Harsh Jain

GST vs U.S. Sales Tax: What Indian Entrepreneurs Must Know Before IncorporationStarting a business in the U.S. is one of the smartest moves for Indian founders—but before you register your U.S. company, there’s one topic that creates maximum confusion: GST vs U.S. Sales Tax. Most Indian entrepreneurs assume the U.S. has a GST-like central tax system. But the truth? The U.S. has NO national GST. Instead, […]Business · Jan 12, 2026Read the article Year-End GST Checklist | Smooth Transition to FY 2024-25Venturing into the FY 2024-25 brings with it a flurry of responsibilities for all GST registered firms and proprietors, particularly in the realm of GST compliance. As the curtains draw close on the 2023-24 financial year, it’s time for businesses to equip themselves with a thorough year end GST checklist. This GST checklist serves as […]Business · Apr 29, 2024Read the article New vs Old Tax Regime- A Guide for FY 2023-24 Income Tax FilersWith the introduction of the new tax regime and its divergence from the familiar old tax regime, Indian taxpayers can find themselves at crossroads regarding the old vs new tax slab. As we conclude the financial year 2023-24 and prepare for the tax filing season, grasping the comparison between new vs old tax regime becomes […]News · Apr 25, 2024Read the article INVESTING IN AIF: OVERVIEW OF TAX COMPLIANCESAs the pandemic hit, a huge section of the crowd progressed in their investing journey. Many people routed themselves towards private investment. In recent years AIFs have been one such investment that gained momentum. It helped in economic stability by providing new emerging entrepreneurs with the right financial support. Due to its large initial investment […]Business · Oct 19, 2022Read the article FEMA Guidelines for Investing in Real Estate PropertyIn the modern-day world,people are fascinated with investing in capital assets. Bounded by fluctuating markets and unpredictable economies, everyone desires foreseeable cash flow and better returns with tax benefits. Their best bet comes in the form of real estate and immovable property. As Louis Glickman once said, “The best investment on Earth is earth.” However, […]Business · Jun 28, 2022Read the article If you are a Non-Resident, you need to know these FEMA ProvisionsWhy is FEMA Important for Non-Residents? By becoming a non-resident, you have only put a distance between yourself and your country.  You might have continued to maintain your social relationships with relatives, friends and others.  You would have participated in periodic events like weddings, festivals and perhaps even joined reunions with old classmates.  […]News · Jan 11, 2022Read the article Ensuring smooth transfer of assets to heirsRegulating expenses, maintaining a personal balance sheet, investing according to one’s means and risk appetite are all important parts of financial planning. A very integral component of financial planning, which often most don’t take into account until it is too late, is securing the assets one has earned and accumulated, and passing them on to […]News · Dec 21, 2021Read the article The Concerns and Consequences of Foreign Tax CreditWhat is Foreign Tax Credit? When you book a caterer or a photographer for an event and you mutually decide on a price, you tend to pay an advance first and the remaining amount at a later time. You would not pay the entire amount twice i.e. you would not pay the entire […]News · Dec 18, 2021Read the article Tax Implications for NRIs in IndiaResidential status in India Resident: An individual citizen of India or a person of Indian origin (PIO) is considered as a ‘Non-resident Indian’ if he does not reside in India. What the word “reside” mean in this case, is crucial. Section 6 of the Income-Tax Act lays down the following two conditions for a person […]News · Nov 25, 2021Read the article Comparison of US and India Tax SystemsSimilarities and Differences in Tax Slabs – US and India Both India and the United States have what is known as a progressive tax system, which means that the tax levied upon individuals in such a system is based on their ability to pay, which in other words means their income. As a person earns […]News · Nov 16, 2021Read the article A Guide to Foreign investments in Indian businessesIndia is one of the fastest-growing economies in the world. Apart from that, according to the UN Population Fund, India is said to have the youngest population until 2030. Even though India is rich in terms of the talent available, industries and businesses often fall short of funds. In such cases, they tend to […]News · Nov 1, 2021Read the article Retrospective Taxation in India – What is all the Fuss About?What is Retrospective Taxation – Examining the Concept Black’s Law Dictionary defines a retroactive law as a law “that looks backward or contemplates the past, affecting acts or facts that existed before the act came into effect.” Retrospective taxation enables a government to tax certain deals, products, or transactions that took place before the law […]News · Oct 9, 2021Read the article Exploring FEMA rules and FERA rules for repatriation of money in India from USIntroduction to the repatriation of funds For any Non-Resident Indian, the transfer of funds from the foreign currency to Indian Rupees or vice-versa is a necessity. For this transfer, NRIs need to follow certain guidelines under the Foreign Exchange Management Act, 1999 in order to complete the repatriation of funds. As an NRI, you cannot […]News · Sep 24, 2021Read the article Foreign Accounts On The US Tax Returns As Per The Taxation LawsIn today’s advanced world of globalization, executing business activities outside one’s own country has become easy, especially after the advancement of smart devices such as smartphones and the Internet. If a person or an entity has business outside their own country, it is very likely they would have a foreign bank account or even […]News · Sep 2, 2021Read the article