Union Budget for MSMEs

Micro, small and medium enterprises (MSMEs) are a key contributor to the growth of Indian economy and the commitment of our government to strengthen and revive the sector has been a highlight of Union Budget 2021. Allocation of ₹15,700 crore for the financial year 2021-22 to MSMEs as compared to prior years’ Budget estimates of […]

Revised Form 26AS

The revised Form 26AS, by income tax department has been notified. This comes into effect from 1st June 2020. Finance Minister Nirmala Sitharaman in her Budget 2020 speech proposed a new Section 285BB wherein the tax department is to provide a comprehensive annual information statement for the financial transactions done by a taxpayer in a […]


Confused to hire a CFO or a Virtual CFO?

Designation of an able Chief financial officer (CFO) is one decorated position in an organization that defines the future & success of a business entity. Often recruitment of a full-time CFO is out of bounds for a company, due to the cost limitations and the liabilities it brings along. Virtual CFO is the new doctrine, […]

Importance of Succession planning

Exhibit 1 : In Bluemoon solvents Pvt Ltd, a partnership firm of three members, a dormant partner with little domain cognition and even less knowledge of day to day affairs had to manage tender quotations. One of the partners got hospitalized in wake of cardiac arrest, other one got struck due to bad weather and […]

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