Articles by CA Chanchal Jain

Dont Fear Tax Audit, Know the Benefits Instead!

Posted by CA Chanchal Jain 13 March 2021 11746 Views

Tax Audit is a reporting of transactions keeping in mind different sections of Income Tax Act (ITA). The provision of tax audit is reported in Form 3CD which is prescribed under Rule 6G of the Income Tax Rules, 1962.

GSTR-4| Good news for composition dealers

Posted by CA Chanchal Jain 09 February 2021 12703 Views

The GST portal has come up with an offline utility of GSTR-4 (Annual Return) which has been made available for use since 06 August 2020.

TDS Section 194N| TDS on cash withdrawal

Posted by CA Chanchal Jain 16 January 2021 2794 Views

Section 194N specifies that a banking company to which the Banking Regulation Act, 1949 (10 of 1949) applies, co-operative society engaged in the business of banking, or a post office shall deduct TDS @ 2% of a sum exceeding one crore rupees that a person (recipient) withdraws from one or more of these accounts.

GST Updates - Monthly Recap for September 2020

Posted by CA Chanchal Jain 03 October 2020 13704 Views

The GST department has come up with frequent updates in the month of September. This article summarizes all the updates including how these may benefit taxpayers.

Monthly Recap: August 2020 GST Updates

Posted by CA Chanchal Jain 07 September 2020 13565 Views

GST department has come up with frequent updates in the month of August. This article summarizes all the updates including how these may benefit taxpayers.

Filing ITR? Know best practices for your benefit!

Posted by CA Chanchal Jain 25 August 2020 12510 Views

So, pause! Before rushing towards filing ITR this year, follow a few more best practices that may save you time, benefit you over a number of years, and help you understand any new filing provisions. Note that this article assists those who already know at least a few aspects of filing ITR.

New and Mandatory Return Filing for Composition Dealers

Posted by CA Chanchal Jain 27 July 2020 15958 Views

To overcome the confusion between GSTR-4, that is before 01-04-2019 it was compliance to be made by taxpayer quarterly registered under composition levy, i.e. u/s 10 of CGST Act.