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Bharath Kumar Jain

Latest Posts by Bharath Kumar Jain

Demystifying Audit Trail (Edit Log)

April 8, 2023 14535 Views 0 comment Print

An Audit Trail is a detailed, chronological record where accounting, and other financial data are tracked and traced. It is advisable to have an Audit trail as it would verify and track all kinds of transactions, work processes, accounting details, trades, accounts etc, especially now that the MCA has made it mandatory.

Demystifying GST On Used Goods

February 21, 2022 31407 Views 7 comments Print

Normally GST is charged on the transaction value of the goods. However, in respect of second hand goods (Used Goods), a person dealing is such goods may be allowed to pay tax on the margin i.e. the difference between the value at which the goods are supplied and the price at which the goods are […]

Demystifying Section 80IBA: 100% Income Tax Deduction for Affordable Housing Projects

August 6, 2021 21693 Views 4 comments Print

Real estate sector is one of the most globally recognized sectors. It comprises of four sub sectors – housing, retail, hospitality, and commercial. Corporate environment and the demand for office space are few of the factors for the growth. This growth in the sector plays a substantial role in the increased prices of the lands […]

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