Articles by Ritik Chopra

Why B.Com with CA is advised by experts?

Ritik Chopra 04 December 2021 at 09:12

When a CA student starts his CA journey, he has many questions in his mind. One such question is- whether he should go for a B.Com degree with a Chartered Accountancy course? In this article, I have tried to answer that question.

Posted in Students | 4 comments | 8010 Views

Deductions to look out for while filing your Income Tax Return

Ritik Chopra 22 November 2021 at 13:29

In this article, the author has discussed the deductions to look out for while filing your Income Tax Return.

Posted in Income Tax | 9300 Views

What is e-filing of return?

Ritik Chopra 18 November 2021 at 15:11

The process of electronically filing Income tax returns through the internet is known as e-Filing or electronic filing of return. This means you no longer need to visit the nearest Income Tax Department's office to file your returns physically.

Posted in Income Tax | 4350 Views

Submission of Income Tax Returns through IT return Preparers

Ritik Chopra 15 November 2021 at 13:15

It is quite evident that India has one of the lowest numbers of ITR filers considering the large population of the country. In order to overcome this problem and make tax filing easier for Indians from all walks of life, a new scheme to facilitate submission of Income Tax Return through Tax Return Preparers has been inserted w.e.f. June 1, 2006.

Posted in Income Tax | 5151 Views

What are the Key Skills a Fresher CA should list in their Resume?

Ritik Chopra 10 November 2021 at 10:09

A Fresher CA needs much more than the prefix. These include the skills and qualities which perfectly fit the candidature of any organization as well as prove them to be analytically sound.

Posted in Career | 1 comments | 7818 Views

Self Assessment under Sec 140A of the Income Tax Act, 1961

Ritik Chopra 28 October 2021 at 09:49

Tax calculated under self assessment is required to be deposited by the assessee before submitting an ITR. The tax so paid shall be adjusted towards the tax liability as ascertained on regular assessment.

Posted in Income Tax | 1 comments | 6996 Views

What are Candlestick Charts in the Stock Market?

Ritik Chopra 20 October 2021 at 14:55

A Candlestick is a pictorial depiction of the price of a stock. It displays the high, low, open and closing prices of a stock. When read collectively, they help to identify patterns and predict future prices.

Posted in Shares & Stock | 1 comments | 3675 Views

Deemed Incomes Under The Income Tax Act

Ritik Chopra 18 October 2021 at 15:20

Discussing tax treatment of cash credit, unexplained investments, unexplained money, amount of investments not fully disclosed in books of accounts, unexplained expenditure and amount borrowed on hundi in cash.

Posted in Income Tax | 6930 Views

Upcoming IPOs in Oct-Nov 21

Ritik Chopra 11 October 2021 at 14:33

Around 25 companies are aiming to raise money through initial share sales in Oct and Nov. It is to be noted that a large portion of the funds would be garnered by technology-driven companies.

Posted in Others | 32601 Views

Investing abroad through mutual funds

Ritik Chopra 30 September 2021 at 09:37

Many of you might not know that you can actually invest in abroad companies through mutual funds. Funds of Funds, Feeder Fund, and Actively Managed Funds are the different channels to invest.

Posted in Income Tax | 4482 Views