"Tejas Karnani is a Chartered Accountant by qualification. He qualified as a Chartered Accountant in May 2017. Since qualification, Tejas has worked extensively on multinational clients involved in Technology, Engineering & Consultancy, Travel, Hospitality, Auto and Infrastructure sector. He has worked on various tax and regulatory assignments under Direct Taxation, Indirect tax, Companies Act and other regulatory laws. Besides providing services to Multinational Clients, he is also helping number of Startups in getting Startup India Recognition, Funding and getting incubation."
Deliberating if gains from share sales should be taxed as Capital Gains or Business Income. Factors include investment intent, transaction frequency, and legal guidelines.
Government vide its notification no. 28/2023 dated 22 May 2023, introduced rule 133 under Income Tax Rules (the Rule) to provide the mechanism of calculation of the net winnings. While computing the net winnings following terms have been defined which will be used in formula for computation.
Unlock the secrets of financial reporting for non-corporate entities with our comprehensive guide. Learn about the recommended formats for balance sheets and profit and loss statements, and understand the disclosure requirements. Explore the impact of recent initiatives by the Accounting Standard Board of ICAI on non-corporate entities’ financial statements. From understanding levels of applicability to detailed instructions for preparation, our guide empowers you with the knowledge needed for transparent, comparable, and unbiased financial reporting.
