Our Blog
Dive into the world of financial wisdom with XLFO. Explore actionable insights, smart strategies, and expert advice to navigate the complexities of money matters.
Are Tax Saving Bonds U/S 54EC Really Worth It?
Taxpayers often look for ways to minimize capital gains tax when selling land or buildings. One such option under Section 54EC of the Income Tax Act, 1961 allows investors to avoid paying tax on capital […]
A Word of Encouragement – STPI Registration Interview
One of our clients needed a Non-STPI registration as a software exporter. We completed the online form and made the initial payment for registration. After the documents were reviewed, we received an email requesting additional […]
XL Financials: A Story of Seamless Business Compliance
Chapter 1: The Dream Begins Once upon a time, in the bustling city of Bangalore, there lived a man let’s call him Mr. A. Now, Mr. A had a brilliant idea for a startup—a tech […]
ISIN & Demat A/C’s for New Foreign Corporate Subsidiaries
Navigating ISIN and Demat Accounts for Foreign Corporate Subsidiaries: Key Considerations for New Companies In the ever-evolving landscape of corporate governance, the introduction of Rule 9B by the Ministry of Corporate Affairs (MCA) in its […]
Tax Slabs – Budget 2024
The Union Budget for FY 2024-25 has made changes to Income Tax Slabs and Capital Gains. The slabs under the new regime Income Tax are as follows: Revised tax slabs Revised tax % Up to […]
What is GSTR-1A?
GSTR-1A is a form used under the Goods and Service Tax system to help taxpayers amend or add records to their GSTR-1 filings. If a taxpayer needs to correct or add information to their GSTR-1 […]
Tax Collection at Source on Overseas Packages Agencies
With the recent amendment to the Finance Act 2023 overseas tour package will attract 20% Tax Collection at Source (TCS). Before this amendment the rate was 5% which has now been increased. This has been […]
Budget 2023 Synopsis
On 1st February 2023, the Finance Minister, Nirmala Sitharaman, outlined the budget for the upcoming fiscal year. The new budget serves as the blueprint for an inclusive and empowered economy. Key highlights of the budget […]
Incorporation of WOS through SPICe Forms
The article enumerates the changes in the Provisions of Companies Act, 2013 as on date in respect of incorporation of a “Subsidiary of a Company Incorporated Outside India or Wholly Owned Subsidiary (WOS) of a […]
Gifts and Taxation in India
World over, we express our love and affection through gifts. Brothers to sisters and Parents gift their children on various occasion, especially during marriage. Grandchildren too receive gifts from grandparents. The question that arises is […]