"CA by profession and social worker by heart. I like to debate on social issue. I love to travel and to watch movie, recently i watch 12th Fail movie and it is classical movie. I believe in spreading the smile. Help students as much as possible because students are future of our county."
SC ruled a bona fide buyer cannot be denied ITC under DVAT Act if seller defaults on depositing tax. The remedy is against defaulting seller, protecting compliant taxpayers.
The 56th GST Council introduces major reforms, including rate changes, a GSTAT rollout, and new refund rules, impacting businesses and consumers nationwide.
Understand taxation of partnership firms in India, covering firm-level tax, partner remuneration, capital contributions and tax implications during reconstitution or dissolution under Income Tax Act, 1961.
CBDT has notified revised ITR forms for Assessment Year (AY) 2025-26, introducing a series of notable changes aimed at improving accuracy, transparency and granularity of income reporting across various taxpayer categories.
Understand gold taxation in India, including what qualifies as a capital asset, short-term vs. long-term gains, and applicable tax rates.
Income Tax Act, 1961, has undergone continuous reforms over the years to enhance clarity, efficiency, and taxpayer compliance. Despite these efforts, ambiguities in certain provisions have often led to misuse such as wrongful claims of deductions, underreporting of income, or complete non-disclosure.
Understand key company compliance requirements in India under the Companies Act, 2013, covering ROC filings, director disclosures, and obligations under other relevant laws.
Recurring accounting errors in non-corporate financials and audit assignment limits for Chartered Accountants are outlined, impacting reporting accuracy.
Discover frequent errors in corporate financial statements, including misclassifications, incorrect depreciation, revenue recognition issues, and disclosure failures. Learn to ensure accurate reporting.
Understand the GST Composition Scheme: eligibility, benefits, restrictions, rates, and compliance for small taxpayers in India under the CGST Act.
