Affluence Advisory

Affluence Advisory Affluence is managed by team of Chartered Accountants, Company Secretaries and Management Graduates t

๐’๐ž๐œ๐ญ๐ข๐จ๐ง 44๐€๐ƒ โ€“ ๐๐ซ๐ž๐ฌ๐ฎ๐ฆ๐ฉ๐ญ๐ข๐ฏ๐ž ๐“๐š๐ฑ๐š๐ญ๐ข๐จ๐ง ๐’๐œ๐ก๐ž๐ฆ๐žSection 44AD of the Income Tax Act offers a simplified presumptive taxation sc...
08/05/2026

๐’๐ž๐œ๐ญ๐ข๐จ๐ง 44๐€๐ƒ โ€“ ๐๐ซ๐ž๐ฌ๐ฎ๐ฆ๐ฉ๐ญ๐ข๐ฏ๐ž ๐“๐š๐ฑ๐š๐ญ๐ข๐จ๐ง ๐’๐œ๐ก๐ž๐ฆ๐ž
Section 44AD of the Income Tax Act offers a simplified presumptive taxation scheme for small businesses, reducing compliance burden and eliminating the need for tax audits in most cases. Eligible taxpayers can declare profits at 6% or 8% of turnover, making tax filing easier and more efficient for FY 2025โ€“26.

๐“๐š๐ฑ ๐€๐ฎ๐๐ข๐ญ ๐”๐ง๐๐ž๐ซ ๐’๐ž๐œ๐ญ๐ข๐จ๐ง 44๐€๐: ๐ƒ๐จ๐งโ€™๐ญ ๐Œ๐ข๐ฌ๐ฌ ๐“๐ก๐ข๐ฌ Section 44AB mandates tax audit for businesses exceeding โ‚น1 crore turnover...
04/05/2026

๐“๐š๐ฑ ๐€๐ฎ๐๐ข๐ญ ๐”๐ง๐๐ž๐ซ ๐’๐ž๐œ๐ญ๐ข๐จ๐ง 44๐€๐: ๐ƒ๐จ๐งโ€™๐ญ ๐Œ๐ข๐ฌ๐ฌ ๐“๐ก๐ข๐ฌ
Section 44AB mandates tax audit for businesses exceeding โ‚น1 crore turnover (โ‚น10 crore with conditions) and professionals above โ‚น50 lakhs. Many trigger audits unknowingly due to presumptive taxation or cash transactions. Missing applicability can lead to penalties, notices, and compliance issues. Timely evaluation ensures compliance, credibility, and better financial decision-making.

๐Œ๐’๐Œ๐„-๐Ÿ ๐‘๐ž๐ญ๐ฎ๐ซ๐ง.Delay can cost you โ‚น25,000 or more in penalties.If youโ€™ve made late payments to MSE vendors between Octobe...
24/04/2026

๐Œ๐’๐Œ๐„-๐Ÿ ๐‘๐ž๐ญ๐ฎ๐ซ๐ง.
Delay can cost you โ‚น25,000 or more in penalties.

If youโ€™ve made late payments to MSE vendors between October and March, filing is mandatory.

Deadline: 30 April 2026
Return

Important MCA Update for Directors โ€“ DIR-3 KYC Compliance
10/04/2026

Important MCA Update for Directors โ€“ DIR-3 KYC Compliance

๐—œ๐—ป๐—ฑ๐—ถ๐—ฎ๐—ป ๐—™๐——๐—œ ๐—ฃ๐—ผ๐—น๐—ถ๐—ฐ๐˜† ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ ๐——๐—ฃ๐—œ๐—œ๐—งโ€™๐˜€ ๐—ฃ๐—ฟ๐—ฒ๐˜€๐˜€ ๐—ก๐—ผ๐˜๐—ฒ ๐Ÿฎ (๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ) Defines "Beneficial Ownership" for land-border sharing countries as...
27/03/2026

๐—œ๐—ป๐—ฑ๐—ถ๐—ฎ๐—ป ๐—™๐——๐—œ ๐—ฃ๐—ผ๐—น๐—ถ๐—ฐ๐˜† ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ ๐——๐—ฃ๐—œ๐—œ๐—งโ€™๐˜€ ๐—ฃ๐—ฟ๐—ฒ๐˜€๐˜€ ๐—ก๐—ผ๐˜๐—ฒ ๐Ÿฎ (๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ)
Defines "Beneficial Ownership" for land-border sharing countries as any interest exceeding 10% or exercising effective control, aligned with PMLA standards. This removes previous ambiguity, requiring prior government approval for such owners and introducing mandatory reporting via a new SOP for all indirect ownership structures

๐—ฆ๐˜๐—ฟ๐—ฒ๐—ฎ๐—บ๐—น๐—ถ๐—ป๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐—™๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ฎ๐—น ๐—ฆ๐—ฒ๐—ฟ๐˜ƒ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—˜๐—ฐ๐—ผ๐˜€๐˜†๐˜€๐˜๐—ฒ๐—บ: ๐—ฅ๐—•๐—œ'๐˜€ ๐—ฃ๐˜‚๐˜€๐—ต ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐—ถ๐—บ๐—ฝ๐—น๐—ถ๐—ณ๐—ถ๐—ฒ๐—ฑ ๐—š๐—ฟ๐—ผ๐˜‚๐—ฝ ๐—ฆ๐˜๐—ฟ๐˜‚๐—ฐ๐˜๐˜‚๐—ฟ๐—ฒ๐˜€The Reserve Bank of India is in...
16/02/2026

