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Arpit Gupta & Co.

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Arpit Gupta & Co.

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At Arpit Gupta & Co., we provide the best consultancy services of Income tax, GST. Arpit Gupta & Co. In India, we have a client base of over 350+ companies.

We are a team of expert and dedicated professionals who are committed to provide the best quality services in order to serve the best interest of our clients. is a professionally managed CA firm established in 2012 established by Indian chartered accountants. The firm operates from its offices in Lucknow, Delhi, Lakhimpur-Khiri. The firm's approach to service delivery helps provide value-added services to clients. Running through our organization is a strong sense of obligation to serve a number of different stakeholders who count on us to deliver quality and excellence in everything we do. Every day, each one of us makes choices and decisions that directly affect the way we experience each other and the way our clients and wider communities experience us. Our values give us confidence that we are using the same principles to help us make these decisions throughout our organization

26/09/2026

Your business payment process is only as secure as its weakest approval or authentication point.

With evolving RBI requirements around payment security, businesses should review whether their controls adequately protect digital transactions involving biometric or token-based two-factor authentication.

Key areas to examine:

• Payment authentication: Confirm that biometric and token-based 2FA is properly implemented, periodically reviewed and restricted to authorised devices and users.

• Authorised users: Remove access promptly when employees change roles or leave, and maintain an updated record of payment permissions.

• Maker-checker controls: Separate payment preparation from approval. High-value or sensitive transactions should require independent verification.

• Tokenisation: Review how payment credentials and tokens are issued, stored, rotated and revoked, particularly for recurring payments and connected banking platforms.

• Bank mandates: Reconcile approved signatories, transaction limits and operating instructions with the bank’s current records.

• Fraud alerts: Enable real-time alerts, define escalation procedures and investigate unusual beneficiaries, timings, amounts or payment patterns without delay.

• Audit trails: Preserve clear records of login activity, authentication events, payment creation, approval, modification and rejection for effective review and audit support.

Do not rely on assumptions or outdated procedures. Verify the latest applicable RBI notifications, your bank’s security requirements and the controls relevant to your business before making changes.

Arpit Gupta & Co., Chartered Accountants, helps businesses review financial controls, compliance processes and payment-risk frameworks with clarity and precision.

Visit https://caarpitgupta.com/ to seek professional guidance.

25/09/2026

A missed renewal date can interrupt operations, delay approvals and expose your business to avoidable compliance risks.

FSSAI licences, municipal trade licences, professional registrations and other business permissions should never be managed through memory or last-minute reminders. A structured annual renewal calendar creates accountability and continuity.

Your compliance calendar should clearly record:

Expiry dates: Track every licence, registration and permission well in advance.

Document folder: Keep previous certificates, applications, challans and supporting documents organised and accessible.

Responsible owner: Assign a specific person or team for each renewal, with a defined completion date.

Escalation alerts: Set reminders for preparation, review, submission and follow-up so delays are addressed early.

This simple system helps businesses stay compliant, avoid preventable interruptions and keep daily operations moving with confidence.

Arpit Gupta & Co., Chartered Accountants, provides practical support for business registrations, licence renewals, compliance management and ongoing advisory requirements.

For professional guidance, visit https://caarpitgupta.com/.

24/09/2026

Import-export business continuity depends on accurate and active IEC records; not just successful registration.

Exporters and importers should periodically review their IEC profile and verify:

• IEC status and annual profile details
• Bank account linkage and related banking information
• Registered address and branch details
• Director or partner information
• Email address and contact verification
• Import-export transaction records

Inactive, outdated or inaccurate IEC data may lead to documentation issues, operational delays, compliance exposure and disruption in international trade activities. Changes in business constitution, address, banking arrangements or key managerial details should be reviewed promptly and updated through the applicable process.

This is a business continuity check, distinct from export refund or LUT compliance. Requirements and procedures may change, so verify the applicable provisions and current DGFT guidance before taking action.

Arpit Gupta & Co., Chartered Accountants, provides professional support for IEC review, import-export compliance and business registration requirements.

Visit https://caarpitgupta.com/ or www.caarpitgupta.com. Contact Arpit Gupta & Co. for a clear and timely IEC compliance review.

23/09/2026

A lower GST rate on outward supplies than inward inputs can quietly lock up your working capital through accumulated input tax credit. For manufacturers and distributors, refund readiness begins with accurate data: not just a refund application.

