Advofin’s 60 Days Compliance Series – Page 3

A professional compliance awareness banner by AdvoFin depicting a founder opening a Sunday email and panicking over a tax notice. The image explains common fears such as arrest and penalties, followed by the reality that the issue was a simple system mismatch due to missing bonus and arrears entries. It concludes with the message that the matter was handled professionally and resolved within 12 days.

Income Tax Notices in India — Complete Guide (Types, Reasons, Response Strategy & Prevention 2025)

Introduction: The Sunday Morning Email That Ruins Your Week Rajat’s story (real case, name changed): Sunday, 9:30 AMRajat, founder of a ₹8-crore e-commerce business, opens his email while having breakfast. Subject: “Income Tax Notice u/s 143(1) – Discrepancy in Return – Action Required” His heart sinks. Questions flood: He spends the entire Sunday Googling, reading […]

GST Anti-Evasion notice explained for business owners – real case showing how routine GST verification calls are not arrests and can be resolved with proper documentation.

GST Anti-Evasion — Complete Defense Guide for Businesses (How to Respond, What to Prepare & Common Triggers 2025)

Introduction: The 10 PM Phone Call That Changed Everything Sameer’s story (real case, name changed): 10:15 PM, FridaySameer, founder of a ₹12-crore manufacturing business, receives a call from an unknown Delhi number. Caller: “This is GST Anti-Evasion Wing. We need to verify some transactions. Can you come to our office on Monday with all your […]

How to handle GST summons in India – founder’s guide showing do’s, don’ts, and response strategy for GST notices, data checks, and compliance inquiries.

How to Handle GST Summons — Complete Founder’s Guide (Do’s, Don’ts & Response Strategy 2025)

Introduction: The 3 AM Email That Terrifies Every Founder Rahul’s story (real case, name changed): 3:15 AM, TuesdayRahul, founder of a ₹5-crore e-commerce business, wakes up to check emails (entrepreneur insomnia). Subject: “Summons u/s 70 of CGST Act – Appearance Required – 7 Days” His heart races. Questions flood his mind: He doesn’t sleep the […]

Exporter compliance infographic explaining RBI’s 9-month foreign remittance rule under FEMA, highlighting timelines for bringing export proceeds to India to avoid violations in 2025.

Repatriation Rules for NRIs — Complete 2025 Guide (FEMA + Tax + Banking + Step-by-Step Process)

Introduction: The $200,000 Stuck in India (A Real NRI Story) Priya’s nightmare (real case, name changed): Priya, an NRI in Canada since 2015, sold her Mumbai flat in March 2024 for ₹1.6 crores (~$200,000). She was thrilled—until she tried to transfer the money to Canada. What went wrong: ❌ Mistake 1: Sale proceeds deposited in […]

Export invoice compliance infographic explaining mandatory LUT declaration, zero-rated GST, correct place of supply, SAC/HSN, and foreign currency details for FY 2025–26.

NRI Income Tax Filing Requirements — Complete 2025 Guide (With Residency Rules, TDS Rates & DTAA Benefits)

Introduction: The ₹8 Lakh Mistake Most NRIs Make (And How to Avoid It) Real case (anonymized): Rajesh, a software engineer in the US since 2019, owns a flat in Mumbai that he rents out for ₹40,000/month (₹4.8L annually). His tenant dutifully deducts 31.2% TDS (₹1.5 lakhs) and deposits it to the government. Rajesh thinks: “TDS […]

Infographic warning exporters about a common GST export mistake that can lead to 18% IGST liability, penalties, and compliance issues in FY 2025–26.

LUT Filing for Exporters — Complete 2025 Guide (GST Zero-Rated Supply Made Simple)

Introduction: The ₹50,000 Mistake 70% of Exporters Make Every April Real scenario (happens every year): April 5, 2025A Bangalore-based SaaS startup invoices their first US client of the new financial year: $10,000 (₹8.5 lakhs). Founder thinks: “We’re exporters, GST is 0%.” Invoice raised at 0% GST. Payment received. Everyone’s happy. July 2025GST notice arrives: “Export […]