Articles by CA Pratik Bhavsar

Form 26AS: Transition from Annual Tax Statement to Annual Information Statement

Posted by CA Pratik Bhavsar 20 December 2020 6718 Views

Form 26AS (Tax Credit Statement) is the Annual Tax Statement in which the details of tax credit are maintained for each taxpayer as per the database of Income-tax Department.

Section194M: TDS on payment to resident contractors and professionals

Posted by CA Pratik Bhavsar 15 June 2020 37182 Views

Know all about TDS Section 194M which is recently inserted in The Income Tax Act, 1961 to provide for levy of TDS at the rate of 5% on the sum paid or credited in a particular year on account of contractual work or professional fees by an individual or a Hindu undivided family.

Key additional disclosures in ITR-6 A.Y. 2019-20

Posted by CA Pratik Bhavsar 15 March 2020 22365 Views

There are several amendments made in all the ITR Forms for A.Y. 2019-20 onwards.

Secondary Adjustment - Section 92CE & Rule 10CB

Posted by CA Pratik Bhavsar 29 October 2019 7574 Views

Transfer pricing provisions seek to ensure that there is fair and equitable allocation of taxable profits amongst the tax jurisdictions. In cases where the unde...

Analysis of MSME Form I for Micro and Small Enterprises

Posted by CA Pratik Bhavsar 29 October 2019 4420 Views

The Ministry of Micro, Small and Medium Enterprises (MSME) had vide notification dated 2nd November 2018 directed all companies, who get supplies of goods and s...

Role of Chartered Accountants in Startup India

Posted by CA Pratik Bhavsar 01 July 2019 30684 Views

Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem that is conducive for the growth of Startup businesses, ...

Trade Receivables Discounting System: A game changer and Role of CAs

Posted by CA Pratik Bhavsar 16 June 2019 11408 Views

Micro, Small and Medium Enterprises (MSMEs), despite the important role played by them in the economic fabric of the country as they are the backbone of the Ind...

Deciphering your 10 Digit PAN characters

Posted by CA Pratik Bhavsar 19 November 2018 16229 Views

Your Permanent Account Number (PAN) is a 10-digit alphanumeric number, which is used as your identity proof. Have you ever wondered how the combination is made ...