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Hardik Lashkari

Latest Posts by Hardik Lashkari

Taxability of gifts received from clients as a result of good work

August 6, 2021 7098 Views 1 comment Print

Komal, a renowned fashion designer, is famous across Pune city for designing stylish and elegant ladies wear. She designs suits, dresses, and other clothing & accessories for the middle-to-rich class of society. Once, Namrata, wife of a leading diamond merchant of the city, hired Komal to design a nightgown for a family function. Komal designed […]

Personal Branding For Chartered Accountants: A Fail-proof Way To Acquire New Clients And Grow Your Firm

July 22, 2021 8085 Views 3 comments Print

Traditionally, Chartered Accountants acquired clients via their family network, professional events and trade seminars, word-of-mouth promotion, and clients referrals. Mostly, CA firms operate in their own city or state and don’t focus aggressively on acquiring clients from other cities, states, or countries.

TDS Implications for Freelancers and Agency Owners

March 29, 2020 34752 Views 1 comment Print

Freelancers and Agency Owners: Understand The TDS Implications in the Easiest Possible Way Article explains TDS provisions for Freelancers and Agency Owners in the Easiest Possible Way. It explains What is TDS, What happens to the deducted TDS amount, Can I check if the deductor actually filed the TDS return, If the client/Deductore has deducted […]

Residential Status – Am I Resident or Non-Resident?

January 4, 2020 62883 Views 9 comments Print

Non-understanding of correct residential status creates a high buzz for persons residing outside India or the persons visiting foreign for most of the year. They remain confuse whether taxes are to be paid in India and quantum of such taxes

Filing ITR for the first time? – Here’s what you need to know

December 18, 2019 15018 Views 0 comment Print

Article covers When are you actually required to file your ITR, Are there any benefits of filing ITRs, What is the due date of filing ITR, What you need to consider before filing ITR and Points to ponder at the time of filing ITR.

E-invoicing – A probable masterstroke to apply brakes on tax evasion?

June 9, 2019 3387 Views 0 comment Print

What is Electronic Invoicing model? All the taxpayers will create, issue and distribute invoices directly through the GST network. Right now, the businesses issue the invoices through their accounting or billing software. Later, at the time of filing returns, they upload the details and invoices on GST portal.

Get Medical Insurance: Avail 2-in-1 benefits this season!

January 30, 2019 2826 Views 1 comment Print

An individual can claim upto Rs. 25,000 as a deduction on medical insurance of self and family (spouse and dependent children). If the taxpayer or any member in his family is more than 60 years old, maximum deduction claimable is Rs. 50,000.

Confused about Rupee vs Dollar fight? Here’s how you can understand everything easily

October 5, 2018 2739 Views 0 comment Print

Rahul is a software developer who provides services to US Based companies. In return, those companies pay him the professional services in US Dollars. If Rahul was earning $1,000 in 2014, he was making approx. â‚ą 63,000. If Rahul earns $1,000 today, he is making approx. â‚ą 72,000 which means he is earning more than what he was receiving previously.

Beware of Sec 234F: Delay in filing income tax return will be painful now

June 22, 2018 17544 Views 1 comment Print

Delay in filing income tax return is going to be painful now onwards. A new section 234F has been inserted into the income tax act which describes the late fees on account of filing belated returns.

What is the Nirav Modi scandal?

February 19, 2018 22929 Views 6 comments Print

It is textbook banking fraud. Let’s start with a brief overview of how trade in diamonds is settled. Rough diamonds are very expensive, easy to transport, and cutting – polishing them adds little value to the final product. This makes rough diamonds an excellent tool for round-tripping funds into India via fake invoices. Diamond firms raise credit abroad […]

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