Articles by Affluence Advisory

NBFCs under Regulatory Spotlight: Emphasis on Sustainable Practices and Risk Management

Affluence Advisory 28 November 2024 at 08:43

In a strong and timely advisory, the Reserve Bank of India (RBI) has urged Non-Banking Financial Companies (NBFCs) including Microfinance Institutions (MFIs) and Housing Finance Companies (HFCs) to cultivate a ‘compliance-first' culture.

Tax Compliance: Employees Not Liable for Employer's TDS Mismanagement

Affluence Advisory 27 November 2024 at 08:43

Explore the intricacies of TDS under the Income-tax Act, 1961, focusing on the responsibilities of deductors, TDS credit provisions, and key judicial rulings protecting deductees from being treated as assessee-in-default. Understand CBDT guidelines and recent high court judgments addressing TDS mismatches and employer-employee tax issues.

Probate, LoA and Succession Certificate

Affluence Advisory 26 November 2024 at 08:40

When a person dies without leaving a Will ("Intestate Individual"), his/her succession is called Intestate Succession. It includes (a) Probate; (b) Letter of Administration; and (c) Succession Certificate.

Artificial Intelligence In Human Resources

Affluence Advisory 19 November 2024 at 08:38

Human Resources (HR) is one of the most crucial departments in any organization, responsible for managing the most important asset: the people.

Understanding Wills in India: Key Legal Aspects & FAQs

Affluence Advisory 14 November 2024 at 06:41

A Will can be revoked at any time by the testator/testatrix during his/her lifetime.

Understanding Wills: Types, Legal Framework and Benefits in India

Affluence Advisory 06 November 2024 at 06:40

A Will is a legal document that sets forth the wishes of the person making it (the testator) regarding the distribution of his/her property.

Electrification: A Decadal Theme Driving AI, EVs and Global Industry

Affluence Advisory 30 October 2024 at 08:31

The surge in demand for electricity is putting immense pressure on power companies, with many admitting that they are unprepared to handle such an influx.

Waiver of Interest and Penalty in terms of Section 128A of CGST Act

Affluence Advisory 26 October 2024 at 08:24

Section 128A of CGST Act provides for waiver of interest or penalty or both relating to demand under Section 73 of CGST Act pertaining to period July 2017 to March 2018, FY 2018-19, FY 2019-20.

Interpretation of the term 'As Is' or 'As Is, Where Is Basis' for regularizing the past period transactions

Affluence Advisory 21 October 2024 at 08:34

In the recent circulars issued pursuant to 53rd and 54th GST council meeting wherein CBIC based on the recommendation of GST Council has clarified upon applicability of tax rate/classification or exemptions available in case of specified goods or services.

A Guide to Microfinance Companies

Affluence Advisory 19 October 2024 at 07:54

The microfinance segment in India has proved to be fundamental for promoting financial inclusion by extending credit to low-income groups that are traditionally not catered to by lending institutions.