๐—ฆ๐˜๐—ฟ๐—ฒ๐—ฎ๐—บ๐—น๐—ถ๐—ป๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐—™๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ฎ๐—น ๐—ฆ๐—ฒ๐—ฟ๐˜ƒ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—˜๐—ฐ๐—ผ๐˜€๐˜†๐˜€๐˜๐—ฒ๐—บ: ๐—ฅ๐—•๐—œ'๐˜€ ๐—ฃ๐˜‚๐˜€๐—ต ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐—ถ๐—บ๐—ฝ๐—น๐—ถ๐—ณ๐—ถ๐—ฒ๐—ฑ ๐—š๐—ฟ๐—ผ๐˜‚๐—ฝ ๐—ฆ๐˜๐—ฟ๐˜‚๐—ฐ๐˜๐˜‚๐—ฟ๐—ฒ๐˜€

The Reserve Bank of India is informally directing conglomerates to consolidate fragmented non-banking financial subsidiaries during routine compliance audits, prioritizing supervisory clarity over operational complexity. This shiftโ€”evident in recent SBR discussions with Mumbai-based capital markets firms and northern FMCG giantsโ€”aims to enhance risk visibility and curb hidden group-level vulnerabilities, as per Economic Times reporting (Dec 10, 2025).

RegulatoryReform Fintech EconomicGrowth

๐—ง๐—ฎ๐˜…๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ณ ๐—˜๐—บ๐—ฝ๐—น๐—ผ๐˜†๐—ฒ๐—ฒ ๐—ฆ๐˜๐—ผ๐—ฐ๐—ธ ๐—ข๐—ฝ๐˜๐—ถ๐—ผ๐—ป ๐—ฃ๐—น๐—ฎ๐—ป๐˜€ (๐—˜๐—ฆ๐—ข๐—ฃ๐˜€) ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฟ ๐˜๐—ต๐—ฒ ๐—œ๐—ป๐—ฐ๐—ผ๐—บ๐—ฒ-๐—ง๐—ฎ๐˜… ๐—”๐—ฐ๐˜, ๐Ÿญ๐Ÿต๐Ÿฒ๐ŸญEmployee Stock Option Plans (ESOPs) have b...
12/02/2026

๐—ง๐—ฎ๐˜…๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ณ ๐—˜๐—บ๐—ฝ๐—น๐—ผ๐˜†๐—ฒ๐—ฒ ๐—ฆ๐˜๐—ผ๐—ฐ๐—ธ ๐—ข๐—ฝ๐˜๐—ถ๐—ผ๐—ป ๐—ฃ๐—น๐—ฎ๐—ป๐˜€ (๐—˜๐—ฆ๐—ข๐—ฃ๐˜€) ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฟ ๐˜๐—ต๐—ฒ ๐—œ๐—ป๐—ฐ๐—ผ๐—บ๐—ฒ-๐—ง๐—ฎ๐˜… ๐—”๐—ฐ๐˜, ๐Ÿญ๐Ÿต๐Ÿฒ๐Ÿญ

Employee Stock Option Plans (ESOPs) have become a key component of compensation structures in startups and corporate enterprises. They align employee interests with long-term company value but create specific tax obligations at multiple stages. Understanding these is crucial for compliance and tax planning.

FinancialLiteracy CorporateFinance EquityCompensation TaxCompliance

๐Ÿ”ด Live WebinarClient and Investor Expectation of Internal Audit๐Ÿ“… 14th Feb (Saturday)๐Ÿ•’ 11:00 AM onwards๐Ÿ“ Zoom WebinarJoin...
09/02/2026

๐Ÿ”ด Live Webinar
Client and Investor Expectation of Internal Audit

๐Ÿ“… 14th Feb (Saturday)
๐Ÿ•’ 11:00 AM onwards
๐Ÿ“ Zoom Webinar

Join industry leaders as they discuss how internal audit is evolving to meet client and investor expectationsโ€”beyond compliance and into value creation.

๐ŸŽ™ Moderator
CA. Rajeev Iyer | Head โ€“ Risk Advisory, Affluence Advisory
25+ years of experience

๐ŸŽ™ Panelists
โ€ข Mr. Raksh*th Rangarajan | Equity Fund Manager, Inviga Investment Advisors Pvt. Ltd.
โ€ข Mr. Graciano Myrone Pinto | General Manager & Head- Internal Audit at Everest Industries Limited.
โ€ข Mr. Indranil Roy | Director & CEO, Apex Kidney Care Pvt. Ltd.

