"Chartered Accountant having more than 7 years of very rich experience in the field of GST, Custom, Income-tax, Company law, LLP law, Corporate law, pre-GST regime indirect tax laws (VAT, Service tax,, Excise law etc.), FCRA, FEMA, Accounting, Financial reporting, Ind-AS, IFRS, stock market etc."
Understanding section 54 of the Income-tax Act, 1961. Learn about the relief it provides to individuals and HUF on the transfer of residential property.
GST Council held its 43rd meeting on 28th May 2021 and in this meeting GST Council recommended various changes relating to change in GST rates and changes related to GST law and procedures but in this article we will discuss amnesty scheme for GSTR-3B, rationalization of late fee and waiver of late fee for the […]
No more income tax return filing for senior citizens aged 75 or more. Find out how the Finance Act, 2021 provides relief and reduces compliance burden.
Under Income tax law income tax can be collected in two ways i.e. directly from the assessee where assessee makes tax payment directly (i.e. self assessment tax and advance tax or tax or any other sum on assessment) or indirectly from the assessee where tax is borne by the assessee but payment is made by […]
Invoice is very important document that is why rules related to invoices set requisite particulars which need to be mentioned on invoice and such invoice can also contain other information or particulars which will be in addition to requisite particulars as required by rules. Rules 46 of CGST Rules, 2017 talks about particulars to be […]
Avoid late fees for not linking your PAN with Aadhaar. Learn about the new section in the Income-tax Act and how to comply with the requirements.
Under Income tax law revised return is dealt in section 139(5). Now first question which must come to your mind that why there is concept of revised return. Revised return in simple words can be termed as return which is filed to correct error or mistake i.e. correct return. While filing ITR whether original return […]
From 1st January 2021 QRMP (Quarterly return monthly payment) scheme came into existence, which allowed to registered person having aggregate turnover upto Rs.5 crore in preceding financial year to opt for QRMP scheme. Therefore this scheme is not available to registered having aggregate turnover of Rs.5 crore in preceding financial year. This Scheme is optional […]
Memorandum of association (MOA) can be called as the Constitution of company. First clause in MOA is name clause where company is required to state its name along with private limited (in case of private limited company) or limited (in case of public limited company) or Producer Company limited (in case of Producer Company). Legislature […]
Now first question which must come to your mind why CIN is allotted to company so let’s find out the answer to this question if you see other law like under Income-tax law you get PAN, under GST law you get GSTIN etc. just like in similar way CIN is allotted to company on incorporation […]
