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Articles by Ritik Chopra

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Sec 70: Inter Source Set-Off Of Losses

  Ritik Chopra    08 April 2021 at 09:53

In this article, we will discuss how to set off loss from one source against income from another source within the same head of income, i.e., inter source set off [Sec. 70]

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Posted in Income Tax |   5499 Views


Deduction for setting up industries in backward states u/s 80IC

  Ritik Chopra    03 April 2021 at 09:52

Deduction u/s 80IC of the Income Tax Act has been provided by the government to set up industries in specified backward states and to provide a push to the economy.

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Posted in Income Tax |   6102 Views


Deduction under Section 80DD & 80DDB

  Ritik Chopra    01 April 2021 at 09:57

Discussing Deduction in respect of maintenance including medical treatment of dependent that is a person with disability [Section 80DD] and Deduction in respect of medical treatment, etc. (Section 80DDB).

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Posted in Income Tax |   10749 Views


Deduction under Section 80D

  Ritik Chopra    30 March 2021 at 12:41

One of the most common expenditure of the general public is on medical/health insurance. Deduction regarding health insurance is allowed if health insurance premium is paid during the previous year out of income chargeable to tax and it is paid by any mode other than in cash.

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Posted in Income Tax  2 comments |   9765 Views


Underwriting in case of Insurance Companies

  Ritik Chopra    22 March 2021 at 15:50

Insurance underwriters establish pricing for accepted insurable risks. The term underwriting means receiving remuneration for the willingness to pay a potential risk.

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Posted in Others |   1068 Views


Deduction under Section 80C

  Ritik Chopra    19 March 2021 at 14:52

Savings play an important role in the economic development of any country. To boost saving habits, an incentive in the form of a deduction out of one's taxable income has been allowed. Discussing Section 80C in that regard.

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Posted in Income Tax |   2493 Views


Indian Income Vs Foreign Income

  Ritik Chopra    18 March 2021 at 18:24

Analysing the difference between Indian Income and Foreign Income with respect to the Income deemed to Accrue or Arise in India as per the Income Tax Act, 1961.

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Posted in Income Tax |   1608 Views


How to determine Residential status of a Company

  Ritik Chopra    16 March 2021 at 09:46

The residential status of a company is to be determined on the basis of its registration. Discussing Section 6(3) of the Income Tax Act which provides conditions in this connection.

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Posted in Corporate Law |   1695 Views


A Complete Guide to Filing your CA Final Registration Form

  Ritik Chopra    10 March 2021 at 09:47

Enrolling for CA Final level course has become an easy task since ICAI has made all the registration process online. This article is a complete guide for CA Final Registration.

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Posted in Students  1 comments |   1707 Views


How to Determine the Residential Status of a HUF?

  Ritik Chopra    10 March 2021 at 09:47

Residential Status is to be determined for the taxability of income of a person. This term is coined under the Income Tax Act and has nothing to do with the nationality or citizenship of a person.

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Posted in Income Tax |   1026 Views