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Articles by CA Prashant Gupta

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TDS on Salary: Mandatory Consolidation for Govt Transfers, Optional for Private Sector

Posted by CA Prashant Gupta 25 August 2025 390 Views

Learn how Sections 192 & 203 of the Income-tax Act and Rules 26A & 31 guide salary TDS, Form 12B submission and Form 16 issuance for employees.



Detailed Note on various notifications on Rate in Jal Jeevan Mission

Posted by CA Prashant Gupta 31 July 2025 1078 Views

Track key GST rate changes on construction services under CGST, covering major notifications, exemptions for government bodies, and the rollback of reduced rates from July 2022.



Clarification on Reverse Charge Mechanism of Service Tax

Posted by CA Prashant Gupta 10 September 2012 55887 Views

Hello everyone, Thank you very much for a great responce on my article reverse charge mechnism of service tax. I have received lots of mails for seeking clarification. I am trying to solve some major issues in reverse mechanism. Since the introduc



Reverse Charge Mechanism of Service Tax

Posted by CA Prashant Gupta 13 August 2012 208806 Views

Reverse charge mechanism is not a new concept in service tax. Under the reverse charge mechanism, instead of service provider, the service receiver is liable to pay service tax. In that case, the service receiver will register himself with service



Change in Filling Form 23B : An Overview

Posted by CA Prashant Gupta 23 July 2012 112143 Views

Every statutory auditor appointed by the company in the Annual General Meeting under section 224(1) of the Companies Act, 1956 in form 23B has to intimate whether he has accepted the appointment or not to the concerned Registrar of Companies, with



Ideal Work Place of a Chartered Accountant

Posted by CA Prashant Gupta 10 April 2012 57462 Views

Hello friends, When you start your own practice, the first thing comes into mind is that why the office should be? Whether we require a small space or should be start with a larger space! Where it should be situated, in the mid of the town or a cr



Commodity Exchange: For Beginners

Posted by CA Prashant Gupta 02 April 2012 22460 Views

Today, we know the commodity market as a place to trade the different commodities without taking delivery of same. You can trade in gold, silver, crude oil, agriculture products, metals and many more, without bothering about the perishable nature of



Are Director Liable to Tax Audit & Service Tax as per Budget

Posted by CA Prashant Gupta 21 March 2012 35437 Views

ARE DIRECTORS LIABLE TO SERVICE TAX AND TAX AUDIT AS PER UNION BUDGET 2012-13 ? Till the date of budget, there is always confusion on treatment of directors remuneration. There is conflict about whether it is salary income or it is a bu



Risk Based Internal Audit

Posted by CA Prashant Gupta 12 March 2012 17758 Views

Parallel to the great upsurge another factor that hunting the board room of the corporate are Risk. There can be any type of the risk whether it is liquidity risk, fraud risk, reputation risk, competition risk and sundry other risks. T



Human Resource Accounting

Posted by CA Prashant Gupta 16 January 2012 23856 Views

Human resource are the greatest assets of any company. You can raise tariffs or prevent MNCs from entering, but you cannot stop employees from leaving if they are unsatisfied.




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