MANISH MALHOTRA & ASSOCIATES (2M)

Income Tax SAKSHAM NUDGE Campaign: 63,000 Restaurants Asked to Update Tax Returns The Income Tax Department has launched the SAKSHAM NUDGE Campaign after detecting possible tax evasion patterns in the Food & Beverage sector. Using advanced artificial intelligence and analytics tools, authorities examined transactional data from thousands of restaurants and identified significant discrepancies between actual sales and income reported in tax returns. The campaign aims to encourage voluntary compliance by prompting businesses to correct errors by filing Updated Returns under Section 139(8A) of the Income Tax Act . Official Press Release Income tax Department carries out nation-wide verification exercise on restaurants suppressing turnover IT Department conducted a nationwide survey on 8th March 2026 on 62 restaurants across 46 cities in 22 States, revealing suppression of sales of around Rs. 408 crore IT Department continues to emphasise voluntary compliance and a ...

Start Your Business in India Without Investment (A step by step Guide) Complete guide to starting a business in India without investment including MSME registration, GST rules, accounting, and getting your first clients. Many people believe that starting a business requires a lot of money. However, the reality is that you can start a business in India with almost zero investment , especially if you start with a service-based business . This guide explains how anyone can legally start a business with minimal cost. The only investment required is your time, knowledge and skills . Quick Insight: Thousands of freelancers and professionals in India start their business every year without capital by offering skill-based services. Table of Contents Product or Service Skills – Your Real Capital Legal Recognition MSME Registration Opening a Bank Account GST Registration Accounting Registered Office Digital Presence Getting First Client Step-by...

When Should You Buy a Home? Buying vs Renting Guide Introduction Buying a home is one of the biggest financial and emotional decisions in life. It is not merely about affordability of EMI , but about aligning income stability, career growth, family responsibilities, inflation impact, and long-term financial goals. Many individuals struggle with one fundamental question — should I buy a house or continue renting?  The right decision depends on financial readiness, lifestyle stability, opportunity cost, and long-term clarity. This article provides a practical framework to decide not only when to buy, but also when renting may be the smarter choice. Issue / Question Involved When should an individual choose buying over renting? Under what circumstances is renting financially and strategically better? How do income stability, career mobility, inflation, and opportunity cost in...

एकल स्वामित्व (Proprietorship) – भारत में सबसे सरल व्यवसाय मॉडल व्यवसाय शुरू करने के लिए हमेशा बड़े निवेश या जटिल कानूनी ढांचे की आवश्यकता नहीं होती। कई सफल उद्यम बहुत छोटे स्तर से शुरू होते हैं। ऐसे उद्यमियों के लिए एकल स्वामित्व (Proprietorship) भारत में सबसे सरल , तेज़ और किफायती व्यवसाय मॉडल है। यह उन लोगों के लिए आदर्श है जो कम पूंजी , कम अनुपालन (Compliance) और पूर्ण नियंत्रण चाहते हैं।   एकल स्वामित्व (Proprietorship) क्या है ? एकल स्वामित्व ऐसा व्यवसाय है जिसे एक ही व्यक्ति स्वयं स्थापित करता है , संचालित करता है और नियंत्रित करता है। इसमें मालिक और व्यवसाय के बीच कोई अलग कानूनी पहचान नहीं होती । व्यवसाय से होने वाला पूरा लाभ और पूरा जोखिम मालिक का ही होता है। Income Tax Act, 1961 के अंतर्गत कानूनी मान्यता Income Tax Act, 1961 की धारा 2(31) के अनुसार “Person” में शामिल हैं : Individual ( व्यक्ति ) Hindu Undivided Family (HUF) Company...