Articles by CA Pratik Bhavsar

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

CA Pratik Bhavsar 23 June 2020 at 17:37

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.

Posted in Income Tax | 6000 Views

Section194M: TDS on payment to resident contractors and professionals

CA Pratik Bhavsar 24 December 2019 at 10:34

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.

Posted in Income Tax | 36957 Views

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

CA Pratik Bhavsar 17 September 2019 at 11:29

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

Posted in Income Tax | 10 comments | 22032 Views

Secondary Adjustment - Section 92CE & Rule 10CB

CA Pratik Bhavsar 02 May 2019 at 11:19

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..

Posted in Income Tax | 3 comments | 7191 Views

Analysis of MSME Form I for Micro and Small Enterprises

CA Pratik Bhavsar 02 May 2019 at 11:19

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..

Posted in Corporate Law | 4242 Views

Role of Chartered Accountants in Startup India

CA Pratik Bhavsar 02 January 2019 at 11:37

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, ..

Posted in Others | 1 comments | 26901 Views

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

CA Pratik Bhavsar 18 December 2018 at 11:22

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..

Posted in Professional Resource | 6 comments | 11133 Views

Deciphering your 10 Digit PAN characters

CA Pratik Bhavsar 19 November 2018 at 12:28

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 ..

Posted in Income Tax | 12 comments | 15177 Views