Articles by CA. Bhavik P. Chudasama

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A Taxing Tale: Aahil and Vivaan Discuss Advance Tax

CA. Bhavik P. Chudasama 08 March 2024 at 12:52

Smart thinking! Advance tax can be a bit tricky, but once you understand it, it's actually a good system.

Buying a Property? Hold Up! Let's Talk TDS on Seller's Residency

CA. Bhavik P. Chudasama 24 February 2024 at 17:18

Whether you're buying from a resident Indian or a non-resident Indian (NRI) seller, different TDS rules apply, and navigating them can be tricky.

Demystifying Section 54F of the Income Tax Act

CA. Bhavik P. Chudasama 22 February 2024 at 09:47

Selling a capital asset, such as a commercial property or land, often results in substantial capital gains. While exciting, these gains come with the burden of taxation. Fortunately, the Income Tax Act offers solace in the form of Section 54F, which provides an avenue for exemption on long-term capital gains arising from the sale of non-residential assets.

PMFME Loan: A Boon for Micro Food Processing Enterprises

CA. Bhavik P. Chudasama 21 February 2024 at 09:41

MFME Loan: Empowering Micro Food Processing in IndiaThe PM Formalization of Micro Food Processing Enterprises (PMFME) Scheme is a government initiative in India..

Demystifying Section 80GGC: A Deep Dive with Vivaan & Aahil

CA. Bhavik P. Chudasama 16 February 2024 at 12:02

The bustling cafe hummed with conversation as Vivaan and Aahil, two college buddies, debated over their tax returns. Aahil, ever the tax-savvy one, mentioned claiming a deduction under Section 80GGC, piquing Vivaan's curiosity.

Tax Time Made Easy: Mastering 43B(h) with a Friendly Q&A and Year-Specific Dates

CA. Bhavik P. Chudasama 15 February 2024 at 16:53

Today, we're diving into the world of Indian Tax Law, specifically Section 43B(h) of the Income Tax Act, 1961.

12 Changes in ITR-6 Form for AY 2024-25

CA. Bhavik P. Chudasama 09 February 2024 at 11:18

CBDT has notified Income-tax Return Form 6 for the Assessment Year 2024-25, vide Notification No. 16/2024, dated 24-01-2024.

Unveiling the 15K Crore GST Fraud: A Deep Dive into the ITC Scam

CA. Bhavik P. Chudasama 11 December 2023 at 14:43

Before we dig deeper into how these unscrupulous people avail the wrongful benefit of the Input Tax Credit claim and cheat the government, we need to understand the Goods and Services Tax (GST) structure and how it works.