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Rectification Under Section 154 of Income Tax Act,1961

Income Tax : Hello readers, we all understand rectification just as correction in any order passed by Income tax authority concerned so let's r...

June 10, 2020 218674 Views 36 comments Print

Indexation of Inherited Property

Income Tax : A big question arise in the mind of every professional that whether benefit of Indexation can be claimed on Inherited Property ; i...

June 6, 2020 88282 Views 12 comments Print

Everything About Certificate of Commencement of Business & INC 20A Form

Company Law : After the commencement of Companies (Amendment) Ordinance Act, 2018, every company shall obtain certificate of Commencement of bus...

January 28, 2019 24834 Views 2 comments Print

Investment In Fixed Deposits– Income Tax Deduction For Aam Aadmi

Income Tax : Where an Individual or HUF has deposited or paid any amount as Fixed Deposit in any Scheduled Bank for a term not less than 5 Year...

June 21, 2018 85295 Views 15 comments Print

Live Procedure to Complete GST Registration

Goods and Services Tax : Hello readers, finally the day came we all are waiting for, GST become reality; I know that everyone in Industry, Business world &...

June 28, 2017 15618 Views 12 comments Print


Latest Posts in Ankit Gupta

Rectification Under Section 154 of Income Tax Act,1961

June 10, 2020 218674 Views 36 comments Print

Hello readers, we all understand rectification just as correction in any order passed by Income tax authority concerned so let’s review every clause of section 154 in detail with relevant judgement and my significant findings to it.

Indexation of Inherited Property

June 6, 2020 88282 Views 12 comments Print

A big question arise in the mind of every professional that whether benefit of Indexation can be claimed on Inherited Property ; if yes then second half thought is whether it can be claimed from the year in which it is first held by the assessee or from the year in which it is occupied by the Previous Owner or predecessor.

Everything About Certificate of Commencement of Business & INC 20A Form

January 28, 2019 24834 Views 2 comments Print

After the commencement of Companies (Amendment) Ordinance Act, 2018, every company shall obtain certificate of Commencement of business by filing form INC 20A within 180 days of its incorporation.

Investment In Fixed Deposits– Income Tax Deduction For Aam Aadmi

June 21, 2018 85295 Views 15 comments Print

Where an Individual or HUF has deposited or paid any amount as Fixed Deposit in any Scheduled Bank for a term not less than 5 Years in any previous year subject to Scheme framed by Central Government in this behalf then such Individual or HUF is eligible to claim deduction to the extent of Rs. 1,00, 000 (Rs1,50,000 from AY 2015-16 onwards) under section 80C for assessment year relevant to the previous year .

Live Procedure to Complete GST Registration

June 28, 2017 15618 Views 12 comments Print

Hello readers, finally the day came we all are waiting for, GST become reality; I know that everyone in Industry, Business world & Professionals are confused about GST Provisions & its implications.

All you need to know about migration from VAT to GST

December 16, 2016 29665 Views 15 comments Print

Finally the time came, we all are waiting for.. Yes, GST registration (migration) portal is open from 16 Dec 2016. As we observed that the process is a bit complicated and lengthy if compared with local Sales Tax or VAT registration; Don’t worry, we are here to make it simple for you.

DELHI VAT Composition Scheme and FAQs

April 12, 2016 20332 Views 1 comment Print

Ankit Gupta Composition scheme is the scheme to facilitate small dealers (whose turnover in one year does not exceeds Rs.50 Lac) to pay D-VAT at flat rate of 1% without claiming Input Tax Credits in respect of VAT paid on local purchases made from registered dealers. 1.Who Can apply for Composition Scheme? Any dealer whose […]

Delhi VAT: DVAT Registration Online Process In 2016

February 18, 2016 44902 Views 17 comments Print

Good News for all those who want to trade online on Webportals like Flipkart, Snapdeal or Amazon then you should have a Delhi VAT registration Number (TIN Number) and those who want to start their small medium Businesses. As The Department of Trade and Taxes has made certain relaxations in its rules of granting Registration like No Surety is required to apply for registration.

How To Rectify DVAT 2A-2B Mismatch

January 30, 2016 14523 Views 2 comments Print

What is form 2A & 2B- Form 2A contain the details of all local purchases made by a registered dealer during the period (quarter) & Form 2B contain the details of local Sales made by a registered dealer during the period (quarter).

Mistakes to be Avoided While Filing An Income Tax Return

September 4, 2015 4124 Views 0 comment Print

Incorrect Bank Account Number and IFSC code- Bank Account Number entered in ITR shall not be less than 9 digits in any case and an accurate IFSC code should be specified, otherwise it may delay your Income Tax Refund.

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