Articles by CA Rahul Mittal

How to save Income tax on sale of residential property?

Posted by CA Rahul Mittal 30 January 2021 5332 Views

Many taxpayers are not aware the provision of the income tax act on how to save the tax on the sale of residential property. They earn profits on the sale of residential property and pay the taxes. They can save the tax.

Rules to come effect from 1st August, 2020

Posted by CA Rahul Mittal 28 January 2021 8108 Views

From 1st August, 2020 some rules are getting change. The changes may affect our life. The new rule will be implemented after replacing old one.

Is PAN Mandatory For Some Transactions in Income Tax?

Posted by CA Rahul Mittal 23 January 2021 2470 Views

Every person shall quote his permanent account number (PAN) in all his returns or challans or correspondence with any income-tax authority. Other than this, every person shall quote his PAN in all documents pertaining to the transactions

Form 26AS - Key changes made in the form

Posted by CA Rahul Mittal 16 January 2021 12715 Views

The new Form 26AS will give all the information of the Annual Information Return as well. It will benefit the honest taxpayers.

Taxability Of Gift Received By Individual Or HUF

Posted by CA Rahul Mittal 16 January 2021 3524 Views

Gift received from relatives is exempt. Gift received on other occasions (e.g. gifts on birthday, etc.) from the non-specified person shall be taxable under the head income from other sources.

Compliance Calendar - January 2021

Posted by CA Rahul Mittal 02 January 2021 17858 Views

Compliance Calendar January 2021 - In this article, we discuss the most important Income Tax, GST, and Provident Fund due dates that lie in the month of January 2021.

Waiver of Late Fees of GSTR 3B: Recent Notifications

Posted by CA Rahul Mittal 29 December 2020 6158 Views

CBIC has issued Notification No. 57/2020 on 30.06.2020 to prescribe maximum amount of penalty if GSTR3B is filed up to 30.09.2020. The said relief is for both class of taxpayers i.e. taxpayers having turnover up to Rs. 5 crores or more than 5 crores.