Articles by Savan Patel
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Understanding the Limitations and Significance of Cash Flow Statements in Financial Analysis
This article explores the constraints of cash flow statements and their implications in financial analysis.
Consequences of Late Filing of ITR u/s 139(1)
Filing an ITR after the due date can have serious consequences, such as late filing fees, loss of carry-forward benefits, delayed refunds, interest on outstanding tax liability, penalty, and criminal prosecution. It is important to understand these consequences and to take steps to avoid them.
All about Advance Tax
Advance tax is a type of tax that is paid in installments throughout the financial year rather than as a lump sum at the end of the year. It is intended to help the government collect tax revenue in a more timely manner.
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