Articles by CA Ruby Bansal

FAQs on the 56th GST Council Meeting: Key Decisions Explained

CA Ruby Bansal 04 September 2025 at 10:42

Get clear answers to FAQs on the 56th GST Council Meeting decisions, covering tax rates, compliance updates, refund policies, and key GST changes for businesses.

Self Transfers and Contra Entries in ITR Now Mandatory If You Have Rs 50L in Savings

CA Ruby Bansal 28 July 2025 at 12:59

Reporting all self-bank transfers, UPI-wallet movements, and interbank transactions is now mandatory in ITR filings. If your total savings deposits exceed Rs 50 lakh, ITR filing is compulsory even with income below the taxable limit. Learn how to report contra entries and stay compliant.

Is GST Mandatory for Private Limited & LLP Companies? The Truth No One Tells You!

CA Ruby Bansal 18 July 2025 at 11:35

While some banks may insist on a GST number for opening a current account, GST registration is not mandatory at the start for LLPs, Private Limited or Limited companies unless turnover exceeds prescribed thresholds.

Time Limits for Income Tax Notices and Assessments: Quick Guide

CA Ruby Bansal 25 October 2024 at 17:42

Explore the key time limits for income tax notices and assessments in this quick guide. Stay informed about deadlines for filing, assessments, and resolving tax matters

Best Loan Option for Chartered Accountants

CA Ruby Bansal 07 October 2024 at 09:35

Read on to explore the key factors that determine the best loan option for Chartered Accountants.

How to Report Gambling Winnings on Taxes

CA Ruby Bansal 04 September 2024 at 12:53

Let's look at the basics of what you should know about reporting any online casino or other gambling winnings on your annual taxes.

Debt Mutual Fund Taxation

CA Ruby Bansal 17 April 2024 at 13:01

Debt mutual funds are those investments that are primarily invested in fixed-income securities such as bonds, debentures, and other money market instruments. These funds focus on generating returns through interest income and capital appreciation from bond investments.

Summary of Interim Union Budget 2024-25

CA Ruby Bansal 01 February 2024 at 13:19

The Finance and Corporate Affairs Minister Smt Nirmala Sitharaman, while presenting the Interim Union Budget for 2024-2025 in Parliament today announced that the capital expenditure outlay for the next year is being increased by 11.1 per cent to Rs 11,11,111 crore, which would be 3.4 per cent of the GDP.

GST on Medicines

CA Ruby Bansal 24 January 2024 at 16:58

This tax impacts the pricing of medicines and healthcare services, influencing the overall cost structure for manufacturers, distributors, and consumers.

TDS On Sale Of Property For NRI

CA Ruby Bansal 23 January 2024 at 17:35

While selling a property, the buyer is required to deduct a certain percentage of the sale amount as TDS. TDS on property sale is a mechanism to ensure that taxes are deducted at the time of property transactions.