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Articles by Chetan Chauhan

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New Income Tax Slabs (FY 2023-24): An Illustrative Analysis

  Chetan Chauhan    04 February 2023 at 17:24

Rebate limit of Personal Income Tax to be increased to Rs. 7 lakh from the current Rs. 5 lakh in the new tax regime. Thus, persons in the new tax regime, with income up to Rs. 7 lakh to not pay any tax.

Posted in Income Tax  9 comments |   15641 Views


Section 194J: Fees for professional or technical services

  Chetan Chauhan    28 January 2023 at 16:42

Section 194J of the Income Tax Act pertains to the TDS on fees for professional or technical services. According to this section, any person, including an individual or a company, who is responsible for paying to any sum as fees for professional or technical services, is required to deduct TDS.

Posted in Income Tax  6 comments |   8592 Views


An Overview Of Form 10BA

  Chetan Chauhan    27 January 2023 at 11:50

Form 10BA is a tax form used in India for declaring deductions claimed under Section 80GG of the Income Tax Act. This section allows for deductions on rent paid for residential accommodation if the individual does not own a house or if the house is not available for his use.

Posted in Income Tax |   13070 Views


Appointment Process Of Cost Auditor

  Chetan Chauhan    13 January 2023 at 17:23

An appointment of a cost auditor refers to the process of appointing an independent expert to review and assess the costs incurred in a legal matter.

Posted in Audit |   11794 Views


Section 195 of Income Tax

  Chetan Chauhan    09 January 2023 at 17:44

Section 195 of the Income Tax Act of India pertains to the deduction of tax at source on certain incomes received by a non-resident or a foreign company.

Posted in Income Tax |   5327 Views


Bogus Purchase and Input Tax Credit Notice

  Chetan Chauhan    07 January 2023 at 15:51

A bogus purchase and input tax credit notice is a formal communication issued by a tax authority, such as the GST (Goods and Services Tax) department, to a taxp..

Posted in GST |   8160 Views


Job Work Under GST

  Chetan Chauhan    04 January 2023 at 14:35

Under the Goods and Services Tax (GST), job work refers to the process of performing certain specific tasks on goods belonging to someone else and returning the processed goods to the owner

Posted in GST  2 comments |   8728 Views


GST Tax Evasion: Cases & measures to curb it

  Chetan Chauhan    30 December 2022 at 15:44

GST evasion refers to the act of avoiding or attempting to avoid paying GST, either by not registering for GST or by not accurately reporting and paying GST on the supply of goods and services. GST evasion is considered a serious offense in India and can result in criminal prosecution, fines, and imprisonment.

Posted in GST |   4718 Views


An Overview Of Statutory Audit

  Chetan Chauhan    26 December 2022 at 16:48

A statutory audit is an independent examination of an organization's financial records and statements by an external auditor.

Posted in Audit |   7849 Views