Blog
Practical articles by Ryan Vaz, FCA, on questions clients in Mumbai and abroad ask most often. For short answers, see the FAQ; for due dates, see the compliance calendar.
Income tax · 6 min read
The Income-tax Act, 1961 has been replaced. For most individuals and businesses the tax itself changes little, but the vocabulary, section numbers and form numbers have all moved. Here is what to know before your next filing.
NRI taxation · 7 min read
Whether you are taxed in India on worldwide income or only on Indian income depends on one thing: your residential status for the year. It is decided by days of stay, not by passport, visa or the type of bank account you hold.
NRI taxation · 7 min read
When a non-resident sells a flat in Mumbai, the buyer must deduct tax from the price. Because the deduction is calculated on the full sale value rather than the gain, it is often far more than the tax actually owed. Planning before the sale deed avoids locking up that money for months.
Income tax · 6 min read
Every return is now processed against the information the department already holds about you. When AIS, Form 26AS and your records disagree, the difference rarely means you did anything wrong, but it does need to be explained before you file.
GST · 6 min read
Input tax credit in GST is now driven by what your suppliers report and what you accept in the Invoice Management System. A short, disciplined monthly reconciliation keeps your credit intact and avoids system notices.
Advisory · 5 min read
Most growing businesses reach a point where the accountant's monthly visit is no longer enough, but a full-time CFO is still too much. A fractional CFO fills that gap: senior finance leadership for an agreed number of days each month.
Phone +91 95384 16161 or email ryan@vazassociates.in. Office opposite Maxus Mall, L.T. Road, Borivali West, Mumbai 400092. Work can also be handled remotely.
