"I'm a Chartered Accountant, an IRS aspirant and a Tax columnist. I have written articles/posts on Taxation related updates and for CA students on LinkedIn, on various Taxation websites and in ICAI Journals. I did my articleship at CVK & Associates under the able guidance of CA Amit Dhavale & CA Himanshu Joshi. During the same, I have gained vast exposure in Taxation and Audit with clientele ranging from Individuals to Private Ltd Companies dealing in various facets of business dimensions such as Manufacturing sector, Export-oriented unit, Restaurant and Hospitality services, Catering and Consultancy service and Goods trading. The work performed included Accounting, Financial services, Compliance and Advisory. Thus, had a great and wide learning experience in the field of GST, Income Tax, Tax Audit, Internal Audit as well as Appeals and Scrutiny over the period of 3 years of my articleship. I have completed my Post Graduation from Mumbai University and done my Graduation in Commerce stream from the renowned B K Birla College of Arts, Science and Commerce. My major skills being sincere and committed approach towards my work and studies. I'm an avid reader and learner of Tax laws and related content and strive to keep myself updated and strengthen my core competencies. I have profound interest in Taxation which is reflected in the articles and posts written by me on Taxation related updates and for CA students on LinkedIn, Taxguru, Compliance Calendar LLP, Tax Concept and in ICAI Journals. I also have my own blog on Wordpress for the same. Additionally, I'm fond of mentoring newbies on LinkedIn or into the CA Course or UPSC aspirants and guide them through my articles and personal experiences. Also to take the same ahead, we have also started up a new venture by the name "Profound Alley" which is a team of 10 CA students across the country who share their valuable insights on various topics via LinkedIn posts."
With Budget 2021 round the corner, there are discussions on what the FM has in store for the Taxpayers & one of the talks doing rounds is a COVID-19 Cess. So let’s have a brief overview of what and how exactly this concept of Cess works – 📍 Article 270 of the Constitution of India […]
The Income-tax, Act, 1961 has in all 298 sections and many of these have cross reference to each other while interpreting the provisions. In such a scenario, when any amendment takes place in any of the sections, the corresponding effect and reference should be given to the relevant related sections as well. However, inconsistency exists […]
Here’s a list of a few Important Taxation amendments w.r.t. Tax Audit/Company Audit for FY 2019-20: 1. The threshold limit of Rs 1 crore for applicability of Tax audit u/s 44AB(a) is increased to Rs 5 crore if the taxpayer’s cash receipts are limited to 5% of the gross receipts or turnover and the cash […]
Every year July end due dates have one thing in common and that is ITR filing for the taxpayers whose accounts are not required to be audited. But this time around we are all locked up in our homes due to the COVID-19 pandemic and it’s implication being extension of compliance due dates. Thus, this […]
New Tax filing due date for FY 19-20 extended to 30th Nov, 2020. Get all the details about interest-free Tax payments and important sections of Income-tax Act.
CBDT vide Notification No 11/2020 dated 13.02.2020 speaks out the following 3 things in respect of PAN becoming inoperative if not Linked with Aadhar by the 31st of March, 2020 –
Amongst the many questions and complications in respect of GST compliance which the people are facing, one of the basic and important conundrum is ‘Interest levy in case of delayed payment of GST – Whether to be charged on Gross or Net ??’
Within days after notifying the New ITR Forms, CBDT vide a Press release dated 09.01.2020 has rolled back the non-applicability clauses which were inserted through Notification 01/2020 dated 03.01.2020 by amending Rule 12 of the Income-tax rules, 1962. This gives a major relief to taxpayers who jointly own House property or to those High spenders […]
CBDT began the new year by introducing the Formats of ITR 1 & 4 even before the Financial Year ended. Then why should their counterpart stay back ! So the CBIC as well has began it’s task towards the roll out of new GST Returns in this year in terms of the decisions of the […]
Analysis of CBDT Notification 01/2020 Revised format of ITR-1 and ITR-4 for FY 19-20 notified!! ITR Forms which usually are issued somewhere around in the first week of April of the relevant Assessment Year, this time have been issued on 3rd January itself!! [Only ITR-1(Sahaj) & ITR-4(Sugam)] The very reason for the same is the […]
