Arohi Mihir & Associates, Chartered Accountants, Pune

01/07/2023

day proud

09/02/2022

Sector wise impact 2022

14/01/2022

23/10/2021

Recently I came across two startups who have survived their businesses through COVID time.
They paid their creditors, employees and other utility bills and kept statutory dues as last priority.
and now they are stuck ..with heavy outstanding statutory dues to be paid along with interest and penalty
and nobody including bankers, VCs and private lenders are ready to fund them Now their businesses are on the verse of collapse.

It really feels sad to hear them so here are few tips for startups.

1. Always file your Income Tax returns in prescribed due dates.They form a base for getting funds from bankers as well as VCs.

2. Never keep payment of statutory dues as your last priority as government will max extend the due day for payment but will never waive off of your liability.

3.Always take a second opinion (probably from another consultant) while taking any big financial decision.
In one of the case client has not filed Income tax returns as his consultant misguided him by saying "he can't file Income Tax return without filling GST returns".

15/10/2021

On this auspicious day of Dussehra...May lord Ram shower you with lot of joy and happiness..

10/09/2021

Happy Ganesh Chaturthi

05/09/2021

05/09/2021

Happy teacher's day to all...

23/08/2021

18/08/2021

Wednesday Wisdom..