Small and Medium Enterprises (SMEs) are the heartbeat of India’s economy. They drive innovation, create jobs, and fuel economic growth. However, many Indian SMEs face significant challenges that can stifle their potential. These challenges often include tight budgets, fierce competition, complex regulations, and a lack of strategic direction. This is where corporate advisory services come...

Introduction  In the global business landscape, India stands out as a beacon of opportunity for entrepreneurs and corporations alike. With its robust economic growth, burgeoning middle class, and vast market potential, the allure of an India business setup is undeniable. However, the path to success in this diverse and complex market is not without its...

Introduction Navigating the complex landscape of tax obligations is a critical aspect of running a successful business in India. For newly incorporated businesses, understanding post-incorporation tax compliance can be difficult yet essential. Failing to meet these obligations can lead to severe penalties, legal issues, and financial setbacks. At KNM Group, we specialize in providing comprehensive...

Introduction  As the world’s economic landscape evolves, India emerges as a prime destination for entrepreneurs and businesses seeking new growth frontiers. With its rapidly expanding consumer market, business-friendly policies, and strategic advantages, India presents many opportunities for those considering an India business setup. As the fiscal year 2024-25 approaches, the subcontinent’s allure as an investment...

Introduction Entering the Indian market offers many opportunities for businesses, but it also comes with a complex web of regulatory and compliance requirements. Navigating these challenges can be daunting, particularly for foreign companies unfamiliar with local laws and business practices. However, leveraging compliance outsourcing can significantly streamline your India entry strategy, allowing you to focus...

MEANING OF RESIDENTIAL STATUS The taxability of an individual in India depends upon his residential status in India for any particular financial year. An individual may be a citizen of India but may end up being a non-resident for a particular year. The residential status of different types of persons viz an individual, a firm, a company...

An audit trail (also called an audit log) is defined as a step-by-step sequential record that provides evidence of the documented history of financial transactions to its source. It includes details such as who initiated the transactions when they occurred, and any subsequent changes made to them.   Introduction of Rule 11(g) of Companies (Audit...