Articles by Ayush

GST + Income Tax: Rules for Small Traders Above Rs 25 Lakh Receipt

Ayush 21 August 2025 at 17:03

Maintaining proper books of accounts is crucial for GST and Income Tax compliance. Learn why small traders must keep records, key requirements under GST & IT Act, types of books to maintain, and the risks of non-compliance.

Stay on Time, Stay on Track: Complete Timeline for Tax Tribunal Actions

Ayush 31 July 2025 at 11:30

A quick-reference guide to the key deadlines for taxpayers and departments in appeals, cross-objections, rectifications and urgent listings.

Understanding 'Tax Year' vs. 'Financial Year' in the New Income Tax Bill

Ayush 18 February 2025 at 13:02

One of the most notable changes is the introduction of the term "tax year," which replaces the concept of the "previous year" and the "assessment year" from the Income Tax Act, 1961.

GST Department using 26AS, AIS & ITR for Verifying Income Tax Data

Ayush 16 January 2025 at 15:41

The GST department is actively monitoring taxpayers income using Form 26AS, AIS, and IT Returns to detect tax evasion which shows a coordinated effort between the GST and Income Tax departments.

FCRA Account: Benefits, Cash Limits and Restrictions

Ayush 24 September 2024 at 17:32

Charitable Trusts, Societies, Section 8 Company that receive foreign contribution or donation from foreign sources are required to obtain registration under section 6 of Foreign Contribution Regulation Act, 2010.

Taxation of Capital Gains: Simplified Rates and Benefits for Taxpayers

Ayush 25 July 2024 at 11:18

Explore simplified rates and benefits for taxpayers in the taxation of capital gains. Understand the latest regulations and maximize your tax savings

How to Constantly Keep Building Knowledge and Awareness in Today's Digital Era?

Ayush 23 March 2024 at 15:57

Let's uncover the secrets to mastering knowledge exchange in today's digital era.

Gross Total Income: How to Calculate It?

Ayush 26 February 2024 at 17:12

Gross Total Income are the total income earned by an individual or entity before subtracting any deductions or taxes. It includes income from various sources such as salary, wages, business income, capital gains, interest, dividends, rental income, and any other sources of income.

Import Duty On Gold In India

Ayush 07 February 2024 at 15:09

Import duties on gold and silver findings and coins of precious metals is 15%.

Impact of Unnotified Form GSTR-2 on ITC Reversal: Analysis of Section 16(4) Time Limit for Belated ITC Claims

Ayush 26 December 2023 at 14:53

Let us take the case of Tvl.Kavin HP Gas Gramin Vitrak vide Order No. W.P.(MD).Nos.7173 and 7174 of 2023 and W.M.P.(MD)Nos.6764 and 6765 of 2023 dated 24.11.2023 to understand the impact of the unavailability of Form GSTR-2 on the Input Tax Credit (ITC) reversal and the analysis of Section 16(4) regarding the time limit for belated ITC claims.