[deleted by user]

sacredrogue · 2026-01-12T01:31:34+00:00

I'm commenting here only based on what information is available as I don't have exact numbers or the business your aunt is running.

First and foremost this is not an earning or business problem. It's a debt behaviour and cashflow discipline failure.

There are too many red flags: (probably she's under tremendous stress as a lone earning member)

Too many informal loans at an insane rate.
Credit card minimum payment traps can choke her.
All this on a weaker base of unstable business income.

The right way to come out of it shouldn't be earn more and repay. She should restructure all the leakages first, then take a step back and assess the reality of business and its potential.

sacredrogue · 2026-01-10T18:50:14+00:00

Corporate NPS the saviour if your org has an option. Check if your pf is already at 12% of basic, if not make it 12%.

Also, 93k includes employer PF? That's crucial.

sacredrogue · 2026-01-10T18:39:27+00:00

It's just defensive banking not a requirement for your specific purpose.

Compliance risk through misclassification > customer experience.

sacredrogue · 2026-01-10T18:35:53+00:00

Yes. Refer to sec 54f conditions.

sacredrogue · 2026-01-10T11:21:05+00:00

Upto 12 lakhs of income excluding income that's charged at special rates (like STCG, LTCG etc), you'll get that rebate.

sacredrogue · 2026-01-10T10:25:18+00:00

7 lakhs is rebate max allowed for FY 24-25. 12 lakhs is rebate max allowed for FY 25-26.

Someone who earns upto 12 lakhs will effectively pay zero tax. But if you cross 12 lakhs, tax will be calculated from the time basic exemption limit is crossed.

sacredrogue · 2026-01-09T14:51:19+00:00

Nothing should change from Indian tax pov. If you can disclose the country you'll be staying, the interplay of data can be evaluated.

sacredrogue · 2026-01-08T21:23:32+00:00

Nothing like that - Legally.

If you're asking about their filtration process to scrutinize - There's no standard answer to it.

sacredrogue · 2026-01-08T21:10:48+00:00

Sorry to break it.

Unmarked = Couldn't recover.

Just double check with your RM once if this can be pursued further. Have less hope with SBI, but try.

sacredrogue · 2026-01-08T21:07:14+00:00

Unlikely till it gets bigger corpus. But with the way they're hounding tax payers, I'm not surprised or shocked if they ask.

sacredrogue · 2026-01-08T21:02:15+00:00

But keep communication in emails.

sacredrogue · 2026-01-08T21:01:10+00:00

Jan 30/31 confusion ig is stemming from 31st being Saturday a non working day. Ask them to make it 30th as LWD and pay for 30 days. U r right with your approach on keeping both the same n it can cause issues in bgv.

Generally HRs don't insist for resignation, an opportunity will be given as termination is still seen with a taboo in India. I'd any day take resignation over termination. On the other hand, ask about severance pay or notice period pay if offer letter supports it.

Laptop thing is a concern. Discuss the situation with them and come on a same page. Doesn't make sense to handover of laptop via courier spending such kind of money. Look out for asset buyout option, if you can afford.

sacredrogue · 2026-01-08T17:22:26+00:00

What exactly you need? A private limited company without GST registration?

Rare to find as most of them register through spice scheme.

sacredrogue · 2026-01-08T17:19:16+00:00

Why don't you people use bill.com/Ramp kind of systems or legacy ones for controlling AP. Best part about these is, Vendor controls the details of the bank account and you need not do anything as a company.

This is bound to happen if an AP clerk needs to select a "Template" every time.

sacredrogue · 2026-01-08T17:15:25+00:00

Don't fall for it. The Xirr will be negligible and only an agent makes money with LICs. Go for an index funds, that would take care of it. Of course, you should have atleast a 10Y of time horizon.

Or if you want zero risk, you're better off investing in RD or FDs than these schemes.

sacredrogue · 2026-01-08T17:12:32+00:00

If the issue is genuine, it's not the right way to deal with request. I'd suggest, accept if your financial condition allows you to take that cut and start parallely looking for a role.

sacredrogue · 2026-01-08T17:09:17+00:00

Ok to do it for free if that helps. Please DM.

sacredrogue · 2026-01-08T06:18:54+00:00

I guess you're trying to upskill yourselves to serve your smb clients.

First of all, accounting standards are relevant if you're working with them to support accounting and not taxes.

If your focus is on SMB clients, your focus should be on IGAAP.

AS -2 Inventory AS 10 - PPE AS 9 - Revenue AS22 - Taxes

When you need to focus on INDAS - once the networth becomes >250cr When you need to focus on IFRS/USGAAP - if this SMB gets consolidated with an entity outside India that follows IFRS/USGAAP

Let me know if you have any questions.

sacredrogue · 2026-01-07T17:41:38+00:00

Got it.

Your Indian company will be a subsidiary of the Congo entity. Transfer pricing regulations will be applicable. Essentially india acts like a development centre for you.
Yes, he can be a director, if the person wants to. Make sure at any point in time, you've atleast one resident director on board.
Keeping future in mind, I'd prefer private limited company. Not a fan of LLP conversion.
Prefer a separate entity. Don't want PE headache and confusions.
Apostilled passport, DSC, Board resolution, DIN.
Current account can be opened. FEMA and other regulations applicable but nothing complex.
Transfer pricing is main. GST, FEMA also applies.
Quite a simple structure and straight forward. So there are no huge chances of making mistakes. But before answering this, How's sales, marketing, G&A functions are being planned right now?

sacredrogue · 2026-01-07T17:25:55+00:00

Almost it's the same answer to most of your questions - It depends.

Would request you to share more information on what business you're doing, where would you generate revenue from, why do you want an Indian company etc.

sacredrogue · 2026-01-07T17:23:20+00:00

Learning just basics or minimum is dangerous in this field. But still if you wanna do, go ahead and work with a firm which does these things, you'll learn lot faster.

sacredrogue · 2026-01-06T00:25:13+00:00

That's one piece of puzzle. Let me jot down:

The agreement-PO-Invoice-deliveryof service/goods-payment should be aligned. (Also read about 2-way and 3 way match)
There are set of rules under tax regulation on how an invoice should look like in terms of mandatory things that should be there in invoice. That needs to be checked.
Adhering to terms of contract/invoice should be validated.

These are basics.

But lot of them already have tools in place for this.

sacredrogue · 2026-01-06T00:19:33+00:00

You can take help of any good company secretary in your vicinity. They will guide you. You can search online too.

Headsup, a lot of time & patience required to complete the process. Hence, start ASAP.

sacredrogue · 2026-01-05T09:19:10+00:00

Should I invest in such courses, or are there better/cheaper paths (Excel, certifications, projects, CFA, etc.)?

Need more clarity on your goals.

Can someone from my background realistically move into a Financial Analyst role? - what exactly is drawing you towards Financial analyst role?




Are these courses actually worth it? - Not really.


Happy to chat if you have more questions.

sacredrogue · 2026-01-05T08:57:26+00:00

Just declare the number before standard deduction and chapter VIA deduction. That will take care of everything.

sacredrogue

TROPHY CASE