Before proceeding, verify:

- Whether the input and output tax classifications support an inverted duty structure claim
- Purchase invoices, product descriptions, HSN classification, and tax rates
- Eligibility and reconciliation of input tax credit
- Stock movement, consumption, production, and outward supply records
- Refund workings for the relevant period, including eligible turnover and ITC calculations
- Returns, invoices, ledgers, statements, declarations, and other supporting documentation

Inaccurate classification, unsupported ITC, mismatched stock records, or incomplete period-wise workings can lead to notices, delays, reduced refunds, and avoidable working-capital blockage.

A structured review before filing helps identify accumulation correctly, establish a clear invoice trail, and prepare a defensible GST refund claim under applicable provisions.

Arpit Gupta & Co., Chartered Accountants, provides end-to-end GST compliance and refund advisory for manufacturers, distributors, MSMEs, and growing businesses.

Need clarity on your inverted duty structure refund? Visit https://caarpitgupta.com/ for professional assistance.

22/09/2026

A post-sale discount may reduce your commercial receivable, but it does not automatically reduce GST liability.

Businesses should establish clear controls before issuing any commercial credit note. The discount arrangement should be documented through an agreement, purchase terms, scheme circular, or other reliable evidence. The documentation should specify the eligibility, calculation method, timing, and supplies to which the discount relates.

For example, if a distributor earns a quarterly discount based on purchases of specific invoices, the supplier should maintain the agreement, qualifying invoice list, calculation sheet, approval record, and credit note trail together. Where the conditions under GST law for reducing taxable value are applicable, the recipient must also account for the corresponding reduction in input tax credit.

The accounting and GST treatment must be clearly separated. A commercial credit note issued only for a financial adjustment may not reduce output tax. A GST credit note, where legally appropriate, must be supported by the relevant conditions and documentation.

Strong GST controls include:

Agreement-to-invoice linkage for every discount
Clear identification of GST and non-GST components
Recipient ITC impact tracking and confirmation
Separate posting of commercial and GST credit notes
Reconciliation of sales registers, ledgers, credit notes, tax amounts, and GST returns

Arpit Gupta & Co., Chartered Accountants helps businesses review post-sale discount structures, credit note documentation, GST treatment, and reconciliation controls without confusion.

Visit https://caarpitgupta.com/ to seek professional guidance for your business.

21/09/2026

Paid tax on income earned overseas? A foreign tax credit is not automatic. NRIs and resident taxpayers must maintain the right documents, disclosures and timelines to claim credit correctly in India.

Before filing your Indian income tax return, keep this checklist ready:

- Foreign income statements, payslips, bank statements or tax certificates
- Proof of foreign tax paid or deducted, such as tax payment receipts, withholding certificates or official assessments
- Details of the country, nature of income, tax paid and applicable exchange rates
- Form 67, filed as required under the applicable rules
- Reconciliation of foreign income, Indian return disclosures and foreign tax credit claimed
- Review of the relevant Double Taxation Avoidance Agreement for eligibility, limits and treaty conditions

The credit may be restricted to the lower of the foreign tax paid and the Indian tax payable on the corresponding income. Timing, documentation and accurate conversion of currency are therefore pivotal.

Foreign tax credit provisions and filing requirements may change. Verify the current law, prescribed timelines and treaty position before submitting your return.

Arpit Gupta & Co., Chartered Accountants provides clear, end-to-end assistance with foreign income reporting, Form 67, tax credit documentation and NRI tax compliance.

For reliable tax guidance, contact Arpit Gupta & Co., Chartered Accountants or visit www.caarpitgupta.com.

20/09/2026

The transition from Assessment Year to Tax Year is now operational. Businesses, professionals and NGOs must ensure that their records and internal systems clearly distinguish the old and new tax frameworks.

Under the Income-tax Act, 2025, effective from 1 April 2026:

AY 2026-27 relates to income earned during FY 2025-26 and continues under the earlier Act, including applicable legacy assessments and proceedings.

Tax Year 2026-27 relates to income earned from 1 April 2026 to 31 March 2027 and is governed by the new Act.

Practical preparation checklist:

• Keep income, expenses, TDS, advance tax and challans separately mapped to the relevant period.
• Identify the correct return period before preparing or submitting any return.
• Establish clear accounting cut-offs for transactions around 31 March and 1 April.
• Update ERP, payroll, accounting software and tax compliance calendars.
• Track notices, assessments, appeals and rectifications under the correct Act and period.
• Preserve year-wise documents, reconciliations and audit trails for future reference.
• NGOs and professionals should also review exemption records, books of account and reporting workflows.

The transition is more than a change in terminology. Inaccurate period mapping can affect tax computation, return filing, notices and management reporting.

