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Clarity Behind the Numbers
Insights for Smarter Financial Decisions
Practical accounting and financial insights for business owners who value clarity, structure, and confident decision-making.
Aryan Consultancy specializes in crafting efficient financial systems that improve your business's operational clarity. With a focus on reconciliation backlog fixes, we streamline reporting and compliance processes, ensuring your business stays ahead in the competitive market. From startups to enterprises, our expertise in financial management drives sustainable growth. Experience the difference with Aryan Consultancy — your partner in achieving financial clarity and success.
Salary Allowances and Perquisite Taxation: Complete Changes Under Income Tax Act 2025 vs 1961
From 1 April 2026, the Income Tax Act, 2025 replaced the Income Tax Act, 1961. For salaried employees and their employers, this transition brings two distinct types of changes. The first is structural — section numbers and form numbers have changed across the board. The second is substantive — the actual exemption limits for allowances and the valuation rules for perquisites have been revised upward, some significantly, after remaining unchanged for over two decades. This pos
CA Siddhartha Agrawal
7 days ago8 min read
TDS Section Changes from 1 April 2026: Old vs New Reference Guide for India Businesses
If your accounts team filed TDS returns last month using Section 194C, 194J, or 194H, those were the last returns under a law that no longer exists. The Income Tax Act, 1961 stood repealed on 31 March 2026. From 1 April 2026, every TDS deduction, every challan, and every return for Tax Year 2026-27 falls under the Income Tax Act, 2025 — with new section numbers, new form names, and new payment codes. The good news: the rates and thresholds have not changed. What has changed i
CA Siddhartha Agrawal
7 days ago3 min read
Understanding Revenue Recognition for Subscription Businesses under Ind AS 115 and IFRS 15
Many subscription business founders believe that revenue equals the cash they receive, especially when customers pay upfront for annual plans. This assumption can lead to inaccurate financial reporting and mislead stakeholders. Accounting standards like Ind AS 115 and IFRS 15 provide clear rules that require revenue to be recognised as services are delivered, not when cash is collected. This post explains how subscription businesses should recognise revenue under these standa
CA Siddhartha Agrawal
Dec 25, 20254 min read
Tax-ing Provisions - Joint Development Agreement - Tax Compliance and Advisory by Aryan Consultancy
GST Advisory The arrangement of Development Agreement [‘DA’] or Joint Development Agreement [‘JDA’] has emerged as a popular arrangement wherein property owner and developer enter in to a joint development agreement to develop the property. Generally, under this type of arrangement, in lieu of land owner surrendering his land in favour of the developer may get monetary or non-monetary consideration in the form of either lump sum consideration or certain percentage of future s
CA Siddhartha Agrawal
Oct 11, 20207 min read
Overview of new provisions under Section 206C(1H) for TCS on Goods - Aryan Consultancy
New TCS Provisions on sale of goods 1H Finance Act 2020 introduced a new provisions under Section 206C(1H) for the Tax Collected at Source (TCS) on Goods With effect from 1st of October 2020. 206C(1H) Every person, being a seller, who receives any amount as consideration for sale of any goods of the value or aggregate of such value exceeding fifty lakh rupees in any previous year, other than the goods being exported out of India or goods covered in sub-section (1) or sub-sec
CA Siddhartha Agrawal
Oct 4, 202010 min read
UNDERSTANDING TAX SHELTER SCAMS AND STEPS TO CURB THEM - Tax Advisory by Aryan Consultancy
Tax Advisory Let's, talk about the effects of tax shelter scams, explains what tax shelters are, types of tax shelters, abusive and non-abusive tax shelters, role of unscrupulous accounting firms and initiatives taken by the various Government bodies around the world to curb aggressive tax planning and tax evasion Tax shelters are any method of reducing taxable income resulting in a reduction of payment of tax to the Government. The methodology can vary depending on local and
CA Siddhartha Agrawal
May 7, 20204 min read
GST on Director Remuneration, Tax Compliance and Advisory by Aryan Consultancy
The recent article in the economic times reporting that the remuneration paid by the Company to it's Director would attract GST under reverse charge mechanism under RCM has created lot of confusion and unrest among the corporates, this article aims at giving an insight on this subject. The levy of GST is governed by Section 9 of the Central Goods and Service Tax Act, 2017 (for brevity hereinafter referred to as ‘CGST Act’) and the respective Sate and Union Territory GST Act
CA Siddhartha Agrawal
Apr 9, 20206 min read
India Legalities - Legal Compliance by Aryan Consultancy
Legalities in India Business exigencies and compliances differ from country to country. You need to be aware of the cultural and legal implications of your business operations in India, because you could face heavy punishment for transgressing. It is therefore important to acquaint yourself with the law in India. There are legalities that you will have to comply with, certain laws or requirements from your country may not be applicable. Some of the areas to investigate when s
CA Siddhartha Agrawal
Apr 7, 20201 min read
Type of Business Entity considerations - Aryan Consultancy
The following types of business entities are usually used by foreign investors to set up a business in India: Corporations, of two types: Private Limited Company: A company limited by shares in which there can be maximum 200 shareholders, no invitation can be made to the public for subscription of shares or debentures, cannot make or accept deposits from Public and there are restriction on the transfer of shares. The liability of each shareholder is limited to the extent of t
CA Siddhartha Agrawal
Apr 6, 20202 min read
Compliances in India, Outsource Compliance
Once an investor sets-up a business in India, whether it is a liaison office, project office, branch or company, that business needs to comply with Indian regulations. In this note we will discuss the recurring compliances that affect day to day business. Within each compliance activity 1 ACCOUNTING & PAYROLL 1.1 Accounting All businesses in India need to maintain accounting records that meet the Indian Generally Accepted Accounting Policies. A business entity is free to
CA Siddhartha Agrawal
Apr 6, 20204 min read
Starting business in India
Setting up Business in #India? You are in the right place…. Expanding? Looking to setup your business in India? Look no further, we are a one-stop solution to all your business startup needs….. Require #Startup Support? Let us handle all your startup hassles…… Starting up? Need assistance in setting up in India? Let our experts guide you through the process…… Welcome to #IndiaBusinessStarter: As an entrepreneur or entity looking to expand your business in India, there are man
CA Siddhartha Agrawal
Apr 6, 20201 min read
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