Articles by deepak K Gujrati

ITC Restrictions CGST Act Section 17(5)(h): Clarifications

Posted by deepak K Gujrati 23 January 2025 1961 Views

Understand ITC restrictions under Section 17(5)(h) of the CGST Act. Get key clarifications on GST implications for free samples, discounts, and more.

Deemed Dividend -Section 2(22)(e) of Income Tax Act 1961

Posted by deepak K Gujrati 15 April 2021 548641 Views

Deemed Dividend -Section 2(22)(e) of Income Tax Act 1961Loans & Advances to Directors and Family members of Closely held CompaniesPrivate Limited Companies generally give Loan or Advance to their director and family members who are again shareho

Conversion of Private Limited Company to LLP

Posted by deepak K Gujrati 22 October 2015 18552 Views

Very often it is asked, what is justification of having a private limited company? Small promoters and entrepreneurs asks questions like why to pay dividend distribution tax , why there is restriction on

Prosecution u/s 276B for Defaults of TDS

Posted by deepak K Gujrati 02 July 2013 79069 Views

SUBJECT: TDS/INCOME TAX ACT Default in TDS Collection and Deposit How Punishable is This Offence I

Gross Profit Rate - Application of section 145(3) of the Income Tax Act

Posted by deepak K Gujrati 29 March 2011 50536 Views

GROSS PROFIT RATE Application of section 145(3) OF THE INCOME TAX ACT By Deepak k Gujrati FCA SYNOPSIS COMPONENTS OF GROSS PROFIT WHEN GROSS PROFIT RATE IS LOWER THAN PREVIOUS YEAR DEFECTS IN BOOKS OF ACCOUNTS APPLICATION OF SECTION 145(3

Service Tax on Job Work

Posted by deepak K Gujrati 25 June 2010 25565 Views

As per section 65(105)(zzb) of Chapter V of Finance Act 1994 as amended from time to time, taxable service means any service provided or to be provided to a client by any person in relation to business auxiliary service.