Arpit Gupta & Co., Chartered Accountants, can help your organisation review its records, tax calendar and internal controls for a smooth transition.

www.caarpitgupta.com | https://caarpitgupta.com/

Contact Arpit Gupta & Co. for practical, clear and end-to-end tax transition guidance.

19/09/2026

What happens to your business if the one laptop containing every invoice, ledger and tax file suddenly stops working?

Business continuity is not just about keeping operations running. It also means ensuring that your accounting and tax records remain authentic, complete and retrievable when required for audits, tax notices, compliance reviews or important management decisions.

A practical record-protection checklist:

Secure cloud backups: Back up accounting data and supporting documents regularly using a secure, reliable cloud system.

Controlled access: Use role-based access, strong passwords and multi-factor authentication. Give each person only the access they need.

Clear invoice naming: Follow a consistent format such as Vendor_InvoiceNumber_Date_Amount to make documents easy to locate.

Retention policy: Define how long invoices, ledgers, returns, bank statements and approvals must be retained according to business and regulatory needs.

Maker-checker approvals: Separate preparation and approval responsibilities to reduce errors, fraud and unauthorised changes.

Bank-feed reviews: Reconcile bank feeds regularly and investigate unmatched or unusual transactions promptly.

Recovery testing: Do not assume that a backup works. Test restoration periodically so your team can recover records when time matters most.

A cloud backup is not a substitute for proper controls. It is one part of a disciplined accounting and compliance framework that protects your business from device failure, accidental deletion, cyber risks and operational disruption.

Do not let your entire business continuity plan depend on one laptop and one hopeful restart.

For practical accounting controls, tax record management and business continuity guidance, contact Arpit Gupta & Co., Chartered Accountants.

Visit https://caarpitgupta.com/ to get started.

18/09/2026

Is your fixed-asset register giving you reliable financial information: or creating hidden risks?

A well-maintained fixed-asset register is essential for accurate depreciation, tax computations, audit readiness, insurance claims and management decisions. Missing or outdated records can distort profits, lead to incorrect tax depreciation, weaken audit evidence and make it difficult to establish ownership or replacement value after damage or loss.

Your review should cover:

Invoice and installation date
Put-to-use date and useful life
Asset identification number and current location
Componentisation wherever significant components have different useful lives
Disposals, transfers and assets no longer in use
Indicators of impairment or obsolescence
Depreciation under books versus depreciation under tax records
Capitalisation of eligible improvements, additions and major replacements

Remember, book depreciation and tax depreciation may follow different rules. Maintaining separate, reconciled records helps prevent errors in financial statements and income-tax computations while supporting a smoother statutory audit.

Arpit Gupta & Co., Chartered Accountants provides practical fixed-asset register review, depreciation verification, accounting and tax compliance support for businesses of all sizes.

Review your fixed-asset records with Arpit Gupta & Co. today. Visit https://caarpitgupta.com/ or www.caarpitgupta.com for professional assistance.

17/09/2026

Your wallet history is part of your tax record.

For individuals and businesses dealing in cryptocurrency and other Virtual Digital Assets, incomplete records can turn tax reporting into a serious compliance challenge. Broker or exchange summaries alone may not capture every transfer, trade or movement between wallets.

Keep a complete, transaction-wise record of:
• Exchange statements from every platform
• Wallet transfers and transaction IDs
• Purchase cost and sale proceeds
• Transaction dates and asset details
• TDS deducted or reported under Section 194S
• Separate tracking of gains and losses

Under the applicable Indian tax framework, including Sections 115BBH and 194S of the Income-tax Act, 1961, as relevant to the transaction period, income from VDA transfers is generally taxed at 30%, along with applicable surcharge and cess. The framework also restricts deductions and the set-off or carry-forward of VDA losses. TDS under Section 194S may apply at 1%, subject to applicable thresholds, conditions and law in force.

Incomplete broker, exchange or wallet data can create reporting gaps, mismatches and avoidable notices. Reconcile your records before filing your income-tax return and retain supporting documents for every transaction.

Arpit Gupta & Co., Chartered Accountants provides practical support for cryptocurrency tax compliance, VDA transaction reconciliation and income-tax filing.

For accurate, compliant reporting, consult Arpit Gupta & Co., Chartered Accountants at https://caarpitgupta.com/.

Address

8/102G, SECTOR 8, NEAR PRERNA PARK, INDIRA NAGAR
Lucknow
226016

Opening Hours

Monday	9am - 7pm
Tuesday	9am - 7pm
Wednesday	9am - 7pm
Thursday	9am - 7pm
Friday	9am - 7pm
Saturday	9am - 5pm

Telephone

+91 9454365382

Website

http://www.caarpitgupta.com/

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