Articles by CA Rahul Mittal

House Rent Allowance: A Tax Saving Lifeline For Salaried Person

Posted by CA Rahul Mittal 27 July 2020 3860 Views

House Rent Allowance (HRA) is generally considered as a part of salary component and is generally added in the salary structure to help the individual to save tax

Updated Due Date Chart Of Income Tax Compliance

Posted by CA Rahul Mittal 27 July 2020 20402 Views

Due to COVID-19 pandemic and challenges faced by taxpayers, the government has extended dates for various compliance in direct taxes.

New Consumer Protection Act, 2019

Posted by CA Rahul Mittal 21 July 2020 4976 Views

The New Consumer Protection Act, 2019 published in the official gazette on 9 August 2019 will replace the 34-year-old act and come into effect from July 20, 2020.

Tax Saving Investment Options & Deductions under Income Tax for Individual and HUF

Posted by CA Rahul Mittal 13 July 2020 13012 Views

To claim a deduction in any year, it is necessary to invest in that year. Due to COVID Pandemic, Govt. has extended the date to 31.07.2020 for the financial year 2019-2020 to make an investment for deduction under chapter VI-A and section 54 to section 54GB.

Whether ITC to be reversed or not on the Goods destroyed due to lockdown ?

Posted by CA Rahul Mittal 15 June 2020 4616 Views

Many manufactures had given GST on the raw materials which are used to make the finished goods. Now the raw material has expired or gone bad.

Due dates of Advance Tax for the FY 2020-2021

Posted by CA Rahul Mittal 15 June 2020 21049 Views

Apart from TDS and TCS, the Government collects taxes on a quarterly basis in the form of advance tax before the end of a financial year, ensuring constant flow of tax revenue during the year rather than at the year-end.

Possibilities of errors & its solutions in GSTR-3B

Posted by CA Rahul Mittal 15 June 2020 3200 Views

There are possibilities of errors in GSTR-3B. Liability may be under/over-reported. ITC may be under/over-reported. Know-how such errors can be dealt with.

40th GST Council Meeting- Know what has changed?

Posted by CA Rahul Mittal 13 June 2020 4626 Views

40th GST Council Meeting. Late Fee for non-furnishing FORM GSTR 3B for the tax period July, 2017 to January, 2020 has been waived

Checklist for ITR-4 filing for AY 2020-21

Posted by CA Rahul Mittal 08 June 2020 12941 Views

ITR-4 for AY 2020-2021 has been notified on the e-filing portal. Every taxpayer shall file the income-tax return electronically except a super senior citizen (whose age is 80 years or above during the previous year 2019-20) who furnishes the return either in ITR-1 or ITR-4.