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How Outsourcing Accounting is More Beneficial Over in House Accounting Services?

Nikhil6822 Sep, 2025Business

Outsourcing accounting offers businesses cost savings, access to expert professionals, advanced tools, and reduced compliance risks compared to in-house accounting. It allows companies to save time, scale services as needed, and focus on core operations without worrying about accounting errors or regulatory issues. SKMC Global supports businesses with end-to-end outsourced accounting solutions, including bookkeeping, taxation, payroll, and financial reporting, ensuring accuracy, efficiency, and strategic insights for growth.

BENEFITS OF STAR EXPORT HOUSE CERTIFICATE

Nikhil6820 Sep, 2025Business

The Star Export House Certificate empowers exporters with recognition and exclusive benefits under the Foreign Trade Policy, including faster clearances, reduced compliance, and global trade advantages. However, navigating eligibility, documentation, and compliance can be complex. SKMC Global helps businesses seamlessly obtain the Star Export House Certificate by guiding them through documentation, application filing, and regulatory approvals. With our expertise, exporters can save time, minimize risks, and maximize benefits, enabling them to focus on scaling their international trade.

DEBONDING OF SEZ UNIT

Nikhil6819 Sep, 2025Business

Debonding an SEZ unit is a complex process involving regulatory approvals, duty payments, asset revaluation, and compliance closure. Businesses often face challenges in managing documentation, tax implications, and smooth transition to the Domestic Tariff Area (DTA). SKMC Global provides end-to-end assistance in SEZ debonding by handling approvals, reconciliations, asset transfer, and compliance management. With our expertise, companies can minimize risks, save time and costs, and ensure a hassle-free exit from SEZ to DTA for sustainable growth.

Understanding Form 10F

Nikhil6816 Sep, 2025Business

Form 10F is a self-declaration form required from non-resident taxpayers to claim benefits under the Double Taxation Avoidance Agreement (DTAA). It helps NRIs and foreign entities reduce tax liability and avoid double taxation on income earned in India. Filing Form 10F correctly ensures smooth compliance with Indian tax regulations. SKMC Global assists businesses and NRIs with hassle-free preparation, filing, and advisory, ensuring maximum tax benefits and compliance with DTAA provisions.

TDA ON SALE OF IMMOVABLE PROPERTY BY AN NRI

Nikhil6815 Sep, 2025Business

Sale of immovable property by an NRI is not just a transaction but a legal and financial process with significant tax implications. Buyers must comply with TDS provisions to avoid disputes, while sellers need careful planning to manage capital gains tax, use exemptions like LDC, and ensure smooth repatriation. Given the complexities, professional guidance is essential. SKMC Global supports both buyers and NRI sellers with accurate tax computation, compliance, documentation, and advisory, making the entire process of TDS on property sales simple, compliant, and hassle-free.

Setting up a project office in india

Nikhil6812 Sep, 2025Business

India’s rapid economic growth makes it a prime destination for global businesses. For foreign companies executing specific contracts without setting up a full subsidiary, establishing a Project Office is one of the most efficient entry routes. Governed by FEMA and RBI, it enables smooth, project-based operations with structured compliance. While regulatory requirements exist, the benefits often outweigh the challenges. SKMC Global supports businesses through the entire process managing approvals, documentation, legal, tax, and compliance ensuring a seamless setup and hassle-free project execution in India.

Transferring NRO Funds To NRE Account

Nikhil6810 Sep, 2025Business

Managing finances across India and abroad requires clarity on NRE and NRO accounts. While NRE accounts offer tax-free interest and full repatriation, NRO accounts are taxed at 30% plus surcharge, with TDS deducted on income like rent or dividends. Many NRIs prefer shifting balances from NRO to NRE for global mobility, simplified investments, and estate planning. However, this transfer requires prior tax compliance, certificates, and adherence to RBI guidelines. SKMC Global assists NRIs with advisory, documentation, and end-to-end compliance, ensuring smooth, tax-efficient fund transfers.

Comparison between Liaison office & Branch office

Nikhil6809 Sep, 2025Business

Foreign companies entering India can establish either a Liaison Office or a Branch Office, each serving distinct purposes under RBI regulations. A Liaison Office acts as a communication and networking channel without revenue-generating activities, while a Branch Office can undertake business operations and earn income in India. Choosing the right route is crucial for compliance and business goals. SKMC Global assists in evaluating the best option, securing approvals, and ensuring end-to-end compliance for a smooth India entry and sustainable growth.

Shareholders Agreements in Startups

Nikhil6808 Sep, 2025Business

A Shareholders’ Agreement (SHA) is a vital tool in the startup ecosystem, ensuring clarity of roles, protecting investor rights, and providing mechanisms for conflict resolution, governance, funding, and exit strategies. It safeguards both founders and investors by creating a structured legal framework that minimizes risks and builds trust. For startups aiming to attract and retain capital, a well-drafted SHA is often indispensable. SKMC Global assists businesses in designing and implementing comprehensive SHAs, offering expert guidance to align founder-investor interests, ensure compliance, and create a strong foundation for sustainable growth.

Double Taxation Avoidance Agreements

Nikhil6805 Sep, 2025Business

In a globalized economy, cross-border income often faces double taxation, where both residence and source countries claim taxing rights. Double Taxation Avoidance Agreements (DTAAs) resolve this by defining rules, offering reliefs through exemption or credit methods, and ensuring businesses aren’t taxed twice. Claiming tax credits under DTAA requires compliance with treaty provisions, accurate documentation. SKMC Global helps businesses navigate these complexities, optimize tax credits, and ensure seamless international tax planning.