V.Ramaratnam & Company

🇮🇳 Celebrating the Spirit of Freedom & Unity 🇮🇳

On this Independence Day, we honor the sacrifices of our freedom fighters and celebrate the values of freedom, unity, and progress that continue to shape our nation.

Let’s work together to build a stronger, more innovative, and prosperous India. 🇮🇳

Wishing everyone a very Happy Independence Day! Jai Hind!

A Great Learning Experience in GST!

We are happy to share that Uday Kumar Y of V. Ramaratnam & Co. (VRCO) attended the 20th Residential Study Course on GST, organised by the Indirect Taxation Committee of Bombay Chartered Accountants’ Society (BCAS).

It was a wonderful opportunity to learn, connect with fellow professionals and gain valuable insights into the ever-evolving GST framework.

At VRCO, we believe that continuous learning and professional development are key to delivering better value to our clients.

👏 Congratulations to Uday Kumar Y for being part of this enriching programme!

𝗥𝗲𝗰𝗲𝗶𝘃𝗲𝗱 𝗮𝗻 𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅 𝗻𝗼𝘁𝗶𝗰𝗲 𝗳𝗼𝗿 𝗳𝗼𝗿𝗲𝗶𝗴𝗻 𝗶𝗻𝗰𝗼𝗺𝗲? Don't panic!

Many NRIs are getting notices asking them to explain foreign income credited to their Indian accounts. In most cases, it's just routine verification — not a red flag.

Here's what you need to know:
✅ How your residential status (NRI/RNOR/Resident) affects taxability
✅ What documents you need to respond
✅ Common mistakes NRIs make with foreign income

Read the full guide 👉 https://www.vramaratnam.com/indian-income-tax-notice-foreign-income/

Indian Income Tax Notice for Foreign Income: NRI Guide Received an Indian income tax notice for foreign income? Understand NRI residential status, taxability rules, & how to respond with the right documents.

From office desks to roller coaster screams!
What an amazing day with the team. Memories made, friendships strengthened, and lots of fun along the way!

Are you returning to India after working abroad?
Understanding how your foreign retirement savings (like 401(k), IRA, RRSP) are taxed is crucial!
Our latest blog breaks down how Section 89A of the Indian Income Tax Act helps defer tax on income from foreign retirement accounts until you actually withdraw it — helping you avoid double taxation.
Read now: https://www.vramaratnam.com/section-89a-taxation-foreign-retirement-accounts/

Section 89A-Taxation of Foreign Retirement Accounts in India Learn how taxation of foreign retirement accounts in India works for ROR individuals. Claim relief under Section 89A & avoid double taxation on 401k, IRA & RRSP.

Got a GST ITC Demand Notice? Here's how we helped a client fight ₹18 Crore in alleged excess ITC — and WIN!

Our latest case study breaks down how a Section 73 notice under CGST Act, 2017 was successfully contested — with zero additional tax payable at the end.

Key issues we uncovered:
✔️ The notice overstated ITC by ignoring valid ITC reversals under Section 17(5)
✔️ Carry-forward ITC from the previous year was not considered
✔️ A thorough GSTR-3B vs GSTR-2A reconciliation proved no excess ITC was claimed

If you've received a GST demand notice, don't panic. The right documentation and expert analysis can make all the difference.

📞 Need help with a GST notice? Call us:
🇮🇳 +91 98402 77503 | 🇺🇸 +1 818 772 0498 | 🇬🇧 +44 7841 687403

How to Defend ₹18 Crore GST ITC Demand Notice: Case Study Expert GST ITC demand notice strategies from V Ramaratnam & Co. Real case: How accurate reconciliation saved ₹18 crores in disputed tax claims.

Happy New Year! Wishing you a 2026 filled with joy, growth, and beautiful moments. May this year bring you closer to your dreams and surround you with love and laughter. Here's to new beginnings and endless possibilities!

✨ Wishing you a Diwali filled with prosperity, joy, and new beginnings! May the festival of lights bring success and happiness to you and your family .

🪔 Happy Diwali 🪔

VRCO is honored to have conducted a seminar on the future trends in accounting for the Students of Jain College Chennai

Received foreign investment in your Indian company?

Don’t forget to file FC-GPR within 30 days of share allotment!
Avoid penalties and stay FEMA-compliant with our step-by-step guide.

Read now: https://www.vramaratnam.com/fc-gpr-filing-guide/

FC-GPR Filing in India: Step-by-Step Guide for 2025 Learn how to file FC-GPR in India for foreign investments. Understand its applicability, process, due dates, documents required, & penalties for non-compliance.