๐Ÿ“Œ Register now โ€“ Link in bio


Webinar CFO

๐—ฅ๐—•๐—œ'๐˜€ ๐—ฃ๐—ผ๐˜„๐—ฒ๐—ฟ ๐˜๐—ผ ๐—–๐—ฎ๐—ป๐—ฐ๐—ฒ๐—น ๐—ก๐—•๐—™๐—–โ€™๐˜€ ๐—Ÿ๐—ถ๐—ฐ๐—ฒ๐—ป๐˜€๐—ฒ: ๐—Ÿ๐—ฒ๐—ด๐—ฎ๐—น ๐—š๐—ฟ๐—ผ๐˜‚๐—ป๐—ฑ๐˜€, ๐—ฅ๐—ฒ๐—ฐ๐—ฒ๐—ป๐˜ ๐—–๐—ฎ๐˜€๐—ฒ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐—ถ๐—ฎ๐—น ๐—œ๐—บ๐—ฝ๐—ฎ๐—ฐ๐˜Non-Banking Financial Companies (...
27/01/2026

๐—ฅ๐—•๐—œ'๐˜€ ๐—ฃ๐—ผ๐˜„๐—ฒ๐—ฟ ๐˜๐—ผ ๐—–๐—ฎ๐—ป๐—ฐ๐—ฒ๐—น ๐—ก๐—•๐—™๐—–โ€™๐˜€ ๐—Ÿ๐—ถ๐—ฐ๐—ฒ๐—ป๐˜€๐—ฒ: ๐—Ÿ๐—ฒ๐—ด๐—ฎ๐—น ๐—š๐—ฟ๐—ผ๐˜‚๐—ป๐—ฑ๐˜€, ๐—ฅ๐—ฒ๐—ฐ๐—ฒ๐—ป๐˜ ๐—–๐—ฎ๐˜€๐—ฒ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐—ถ๐—ฎ๐—น ๐—œ๐—บ๐—ฝ๐—ฎ๐—ฐ๐˜

Non-Banking Financial Companies (NBFCs) play an indispensable role in Indiaโ€™s financial landscape by extending credit to sectors that are often neglected by conventional banks. Owing to their strong linkages with the larger banking network, any instability within NBFCs can have cascading effects on the financial system. RBI is the regulator for NBFCโ€™s and keeps on bringing amendment in the form of master directions in public interest.

IndustryImpact Compliance

Live Webinar: Acquisition of Property and Investments Outside India With Practical Compliance Framework & Case Studies๐Ÿ“… ...
23/01/2026

Live Webinar: Acquisition of Property and Investments Outside India With Practical Compliance Framework & Case Studies

๐Ÿ“… Date: 24th Jan, Saturday
๐Ÿ•’ Time: 11:00 Am onwards

๐ŸŽ™ Moderator:
โฆ Adv. Bhakti J. Thakker | Affluence Advisor

๐ŸŽ™ Panelist:
โฆ CA. Paresh Budhdev | FEMA Head at Affluence Advisory
35+ years of experience | FEMA, Structuring, International Taxation

โฆ CA. Hardik Mehta | Founder of Hardik D Mehta & Co
15+ years of experience | FEMA, International Taxation, Transfer Pricing

โฆ Bank Official

(Register Link in Bio)

๐—ฅ๐—ฒ๐—ด๐—ถ๐˜€๐˜๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ณ ๐—™๐˜‚๐—ป๐—ฑ ๐— ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—˜๐—ป๐˜๐—ถ๐˜๐˜† (๐—™๐— ๐—˜ โ€“ ๐—ก๐—ผ๐—ป-๐—ฅ๐—ฒ๐˜๐—ฎ๐—ถ๐—น) ๐—ถ๐—ป ๐—š๐—ถ๐—ณ๐˜ ๐—–๐—ถ๐˜๐˜† ๐—ฆ๐—˜๐—ญ / ๐—œ๐—™๐—ฆ๐—–The GIFT City SEZ / IFSC in Gujarat (In...
22/01/2026

๐—ฅ๐—ฒ๐—ด๐—ถ๐˜€๐˜๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ณ ๐—™๐˜‚๐—ป๐—ฑ ๐— ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—˜๐—ป๐˜๐—ถ๐˜๐˜† (๐—™๐— ๐—˜ โ€“ ๐—ก๐—ผ๐—ป-๐—ฅ๐—ฒ๐˜๐—ฎ๐—ถ๐—น) ๐—ถ๐—ป ๐—š๐—ถ๐—ณ๐˜ ๐—–๐—ถ๐˜๐˜† ๐—ฆ๐—˜๐—ญ / ๐—œ๐—™๐—ฆ๐—–

The GIFT City SEZ / IFSC in Gujarat (India) offers an attractive regulatory and tax regime for international finance. To conduct fund management activities here, entities must register as a Fund Management Entity (FME) under the IFSCA (Fund Management) Regulations. This guide explains how to register an FME (Non-Retail) โ€” a category designed for institutional and sophisticated investors.

NonRetailFunds RegulatoryCompliance

Address

601, Opulence Building, Above Bank Of Baroda, Road No. 6, Near Santacruz Station, Santacruz East
Mumbai
400055

Alerts

Be the first to know and let us send you an email when Affluence Advisory posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Affluence Advisory:

Share