Kunal R. Sarpal
Quick Summary
This is that beautiful time of the year wherein we sit with clients over long hours and try to structure their finances in such a way that all the books reflect the companys vision and takes into account all the advantages provided by law, at the same time, understanding that this year end milestone
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FAQ :
Recording cash received immediately ensures your business numbers reflect a true story and avoids credibility issues, which is particularly important if you plan to raise funds through equity or debt.
GST returns are a trusted business metric used by many financers to disburse loans. They also allow clients and vendors to claim input tax credit. Accurate GST returns help in determining GST registration applicability, eligibility for the Composition Scheme, and specific filing requirements.
Purchasing and putting a fixed asset to use for business purposes on or before March 31st, 2021, allows you to claim depreciation at least at 50% of the normal rate for that financial year.
Reviewing and cleaning up loan accounts by repaying or recovering outstanding temporary or hand loans before March 31st, 2021, can improve your balance sheet position and key financial ratios like the Debt Equity Ratio.
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