"I'm a Practicing Chartered Accountant and founder of D Rahul and Associates, Navi Mumbai. Having a rich experience of more than 14 years. Expertise in field of Income Tax and GST along with account finalization, Auditing , board presentation, MIS reporting, corporate and tax planning, cost reduction, internal control, company formation & RoC filing etc. I believe in knowledge sharing & tax awareness. With this motto, writes articles on Tax-Guru. I am also associated with other online sites for sharing knowledge. "
Understand the taxation of winnings from online gaming like Dream11, Jungle Rummy, etc., as Section 115BBJ replaces Section 115BB before April 1, 2024. Learn about the new TDS provisions under Section 194BA, effective from July 1, 2023, with no threshold limit, impacting online gaming companies and players. Stay informed to comply with tax regulations and avoid penalties.
Central Board of Direct Taxes (CBDT) has extended the last date to link Permanent Account Number (PAN) with Aadhaar to June 30, 2023 vide Income Tax Notification No. 15/2023 Date: 28th March, 2023 by amending Rule 114AAA – Manner of making permanent account number inoperative. CBDT has extended the deadline to link PAN with Aadhaar for […]
The Goods and Services Tax Network (GSTN) has enabled the functionality to furnish a Letter of Undertaking (LUT) for the Financial Year 2023-2024 on the GST Portal. Who can furnish LUT & benefit of furnishing LUT: Letter of Undertaking or LUT is to be furnished by exporter for exporting goods without payment of GST (IGST). […]
Recipient of goods or services can avail Input Tax Credit, but what if the supplier fails to pay the tax? Discover Rule 37A and when ITC must be reversed with this blog post!
Learn how Input Tax Credit (ITC) can be availed even when there is a mismatch in GSTR-2A/2B. Understand the procedure applicable for the financial year 2017-2018 & 2018-2019, covering scenarios such as GSTR-1 not filed, failed reporting, wrong reporting, and incorrect GSTN. Get insights into the process to claim ITC in case of discrepancies and the conditions to be fulfilled. Stay informed with the latest updates post the 48th GST Council meeting.
Learn about the risk management process and how to avoid potential pitfalls when claiming a TDS refund. Dont fall into the trap of fake deductions and penalties.
The basic issue is that, in most cases, the ocean freight is paid by the seller or companies that are not based in India. So, for instance, if a company based in USA is exporting goods to India, the company tends to enter into an agreement with shipping companies and pay ocean freight.
Discover seven smart income tax planning tips to reduce your tax liabilities legally and effectively.
During the Inception period of GST era due to various reason like technical glitches in the portal, heavy load on the portal, assesses dependency on the portal’s offline utility, novel procedure to file the return etc. many assesses filled GSTR-3B belatedly when the portal resumed, or technical issue resolved or however they have deposited the […]
September is very crucial month from Annual GST compliance Perspective, as September’s 3B filing date is the last chance to rectify the Input Tax Credit & Output GST Liability pertaining to financial year 2020-21. In this article an attempt has been made to elaborate “Must do Things” before filing 3B of September 2021 to be […]
