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AVS & Associates

AVS & Associates
Chartered Accountants • Company Secretaries • Advocates
Legal • Tax • SEBI • Company Law • NGO Advisory
🔷 Expert-led.

Relationship-driven.
📍 Based in Delhi | Serving All India
🌐 www.avsrelation.com
📩 [email protected] |

19/05/2026

Filing your Income Tax Return early is good — but filing it correctly is more important.

Many taxpayers rush to file ITR in May or early June without properly checking updated tax data. However, details such as Form 26AS, AIS/TIS, Form 16/16A, bank interest, mutual fund/share transactions, and SFT entries may take time to get fully updated.

Before filing your ITR, always reconcile your income, TDS, investments, and high-value transactions properly.

A small mismatch today can lead to notices, revised returns, or unnecessary compliance issues later.

Correct Filing > Early Filing

For accurate and hassle-free ITR filing, consult a qualified tax professional.

AVS & Associates
Relationship is Priority

12/05/2026

Daily backup of digital books is no longer just an IT practice — it is becoming a serious tax compliance requirement.

Under Rule 46(8) of the Income-tax Rules, 2026, businesses maintaining books of account electronically are required to ensure:

✅ Books remain accessible in India
✅ Backup is maintained on a daily basis
✅ Backup servers are physically located in India
✅ Accounting software and cloud storage systems are compliance-ready

This change highlights the growing focus on digital record integrity, data accessibility, and audit readiness under the new Income-tax framework.

Businesses should start reviewing their accounting software, cloud storage arrangements, server locations, and backup policies well in advance.

A small system gap today may become a major compliance issue tomorrow.

For professional assistance, connect with AVS & Associates.

07/05/2026

🚨 Digital Arrest Scam is Real — Even Professionals Are Being Targeted! 🚨
A Senior Chartered Accountant reportedly lost ₹1.03 Crore after fraudsters posed as ED/CBI officers through fake video calls, fabricated FIRs, and psychological pressure tactics.
⚠️ Remember:
❌ No authority conducts “Digital Arrest” on video calls
❌ Never transfer money under fear or pressure
✅ Always verify through official government channels
Fraudsters commonly use:
• Fake video calls in uniform
• Fake FIRs & legal threats
• Pressure for urgent fund transfers
📞 Cyber Fraud Helpline: 1930
🌐 Report at: National Cyber Crime Reporting Portal
Stay alert. Stay informed. Share this awareness with your family, clients, and colleagues.
— AVS & Associates
Relationship is Priority

06/05/2026

Wrong GST type paid by mistake? Don’t panic — GST law provides relief.

If IGST is wrongly paid and later the supply is treated as intra-State, the taxpayer can pay the correct CGST + SGST and claim refund of the wrongly paid IGST.

As per Section 19 of the IGST Act, 2017 and CBIC Circular No. 162/18/2021-GST, such correction is allowed without creating a double tax burden.

GST mistake can be corrected — provided it is handled properly and timely.

For GST refund and compliance support, connect with AVS & Associates.

01/05/2026

On the auspicious occasion of Buddha Purnima, may the teachings of Lord Buddha guide us towards peace, wisdom, compassion, and enlightenment.

Let us embrace the path of truth, kindness, and inner harmony.

Wishing everyone a blessed Buddha Purnima.

28/04/2026

Is your trademark application stuck for months or even years?

Many trademark applications remain pending due to registry backlog, objections, opposition matters, procedural gaps, or lack of proper follow-up.

A pending trademark may affect your brand protection, business credibility, and long-term brand value.

Before waiting endlessly, get your application professionally reviewed and understand the exact reason for delay along with the possible legal options.

Share your Trademark Application Number for review.

AVS & Associates
CA | CS | Advocates
🌐 www.avsrelation.com

📧 [email protected]

27/04/2026

Hiring new employees? Your business may be eligible for a 30% tax deduction on additional employee cost under the new Income-tax framework, subject to prescribed conditions.
But remember — this benefit is not automatic.
Salary limits, minimum working days, PF participation, payment mode, CA report and restructuring restrictions must be carefully checked before making the claim.
A wrong claim may lead to disallowance, tax demand and scrutiny risk.
At AVS & Associates, we help businesses claim tax benefits correctly, with proper documentation and compliance support.
AVS & Associates
Relationship is Priority
🌐 www.avsrelation.com
📧 [email protected]

24/04/2026

AI is no longer just a technology discussion — it is now a governance, data security, and compliance concern.

With banks increasingly adopting Artificial Intelligence, the key question is not only “how fast we adopt AI” but also “how safely and responsibly we use it.”

For the banking and financial sector, AI-related risks may include:

✅ Data security concerns
✅ Misuse of customer information
✅ Algorithmic bias and unfair decision-making
✅ Cybersecurity exposure
✅ Need for stronger regulatory oversight

As AI adoption grows, compliance teams, management, and regulators must work together to ensure responsible innovation.

Technology risks are becoming compliance risks.

21/04/2026

Smell can now be a Trademark in India. 👀
Branding is no longer limited to names, logos, colours or sounds. A distinctive scent can also become a protectable brand identity.

Branding ka naya era shuru. 🔥

17/04/2026

🚨 Stay Alert: Financial Scams Are Getting Smarter

We are observing a growing trend where fraudsters send fake “statement” files (ZIP/PDF/Excel) through WhatsApp, email, or unknown numbers to gain unauthorized access to systems and financial data.

⚠️ What makes it dangerous?

Looks like a genuine client/vendor communication
Uses familiar terms like “Reconciliation Statement”
Sent from unknown or spoofed contacts

✅ Our Advisory to Businesses & Professionals:
• Never download files from unknown senders
• Always verify the sender through a secondary channel
• Avoid opening ZIP files unless absolutely necessary
• Implement internal SOPs for document verification

📌 Remember:
One wrong click can compromise your entire financial ecosystem.

At AVS & Associates, we believe compliance is not just about filings—
it’s about protecting your business from unseen risks.

📩 Need help setting up internal controls or compliance systems? Let’s connect.

16/04/2026

**Still carrying pending ROC filings?

CCF Scheme 2026 may be the compliance window many companies were waiting for.**

The **CCF Scheme 2026** offers a valuable opportunity for companies to regularise pending filings at substantially reduced additional fees.

**Key highlights:**
✅ Scheme applicable from **15 April 2026 to 15 July 2026**
✅ Major relaxation in additional filing fees
✅ Opportunity for inactive companies to consider **strike-off** or **dormant status**
✅ Coverage of important Companies Act filings such as **MGT-7, MGT-7A and AOC-4**
✅ Relief-oriented compliance window for defaulting companies

For many businesses, this is not just a concession — it is a chance to **clean up pending compliances, reduce future risk, and restore legal standing**.

If your company has delayed annual filings or old ROC defaults, this may be the right time to act carefully and strategically.

At **AVS & Associates**, we help businesses with:
• Review of pending ROC compliances
• Applicability check under the scheme
• Filing support and documentation
• Strike-off / dormant status advisory
• End-to-end compliance regularisation

📩 For professional assistance, connect with us.
🌐 [www.avsrelation.com](http://www.avsrelation.com)

Address

Basement, 938/3, Sewak Chember, Block 49A, Nai Walan, Karol Bagh
New Delhi
110005

Website

http://www.avsrelation.com/

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