Articles by Ritik Chopra

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.

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.

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.

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.

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.

Taxability In Case Of Partly Agricultural And Partly Non-Agricultural Income

Ritik Chopra 05 March 2021 at 09:48

Discussing how taxpayers can distribute their income in case of agricultural income and non-agricultural income according to Rules 7, 7A, 7B and 8 of the Income Tax Rules, 1962.

A Complete Guide to Filing your CA Inter Registration Form

Ritik Chopra 27 February 2021 at 14:30

Enrolling for the CA Intermediate level course has become an easy task since ICAI has made all the registration process online. In this article, we will discuss the two routes for CA Inter Registration.

Exceptions to the rule - Income of P.Y. is taxable in A.Y.

Ritik Chopra 27 February 2021 at 14:30

In some cases, income is taxed in the same year in which it is earned and so in these exceptional cases a previous year will also function as an assessment year. Let us discuss those exceptions.

How to Determine the Residential Status of an Individual?

Ritik Chopra 27 February 2021 at 09:45

A person with an American citizenship can still be a resident of India for Income Tax purposes. The residential status of the assessee is to be determined each year with reference to the 'previous year'.

A Guide on Form 15CA and 15CB

Ritik Chopra 23 February 2021 at 09:51

Foreign remittances are often considered difficult due to compliance requirements. This article will cover the foreign remittances process of submission and compliance.