Blog & Articles
Professional insights on tax, compliance, and automation
Full Fledged Money Changers (FFMCs) operate in a highly regulated environment where robust risk assessment mechanisms are not merely compliance requirements but essential safeguards against money laundering (ML), terrorist financing (TF), and proliferation financing (PF). This article provides a detailed examination of the two critical risk assessment frameworks that every FFMC must implement: the RBI Internal Risk Assessment (IRA) and the FATF Risk-Based Approach (RBA).
Understanding Ineligible ITC and Compliance Requirement
Let’s be honest. When most of us hear the word "automation," we picture complex code, expensive software, or huge corporations trying to replace humans with robots. But what if I told you that automation is actually the best friend of the "lazy" person?
Buying a property is one of the biggest financial decisions in anyone's life. But did you know that if you're purchasing a property worth ₹50 Lakhs or more, you have a tax compliance responsibility? As a buyer, you must deduct TDS (Tax Deducted at Source) and file Form 26QB with the Income Tax Department. Don't worry if this sounds complicated—this guide breaks down everything you need to know about Form 26QB in simple, easy-to-understand language.