"I am a CA Finalist and a Commerce Graduate. Apart from academics, I love playing keyboard, I am a state level medalist in Swimming Sport, I am Managing Partner at SCGF and I am Founder of Taxchela. My interest in sports has also helped me in understanding team dynamics."
Explore the provisions and restrictions governing loans to directors and close related parties in public, government, private, and Nidhi companies as per Section 185.
Learn Everything About SFT (Statement of Financial Transactions) and the Basic Provisions included in Section 285BA of Income Tax Act, 1961. Know who should provide SFT and the types of transactions reporting persons must report.
Learn about the provisions of rebates and reliefs under the Income Tax Act in Chapter 8. Discover how these deductions can reduce your tax liability.
Effective Date: All the existing trusts and institutions registered under section 12AA of Income Tax Act, 19861 shall re-register themselves under section 12AB w.e.f. 01.04.2021 Registration u/s 12AB: Registration granted u/s 12AB shall remain valid for 5 years. (3 years in case of provisional registration) Forms to be filled: Form 10A: (Last date of filling […]
How are Fuel Prices Determined in India? Fuel rates are revised everyday at 06:00 AM in India, and this is called dynamic fuel price method. This makes sure that variations of global oil prices throughout the day are transmitted and reflected to fuel users and dealers. Let us understand few terms before understanding how the […]
Profits and Gains of Business or Profession (PGBP) Additions and Deductions Following things should be added to ‘Net Profit as per books’: 1. Depreciation as per BOOKS 2. Income tax in BOOKS (including duty, cesses, late fee, or any other payments related to income tax liability) 3. 30% sum payable to residents on which TDS […]
What is an FDM ? Before diving into GST applicability on FDM, let us understand what is Foreign Diplomatic Mission. Basically FDM is a group of people from an organisation of a country located in other countries. (i.e. embassies, UN Agencies, UN offices, consulates, etc.) FDMs are under the jurisdiction of the country in which […]
This is the last clause of MOA (Memorandum of association) (aka Subscription Clause). A company itself is an association of persons and this association is formed by Memorandum. The individuals who want to be part of this association needs to sign Memorandum of the company, this part where such signatures are affirmed is called association […]
