TDS & TCS Changes from 1st April 2025
The Budget 2025 has brought significant reforms to the Tax Deduction at Source (TDS) provisions under the Income Tax Act, 1961, aiming to simplify compliance for businesses and individuals. These amendments primarily focus on raising threshold limits and introducing new provisions to enhance efficiency and ease the taxation process. This article provides a clear and […]
Mandatory Secretarial Compliance Checklist for Indian Companies
The corporate ecosystem in India operates within a robust regulatory framework designed to ensure transparency, accountability, and governance. For multinational corporations (MNCs) with subsidiaries in India, navigating the country’s intricate compliance landscape is critical. Adherence to mandatory secretarial compliances not only safeguards organizations from legal and financial penalties but also reinforces stakeholder confidence. This detailed […]
Legal Requirements for CSR (Corporate Social Responsibility) Activities
Corporate Social Responsibility (CSR) has undergone a significant transformation in recent years. What was once considered a voluntary practice has now become an integral part of a company’s operations, particularly in India. This shift is largely attributed to the legal framework governing CSR, which is embedded within the Companies Act, 2013. Specifically, Section 135 of […]
Thriving in India’s Regulatory Landscape: Leveraging Accounting, Payroll, and Compliance Outsourcing
Expanding into India offers multinational corporations (MNCs) an extraordinary opportunity to tap into a growing market rich in resources, talent, and potential. However, understanding and navigating the country’s intricate regulatory framework is vital for success. Businesses must approach this environment with meticulous planning, strategic foresight, and expert support to thrive while ensuring regulatory compliance. Leveraging […]
Optimizing Accounts Receivable in Indian Subsidiaries
As a Global VP of Finance managing an MNC with an Indian subsidiary, ensuring optimal accounts receivable (AR) processes is critical for maintaining healthy cash flow, minimizing risks, and achieving sustainable business growth. The complexity of India’s financial landscape can pose unique challenges to AR management. However, with the right strategies and resources, including potential […]
10 Common Accounting Challenges Faced by MNCs in India & How to Overcome Them
As a Global VP of Finance in an MNC with a subsidiary in India, navigating the complex Indian accounting landscape can be daunting. From regulatory compliance to financial reporting, several challenges can impact your subsidiary’s financial health. Understanding these challenges is critical for ensuring smooth operations and maintaining financial transparency. This blog outlines the most […]
Beat Accounts Receivable Challenges Through Outsourcing for MNCs
Accounts receivable (AR) management is a critical function for any business, but it poses unique challenges for multinational corporations (MNCs) operating in India. According to a report by Atradius, nearly 45% of B2B invoices in India remain unpaid past the due date, with an average delay of 23 days. For MNCs, these delays can disrupt […]
Debunking Common Misconceptions About Accounting Outsourcing Services
In the rapidly evolving business landscape, accounting outsourcing has emerged as a critical tool for companies striving to maintain competitive advantage. According to the latest research report, Business Process Outsourcing – Purpose, Market, and Future Scope (September 2023), accounting is among the top five business functions that are outsourced. The report reveals that 41.5% of […]
How is Technology in Accounting Transforms the Industry
Nowdays, technology has become an integral part of accounting practices, transforming traditional methods into more efficient and accurate processes. This shift is especially significant in India, where businesses are increasingly adopting financial technology (FinTech) to enhance their financial operations. According to the CFA Institute, FinTech refers to technological innovations in the design and delivery of […]
Efficient Reporting and Auditing: The Outsourcing Advantage
In today’s dynamic business environment, where agility and strategic foresight are pivotal, outsourcing back-office operations stands as a transformative strategy for companies aiming for efficiency and adaptability. With the business process outsourcing (BPO) market projected to reach a global value of USD 350 billion in 2023 and expected to increase to $450 billion by 2027, […]