"Qualified in 2008 with AIR 41. Engaged in providing consultancy and advisory services in the field of Taxation - Direct and Indirect."
A clear breakdown of the new disclosures, including ITC reporting in Tables 6A1 and 8A, and how they affect reconciliation for FY 2024-25. Key takeaway: taxpayers must manage additional cross-year ITC tracking.
Explore the amendment in Section 43B(h) of the Income Tax Act, 1961, excluding Wholesale and Retail Traders. Learn how it affects delayed payments and MSME benefits.
Explore the impact of Finance Act 2023’s Section 43B(h) on payments to Micro and Small Enterprises. Detailed analysis, key provisions, and effective dates explained.
Explore the tax implications of Employee Stock Option Plans (ESOP), Employee Stock Purchase Plans (ESPP), and Restricted Stock Units (RSU) received from Indian or foreign companies under the Income Tax Act, 1961. Understand the treatment, valuation, and disclosure requirements for unlisted shares in the context of taxation. Stay informed to ensure accurate filing of income tax returns and compliance with regulatory obligations.
Explore the crucial GST return forms in India, from GSTR 1 to GSTR 9C. Learn about the due dates, consequences of delay, and relevant sections. Stay compliant to avoid interest and late fees.
Understand the implications of Clause 44 of the Tax Audit Report. Learn about the requirements and consequences for entities registered or not under GST.
Resolve the Stopped status of Income tax emBridge Utility effortlessly. Learn how to change the status and sign forms online on the Income tax Portal.
It was well settled position, before the amendments made by Finance Act 2021, that the depreciation can be claimed on ‘Purchased Goodwill’ under the Income tax Law and it was also supported by the decision of Hon’ble Supreme Court in the case of Jogta Coal Co. Ltd. v. CIT 36 ITR 521 where the treatment […]
Off let Income tax Department has started issuing notices under section 143(2) of the Income tax Act, 1961 (Act) for the AY 2020-21 through online mode or through National e-Assessment Facilitation Center highlighting certain issues for which case has been selected for scrutiny assessment proceedings. Let us understand the aspects of the same in view […]
Roadmap for e-Invoicing was laid down with approval of GST Council in its 37th meeting and issue of notification by the Government bearing number 68/2019 CT to 72/2019 CT in December 2019. Due to Global pandemic, implementation of e-Invoicing deferred from April 2020 to October 2020. One of the myths among traders is that e-invoice […]
