Section 194T: The New TDS Rule That Will Change How Firms Pay Partners
Starting 1 April 2025, a brand-new provision under the Income Tax Act—Section 194T—will come into play. For the first time, partnership firms and LLPs must deduct TDS on certain payments to their own partners. This is a fundamental shift. Till FY 2024-25, firms could pay remuneration, commission, or interest to partners without TDS. The income […]
Income Tax Litigation — How Founders Get Ambushed
Startups live in fear of investor emails. But the email that truly shakes founders doesn’t come from VCs — it comes from the Income Tax Department. A notice, a scrutiny, or a demand can derail focus, reputation, and even investor confidence. The irony? Most litigations aren’t unavoidable. Founders get ambushed because they ignore small red […]
GST Exemption on Life and Health Insurance: A Relief for Families
In a landmark announcement, the GST Council has decided to exempt individual life and health insurance policies from Goods and Services Tax (GST). This effectively brings the tax rate on such premiums down from 18% to zero, making insurance more affordable for millions of households across India. The reform was confirmed by Finance Minister Nirmala […]
India’s “Next-Gen GST”: A Simplified Tax Structure for a Stronger Economy
In a landmark decision on September 3, 2025, the 56th GST Council meeting delivered sweeping reforms—a turning point for India’s indirect tax regime. Chaired by Finance Minister Nirmala Sitharaman, the Council unanimously approved a streamlined Goods and Services Tax (GST) model: a dual-rate framework of 5% and 18%, complemented by a new 40% slab for […]
MCA V3 Migration: What Founders and CFOs Must Know About the New AOC-4 Filing
We repurposed the ₹47L into operational capital and saved the client from raising unnecessary debt. The Ministry of Corporate Affairs (MCA) has rolled out its final upgrade of the MCA21 system, shifting 38 critical company e-forms—including AOC-4 and its variants—from the old V2 portal to the new MCA V3 platform. From 14 July 2025, all […]
Behind the Scenes: How We Helped a Film Studio Save ₹47L in Taxes
The Art Was Flawless. The Books? Not So Much. Creative studios thrive on storytelling, visuals, and flawless delivery.But behind the lights, cameras, and action — one thing often gets overlooked: Clean financials and compliant books. We worked with a leading production studio right after they wrapped a ₹4 Cr OTT project — and what we […]
Case File: How We Recovered ₹1.8 Cr GST Refund for a Transport Company
Most Transporters Are Leaving Crores on the Table — Here’s How Recovered ₹1.8 Cr GST Refund When we think of GST refunds, we think of exporters.Not transporters. Not logistics companies. Not warehouse operators. But here’s the truth: If your business is input-heavy (fuel, infra, leases) and output-exempt, you’re probably sitting on unclaimed refunds. And you […]
Due Diligence Red Flags That Kill Investor Deals
You crushed the pitch.Investor interest is high.The term sheet is almost in. Then comes the due diligence (DD).And just like that — everything stalls. Because while you were focused on the deck, your books weren’t ready for the deal. In our experience working with funded startups, compliance gaps and backend blind spots are one of […]
How Stock Mismanagement Quietly Destroys Margins — and How to Fix It
If you’re running a D2C brand, retail business, or trading setup, you already know this:Inventory is one of your biggest costs. But here’s what most founders miss — it’s also one of your biggest opportunities. 💡 A clean inventory audit can unlock lakhs — sometimes crores — of trapped cash. If you’re not doing regular, […]
Bandstorm 2025: How PGC Keeps the Business of Music in Perfect Harmony
Kolkata is gearing up for a musical storm. On August 31, 2025, the Biswa Bangla Mela Prangan will host Bandstorm 2025—a high-voltage festival curated by Festivity Factor, bringing together six of the biggest names in Bangla rock: Fossils, Cactuss, Anjan Dutt & The Electric Band, Fakira, Prithibi, and Hooligaanism. Bandstorm 2025: How PGC Keeps the […]