K S L Network reposted this
Profit looks good, but cash flow keeps you running. If cash isn’t moving right, even profitable businesses feel the pressure. #CashFlowMatters #ProfitVsCashFlow #BusinessFinance #FinancialHealth #SmartMoneyManagement
K S L Network
Accounting
Vadodara, Gujarat 2,001 followers
K S L Network: A Consortium of Established Excellence
About us
For us, K S L is Knowledge, Service and Legacy! We have embarked upon an exciting journey – a journey of building global Indian CA firms on the foundation of these three pillars of Knowledge, Service and Legacy. From different parts of the country, we at K C Mehta & Co LLP, Suri & Co and Laxminivas & Co have decided to take a leap of faith and create K S L Network with a dream of building a responsible homegrown Network of Chartered Accountancy Firms. We embark on this journey with an objective of servicing our stakeholders with increased outreach, synergies, passion, confidence, consistency and quality standards. We are conscious that that this collective dream is a responsibility and as a Network supported by all our well wishers, we look forward to fulfilling the same by putting our Profession at the highest pedestal.
- Industry
- Accounting
- Company size
- 501-1,000 employees
- Headquarters
- Vadodara, Gujarat
- Type
- Privately Held
- Founded
- 2025
- Specialties
- Audit, Corporate Tax, International Tax, Transfer Pricing, Expatriate Tax, GST, Customs, Foreign Trade Policy, Internal Audit, GRC, Mergers and Acquisitions, Valuations, Strategic Advisory, Corporate Law, Incubation Support, Government Incentives, ESG, Supply Chain Optimisation, Accounting Advisory, and Forensics Audit
Locations
Updates
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K S L Network reposted this
#CAArticleship is one of the foundational item in #CA course. The period of Articleship is now kept at 2 years. It is extremely important that a student is able to very effectively utilise these two years in core training. This can happen only if they are engaged in execution of work for the maximum period of time. Considering this Kaimas Mehta (Prof K C Mehta) had led us to structured orientation and training of new articles in K C Mehta & Co LLP. We lost our founder in June. In his memory we set up Prif K C Mehta Foundation and have decided to make this programme available to larger fraternity. #SkillBridge is one such programme started in partnership with Baroda Branch of WIRC of ICAI. This is aimed for preparing students for articleship not only for the practical training but also for office etiquette, communication skills and other related soft skills. Please take benefit of this. Saumil Mehta Prashant Kotecha Dhruvik Parikh Kiran Lalwani
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K S L Network reposted this
Big news, and even bigger welcome! At K C Mehta & Co LLP, we believe that exceptional people create exceptional outcomes, and today, we are absolutely delighted to share that Mr. Dhiren Shah has joined our partnership as Senior Partner and Head – Group Tax Strategy at our Ahmedabad office. This is a moment we celebrate with immense pride. Dhiren carries with him close to three decades of remarkable experience, a career built on solving some of the most intricate tax challenges faced by India's largest business conglomerates, promoter families, and global multinationals. Whether it was leading the Tax Practice at PwC Ahmedabad or helming the Direct Tax function for the Adani Group, one of India's most formidable corporate empires, Dhiren has consistently operated at the very top of his craft, earning the trust of boards, promoters, and leadership teams across industries. His command over international taxation, transfer pricing, cross-border structuring, M&A advisory, group restructurings, APAs, and tax governance is not just impressive, it is transformative for the clients he serves. At KCM, Dhiren will lead and deepen our Group Tax Strategy practice, bringing with him a rare blend of strategic vision and hands-on expertise. Promoter groups, family offices, and multinational businesses partnering with us can look forward to advisory that is sharper, more holistic, and truly future-oriented. But beyond the credentials, we are welcoming a leader, someone who inspires teams, nurtures talent, and elevates every room he walks into. And that, to us, matters just as much. Dhiren, we are so glad to have you with us. Here's to building something extraordinary together! Welcome to the KCM family! K S L Network
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K S L Network reposted this
Periodic internal audits serve as a catalyst for identifying financial leakages and improving profit margins. Discover how structured operational reviews enhance manufacturing efficiency and growth. Open to read: https://lnkd.in/gtGDqrRR #Suriandco #Internalaudit #Accountingfirm
