"About Me As a Practicing Chartered Accountant and founder of D Rahul and Associates, Navi Mumbai, I bring over 16 years of expertise in providing comprehensive financial solutions. My areas of specialization include Income Tax, GST, Tax Planning and Advisory, Account Finalization, Auditing, Corporate Advisory, NRI Taxation, Cost Reduction, Internal Control, Company Formation, and ROC Compliances. I firmly believe in the importance of knowledge sharing and tax awareness. To this end, I regularly contribute articles on Tax-Guru and collaborate with other online platforms to disseminate valuable insights and expertise. Feel free to connect with me for any financial or tax-related queries. I will be happy to share my knowledge with the public at large. "
The article analyses when a company buys a house jointly with its director and allows personal use. The key takeaway is that arm’s length rent is safer than rent-free occupation.
This article explores how taxpayers can save Long-Term Capital Gains (LTCG) arising from the sale of agricultural land. Relevant Section for the purpose of Capital Gain exemption are Section 54B, Section 54F and Section 54EC, which we are going to discuss in this article.
Learn key tax rulings on Section 54/54F exemptions for property sales, including land size, appurtenant land, property use, and agricultural land considerations.
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.
