular books. ITR-5 for partnership firms / LLPs. ITR-6 for companies (except …

Good Practices for Indian Businesses: Building Strong Processes from Day One

Most founders obsess over product, sales, and funding. Very few obsess over **process and discipline** in the early years. The irony is that when companies fail or stall, …

Corporate Governance for Indian Companies: Basics Founders Should Not Ignore

Corporate governance sounds like something that only matters to listed companies and large conglomerates. In reality, **good governance is a survival tool** even for early‑stage and mid‑size Indian …

SEBI Basics for Startups and Growing Companies: What You Should Know Before You Scale

Most early‑stage founders assume SEBI is something they will worry about “after IPO”. In reality, **SEBI starts touching your story much earlier**—through your cap table, investor rights, ESOPs, …

FEMA Compliance for Indian Businesses and Foreign Founders: A Practical Starter Guide

Foreign money coming into India is heavily regulated. Most founders vaguely know “there is FEMA”, but don’t really know what it **means in practice**. The risk is simple: …

Choosing Between Manufacturing and Services: A Practical Setup Guide for Indian Founders

Starting up in India today is less about ideas and more about execution. Two of the most common paths for first-time founders are: 1. Building a **manufacturing business** …

Foreign Founders Setting Up an Indian Company: Resident Director Requirements

India is a key market and talent base for global founders. Many foreign entrepreneurs want to set up an Indian private limited company to hire a local team …

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