Articles by CA. Ankit Chandrakar

All About Reverse Charge Mechanism under GST

CA. Ankit Chandrakar 01 February 2021 at 09:32

As per Section 2(98) of the Act,"reverse charge" means the liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of such goods or services

Posted in GST | 4842 Views

All about Registration under GST

CA. Ankit Chandrakar 11 January 2021 at 09:46

In this article, we discuss all about GST Registration, including persons liable to get a GST registration, important points to be noted, calculation of threshold limit, and exceptions, etc.

Posted in GST | 2 comments | 2970 Views

Amendment to Sec 194J w.e.f 01.04.20 - The 2% and 10% Conundrum

CA. Ankit Chandrakar 21 December 2020 at 09:56

In this article, we will understand the amendment in Section 194J w.e.f 1st April 2020 - Interpretation of "Fees for Technical Services" (FTS) and "Fees for Professional Services" (FPS)

Posted in Income Tax | 5 comments | 23469 Views

New procedure to file TDS returns online w.ef. 01.05.16

CA. Ankit Chandrakar 10 May 2016 at 11:02

NEW PROCEDURE TO FILE TDS RETURNS ONLINE W.E.F. 01.05.16 REGISTRATION WITH EFILING WEBSITE � FOR TDS RETURN Log into �TRACES� with the details of the assessee whose return is to be filed. Click at �Register for E-filing�

Posted in Income Tax | 29 comments | 111912 Views

Equity linked saving scheme (ELSS) - The best tax saving tool

CA. Ankit Chandrakar 07 October 2014 at 10:38

WHAT IS AN EQUITY LINKED SAVING SCHEME (ELSS)? ELSS is a popular mutual fund scheme that allows you to take exposure in the equity market, while simultaneously serving as a tax-saving product. It is a type of mutual fund which invests majority of its

Posted in Income Tax | 6 comments | 23094 Views

Taxation of Gifts

CA. Ankit Chandrakar 05 June 2014 at 13:07

GIFT'Gift' is a transfer of a particular movable/immovable property from one person to another without consideration/adequate consideration. TAXABILITYWhere an individual or an HUF receives an amount exceeding Rs.50,000/-,

Posted in Income Tax | 15126 Views

Marry Your Way To Tax Planning

CA. Ankit Chandrakar 19 May 2014 at 12:08

WHAT IS AN HUF? The term Hindu Undivided Family is not defined in the Income Tax Act. It is defined under the Hindu Law as a family that consists of all persons lineally descended from a common ancestor,

Posted in Income Tax | 7 comments | 15000 Views