Paytm Compliance Fiasco: RBI Notice, Financial Issues, and Tips for Businesses
In the past week, a lot has been written about the Paytm-RBI issue, and the virtual bank’s compliance challenges. Since there’s a lot of noise around this case, we are here to break it down. On January 31st, the Reserve Bank of India ordered Paytm Payments Banks, a restricted bank and subsidiary of Paytm to […]
Month-End Closing Checklist for Better Accounting in 2023
Are you a new business struggling with month-end closing? Don’t worry, you’re not alone. A lot of new businesses and entrepreneurs struggle to keep up with their accounting books. As soon as they realize the urgency of finishing accounting tasks and reconciling accounts, another month passes. As a result, they fall behind in recording transactions. […]
Technology Transformation for your Accounting Process – Finsmart
/*! elementor – v3.11.1 – 15-02-2023 */ .elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=”.svg”]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block} Over the years, technology has transformed the way businesses function. The digital transformation is taking place in core operational areas as well as central functions including accounting and finance. Evolving technologies such as Machine Learning, Artificial Intelligence, Robotic Process Automation, Cloud Technology and Blockchain […]
New Section 206AB and 206CC on TDS & TCS comes into effect from 1st July 2021 – Finsmart
A new section is introduced in the Finance Bill, 2021 for deduction and collection of tax at source at higher rates if an amount is paid or payable to the specified person who did not file the income tax return which will come into effect from 1st July 2021. Section 206AB for TDS is inserted after section […]
Shalaka Joshi: Finsmart Solutions Pvt. Ltd. The CEO of Magazine India
We strive to build a global outsourced accounting and payroll organization that is recognized as a Trusted Growth Partners for its clients and employees,” shared Shalaka Joshi, on what drives her to jump out of bed every morning. For decades now, traditional accounting has been replaced with digitized solutions. In parallel, for the longest time, women limited […]