Upma Khera, Author at I.P. Pasricha & Co.

The Benefits of Outsourcing Your Accounting and Bookkeeping

Understanding Outsourced Accounting and Bookkeeping Services In today’s business landscape, outsourcing accounting and bookkeeping services has become a strategic move for many companies. This practice involves entrusting financial tasks to external parties, offering several advantages over traditional in-house setups. Why Outsource Bookkeeping Services? Many small and medium enterprises (SMEs) face challenges in maintaining an effective...

Upma KheraJune 6, 2024

Tax and Regulatory 21

Preventing GST Frauds: A Comprehensive Guide for Businesses

The Goods and Services Tax (GST) system, introduced to simplify taxation, still grapples with complexities that create loopholes for fraudulent activities. Fraudulent entities exploit these gaps, causing significant revenue losses for governments and financial losses for innocent taxpayers. Despite increased vigilance by authorities, numerous instances of GST fraud continue to persist, necessitating proactive measures from...

Upma KheraMay 29, 2024

Tax and Regulatory 21

Transfer Pricing in India: Balancing Compliance and Tax Efficiency in a Globalized World

In today’s globalized business environment, multinational enterprises (MNEs) face various cross-border tax challenges. One critical aspect of international taxation is Transfer Pricing, a method that allows MNEs to allocate profits between related entities located in different countries. This blog delves into the intricacies of Transfer Pricing in India, its applicability, methods, and the importance of...

Upma KheraMay 24, 2024

Audit and Assurance 21

How Auditors Are Leveraging AI to Transform Their Work

Artificial Intelligence (AI) is revolutionizing the auditing profession, offering unprecedented access to data and enhancing the ability to focus on professional judgment and analytical tasks. Here’s how AI is transforming the audit landscape. The Power of AI in Auditing Auditors are increasingly adopting AI to improve efficiency and accuracy. Traditional auditing involves manually reviewing data...

Upma KheraMay 23, 2024

Tax and Regulatory 21

GST Registration Challenges: Understanding Physical Verification Disputes

GST registration is a critical requirement for businesses in India. However, one challenge that businesses often face is the cancellation of their GST registration due to issues arising from physical verification. This problem can stem from a variety of factors, including failure to follow the proper procedure outlined in Rule 25 of the 2017 CGST...

Upma KheraMay 3, 2024

Business Advisory 15

Women Leading the Way: The Rise of Chartered Accountants

The landscape of Chartered Accountancy in India is experiencing a remarkable evolution. Once dominated by men, the profession now sees women taking center stage, comprising a substantial portion of its practitioners. Recent data indicates that every third Chartered Accountant in the country now being a woman—a stark rise from the mere 8% recorded in 2000....

Upma KheraApril 5, 2024

Tax and Regulatory 21

Key Updates in Latest Income Tax Return (ITR) Forms for FY 2023-24

The Income Tax Return (ITR) forms for the fiscal year 2023-24 have undergone significant revisions, impacting taxpayers across various categories. From filing deadlines to taxation updates, these changes demand attention and understanding. This article delves into the alterations in ITR Forms 2, 3, 5, and 6, offering a comprehensive analysis of each modification. Here are...

Upma KheraApril 3, 2024

Financial Statement Audit

Accounting Advisory

Governance, Risk & Compliances

Forensic Audit & Fraud Investigation

Business Establishment

Transaction Advisory

Technology Solutions

Financial Statement Audit

Accounting Advisory

Governance, Risk & Compliances

Forensic Audit & Fraud Investigation

Business Establishment

Transaction Advisory

Technology Solutions

Financial Statement Audit

Accounting Advisory

Governance, Risk & Compliances

Forensic Audit & Fraud Investigation

Business Establishment

Transaction Advisory

Technology Solutions

Financial Statement Audit

Accounting Advisory

Governance, Risk & Compliances

Forensic Audit & Fraud Investigation

Business Establishment

Transaction Advisory

Technology Solutions

Consulting services

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