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12A renewal missed before transition — which form applies? A practical issue for trusts: Where registration was valid up to AY 2026-27 but renewal in Form 10AB was not filed before transition, which framework applies now? Since the obligation to renew arose under the old law, the delayed application should still be filed under the 1961 Act framework — i.e. Form 10AB under Rule 17A (Rules, 1962), with condonation request. Form 105 under Rules, 2026 would not apply, as section 536(2)(c) preserves the earlier procedural regime for such cases. Missed compliance under old law must be cured under old forms, not migrated to new regime. #IncomeTax2026 #CharitableTrust #12A #TaxTransition #Exemption K C Mehta & Co LLP | Suri & Co | Laxminiwas & Co Milin Mehta | Sanjeev Aditya | CA Dayaniwas Sharma (Daya)
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Rectification after 1 April 2026 — which law applies? Where rectification is sought after 1 April 2026 for an appellate order relating to pre-transition years, the proceedings continue under the Income-tax Act, 1961. Rectification is treated as a continuation of the original appellate proceedings. Accordingly, both substantive provision and limitation follow the erstwhile law. Even post-transition, rectification for years prior to Tax Year 2026-27 remains fully within the framework of IT Act 1961. #IncomeTax2026 #Rectification #TaxLitigation #Appeals #TaxTransition K C Mehta & Co LLP | Suri & Co | Laxminiwas & Co Milin Mehta | Sanjeev Aditya | CA Dayaniwas Sharma (Daya)
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Transition to Income-tax Act, 2025 & Income tax rules 2026 Which law governs appeals to be filed after 1 April 2026? Even if an appeal is filed after 1 April 2026, it will continue to be governed by the Income-tax Act, 1961 where appeal relates to AY 2026-27 or earlier years. In other words, for such years, Form 35 under ITR 1962 needs to be filed and not Form 99 under ITR 2026. Section 536(2)(c) of IT Act 2025 effectively preserves the old appellate framework for pre-transition tax years despite proceedings being initiated under the new regime. New Act governs future years, but legacy years continue under the 1961 Act, including appeals filed post-transition. #IncomeTax2026 #TaxLitigation #Appeals #TaxTransition #IndiaTax K C Mehta & Co LLP | Suri & Co | Laxminiwas & Co Milin Mehta | Sanjeev Aditya | CA Dayaniwas Sharma (Daya)
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Transition to Income-tax Act, 2025 & Income tax rules 2026 What happens to existing lower/Nil withholding certificates issued for FY 26-27? Lower/Nil withholding certificate issued under section 197 of the 1961 Act continues to remain valid even after 1 April 2026, provided it covers projected receipts for FY 2026-27. – CBDT FAQ on Interplay and Transition – FAQ No 2.12 No immediate need to seek fresh certificate merely due to shift to the new Act — existing certificate if already issued - can continue to govern withholding. #IncomeTax2026 #Section197 #WithholdingTax #TaxTransition #InternationalTax K C Mehta & Co LLP | Suri & Co | Laxminiwas & Co Milin Mehta | Sanjeev Aditya | CA Dayaniwas Sharma (Daya)
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Transition to Income-tax Act, 2025 & Income tax rules 2026 A key transition nuance for cross-border remittances: Where income of NR accrues under the 1961 Act i.e. before 31 March 2026 but remittance is made after 01 April 2026 i.e. after new IT Rules 2026 becomes effective, the certification framework shifts. · Chargeability analysis — under erstwhile law – IT Act 1961 · Remittance certification — Form 146 (IT Rules, 2026) · Not the earlier Form 15CB (IT Rules, 1962) Same payment may require old-law taxability but new-form certification. CBDT FAQ on Interplay and Transition – FAQ No 4.27 #IncomeTax2026 #Form146 #Form15CB #TaxTransition #InternationalTax K C Mehta & Co LLP | Suri & Co | Laxminiwas & Co Milin Mehta | Sanjeev Aditya | CA Dayaniwas Sharma (Daya)
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Key Changes in exemption threshold for Allowance & Perquisites under Income Tax Rules, 2026 India’s direct tax framework is transitioning to the Income-tax Act, 2025 from Tax Year 2026–27. Following our first release on TDS/TCS provisions, we are pleased to share Part 2 of our transition series. This edition covers revision in exemption thresholds for employees’ allowances and perquisites, impacting personal taxation, payroll structuring, redefining salary break-ups and withholding obligations effective April 1, 2026. The presentation summarizes key changes under the Income-tax Rules, 2026 vis-à-vis Income tax Rules 1962, with a focus on changes in exemption thresholds for employees’ key allowances and perquisites from Tax Year 2026–27 onwards. Congratulations to the team for putting together this release — Akshay Dave, Dhaval Trivedi, Pratik Shah, CA Minesh Rawat and Krupal Shukla. K C Mehta & Co LLP | Suri & Co | Laxminiwas & Co Milin Mehta | Sanjeev Aditya | CA Dayaniwas Sharma (Daya)