Running a business in India means more than just managing operations, employees, and clients—it also means staying compliant with the law. One of the most important compliance requirements for companies registered in India is the statutory audit. But what exactly is a statutory audit, and why is it crucial for Indian companies? Let’s break it …
In today’s competitive business landscape, due diligence is no longer a choice—it’s a necessity. Whether you’re planning a merger, acquisition, partnership, or investment, conducting thorough due diligence helps Indian companies minimize risks and make informed decisions. At PK Chopra & Co., with over 60 years of expertise in professional services, we have guided businesses of …
In today’s competitive and fast-paced business environment, companies in New Delhi are under constant pressure to maintain compliance, improve efficiency, and safeguard assets. One of the most effective ways to achieve these objectives is through internal audits. Unlike statutory audits that focus primarily on financial compliance, internal audits provide a broader, deeper, and more proactive …
Globalization has enabled businesses to expand beyond borders, creating opportunities but also introducing complex tax challenges. One such challenge is transfer pricing—the pricing of goods, services, and intangibles between associated enterprises across international borders. In India, transfer pricing regulations are stringent, and businesses must ensure compliance to avoid heavy penalties. This is where transfer pricing …
Internal audit is like a regular health check-up for your business. It’s an independent and objective process designed to evaluate your company’s operations, identify risks, assess internal controls, and ensure compliance with legal and regulatory frameworks. Why Indian Businesses Need Internal Audits Today In India’s rapidly evolving regulatory and business environment, internal audits are no …
Managing inventory is like handling the lifeline of any business. If you don’t know what you have in stock, you could either overspend or lose revenue opportunities. That’s where a stock audit comes into play — a crucial process for businesses across India. A well-executed stock audit in India ensures transparency, control, and efficiency in …
Delhi, the vibrant heart of India’s economy, is home to countless businesses ranging from ambitious startups to established industry giants. In such a fast-paced and highly regulated environment, every business—no matter its size or sector—faces unique challenges, including compliance risks, fraud vulnerabilities, and operational inefficiencies. An internal audit is not just an optional practice; it …
Facing an Income Tax Audit in Delhi and India can be stressful if you are not fully prepared. Many businesses make avoidable mistakes that lead to penalties, unnecessary scrutiny, or even legal trouble. This blog will walk you through the top mistakes to avoid and how you can confidently navigate your next tax audit. What …
Delhi, the capital city of India, is not only home to countless startups and MNCs, but also a major hotspot for tax scrutiny. If you’re running a business, practicing as a professional, or earning significant income, the Income Tax Department might choose to audit you. But don’t panic—preparation is your best defense. Let’s walk you …
In today’s fast-paced and increasingly complex business world, due diligence has become a cornerstone for making informed decisions. Especially in a diverse and rapidly evolving market like India, conducting thorough due diligence is essential for any business transaction, whether you are investing in a startup, merging with another company, or entering a real estate deal. …