Articles by Poojitha Raam Vinay

ITR Verification Process

05 March 2024 13909 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 20010 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 50988 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 1897 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 10912 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 16248 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.

Taxation for NRI in India

Posted by Poojitha Raam Vinay

20 May 2023 5452 Views

Non-Resident Individual is an individual who is not a resident of India for tax purposes.

GST Implications on Freelancers

Posted by Poojitha Raam Vinay

04 March 2023 10337 Views

Freelancers are not only tied up for certain projects but they are tied up with certain companies too. This often creates confusion about whether GST is applicable or not for the services provided.

Synopsis of Budget 2023

Posted by Poojitha Raam Vinay

02 February 2023 5189 Views

Budget 2023 was announced by Hon'ble Finance Minister Smt Niramala Sitharaman on February 1st 2023 at 11:00 AM IST.The vision for Amrit Kaal Budget are Oppo

Expectations From Budget 2023

Posted by Poojitha Raam Vinay

30 January 2023 5540 Views

This year, the budget is likely to be growth-oriented with a focus on capex, manufacturing, infrastructure, and rural economy. This budget is also the last full budget of the Government before the General elections in 2024.