Articles by Mitali

Delicious Chocolate Peanut Bar: Attracting 18% GST for Indulgence

Mitali 22 July 2023 at 12:42

When it comes to the Delicious Chocolate Peanut Bar with the addition of cocoa powder, the Karnataka bench of the GSTAAR has clarified that the product falls under Chapter 18 of the GST classification.

Sahara Refund: How to reclaim your deposits from CRCS - Sahara Refund Portal

Mitali 21 July 2023 at 16:01

Amit Shah, who serves as the Union Home Minister and Minister of Cooperation, has introduced a new online portal to facilitate the refund process for depositors of the Sahara Group of Cooperative Societies

ITR login: Step-by-Step Guide For Login and Registration

Mitali 16 June 2023 at 14:13

Here's a summary of the steps to register for an account on the income tax e-filing portal

Share Capital and its Accounting Entries

Mitali 22 May 2023 at 17:21

Share capital refers to the total value of shares issued by a company and held by its shareholders. It represents the initial or subsequent investment made by individuals, institutions, or other companies in exchange for ownership in the business.

How to file ITR in offline mode

Mitali 13 May 2023 at 14:16

To file Income Tax Returns (ITRs) offline, taxpayers must use the Offline Utility provided by the Income Tax Department. This utility allows users to generate a JSON file containing the necessary information and details of their ITR.

How To Tackle Challenges in GST Litigation

Mitali 28 April 2023 at 13:01

GST litigation refers to legal disputes or cases related to Goods and Services Tax (GST) between taxpayers and the tax authorities. These disputes may arise due to issues such as incorrect tax calculations, improper classification of goods or services, or non-compliance with GST regulations.

Form 15G and Form 15H: Save TDS on Interest Income

Mitali 27 April 2023 at 16:55

Form 15G and Form 15H are self-declaration forms that can be submitted by individuals to their banks or financial institutions to request exemption from tax deduction at source (TDS) on interest income earned from fixed deposits, recurring deposits, and other investments.

Rights in Rem and Rights in Personam

Mitali 27 April 2023 at 13:22

Rights in rem and rights in personam are two different legal concepts that refer to different types of rights in property law.

Depreciation Rates as per Income Tax Act for FY 2023-24

Mitali 25 April 2023 at 11:57

Under the Income Tax Act, depreciation is allowed as a deductible expense for assets used in business or profession, subject to certain conditions and limitations. The amount of depreciation that can be claimed depends on the asset's useful life, which is determined by the Income Tax Rules.

TDS Rate Chart for FY 2023-24

Mitali 24 March 2023 at 14:03

TDS is applicable to various types of payments such as salaries, interest, rent, commission, professional fees, etc. The rate of TDS varies depending on the type of payment and the status of the recipient.