Articles by Poojitha Raam Vinay

Will Operation Sindoor Shake Up India's Finance Industry?

19 May 2025 320 Views

After the cowardly attack on Indian citizens in Pahalgam, the government of India launched 'Operation Sindoor', on May 7, 2025, as a targeted military response. Here's an analysis of its impact on the financial sector in India.

A Comparative Study on the Old and New Tax Bill

Posted by Poojitha Raam Vinay

18 February 2025 490 Views

On 13th February 2025, Hon'ble Finance Minister Smt Nirmala Sitharaman proposed the New Tax Bill. The new bill is proposed to come into force on April 1, 2026. ...

All About Form 10BD under Income Tax Act

Posted by Poojitha Raam Vinay

29 May 2024 1075 Views

Finance Act 2021 introduced an amendment where the trusts had to file a statement of donations received in each financial year as per section 80G(5)(viii) and as per section 35(1A)(i).

ITR Verification Process

Posted by Poojitha Raam Vinay

05 March 2024 13899 Views

After the 31st July rush of filing the IT returns, the department of Income Tax has provided 120 days from filing of the return to e verify the return. The Central Board of Direct Taxes (CBDT) in the recent notification has cut down the time limit from 120 days to 30 days for ITRs filed on or after August 1st 2022.

All About GST Return

Posted by Poojitha Raam Vinay

04 September 2023 20006 Views

A GST return is a document to be filed by all registered entities containing the details pertaining to the sales, incomes, expenses, and purchases that a taxpayer must file with the tax authorities.

What is Schedule Assets and Liabilities (Schedule AL)?

Posted by Poojitha Raam Vinay

24 August 2023 50788 Views

Schedule AL is a statement of disclosure of assets and liabilities which the taxpayer shall disclose in the Income Tax Return (ITR). This was introduced from AY 2016-17.

Decoding Taxation on Virtual Digital Assets

Posted by Poojitha Raam Vinay

28 July 2023 1880 Views

Virtual Digital Assets (VDAs) refers to any information, code, number, or token in Foreign Currency generated through cryptographic means or otherwise and can b...

FAQs on Futures and Options

Posted by Poojitha Raam Vinay

26 June 2023 10906 Views

In F&O trading, two parties have to enter a derivative contract in which they agree to buy or sell an underlying asset (shares or commodities) at a predetermined price and date.

Drive Against Fake GST Registration

Posted by Poojitha Raam Vinay

23 May 2023 16244 Views

GST came into force on 1st July, 2017 and we will be celebrating 6 years of GST this year. Currently, there are 1.39 crore businesses registered under GST.