Articles by CA. Bhavik P. Chudasama

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Tax Time Made Easy: Mastering 43B(h) with a Friendly Q&A and Year-Specific Dates

CA. Bhavik P. Chudasama 15 February 2024 at 16:53

Today, we're diving into the world of Indian Tax Law, specifically Section 43B(h) of the Income Tax Act, 1961.

12 Changes in ITR-6 Form for AY 2024-25

CA. Bhavik P. Chudasama 09 February 2024 at 11:18

CBDT has notified Income-tax Return Form 6 for the Assessment Year 2024-25, vide Notification No. 16/2024, dated 24-01-2024.

Unveiling the 15K Crore GST Fraud: A Deep Dive into the ITC Scam

CA. Bhavik P. Chudasama 11 December 2023 at 14:43

Before we dig deeper into how these unscrupulous people avail the wrongful benefit of the Input Tax Credit claim and cheat the government, we need to understand the Goods and Services Tax (GST) structure and how it works.

Process for Filing Application u/s 119(2)(b) of IT Act, 1961

CA. Bhavik P. Chudasama 08 December 2023 at 14:07

Filing an application under Section 119(2)(b) of the Income Tax Act in India typically involves specific procedures.

Do's and Don'ts while Certifying any Documents by Young Chartered Accountants

CA. Bhavik P. Chudasama 05 December 2023 at 11:44

Certifying certificates is a responsibility that Chartered Accountants (CAs) take seriously. Here are some general do's and don'ts to consider

Basic Understanding of GST on Jewellery Business

CA. Bhavik P. Chudasama 04 December 2023 at 15:07

Here's an overview of GST rates and taxable value concerning the jewellery industry:

Most Commonly Used TDS Sections along with TDS Rates and Threshold Limit

CA. Bhavik P. Chudasama 13 April 2023 at 16:37

Tax Deducted at Source (TDS) is a mechanism of collecting income tax at the source of income itself. TDS is applicable to various types of payments such as salary, interest, commission, rent, etc.

What is Pure Agent? What are Conditions to Act as Pure Agent?

CA. Bhavik P. Chudasama 21 March 2023 at 12:33

In Industry still there are many confusions regarding what is Pure Agent and what are conditions to act as pure agent especially when there is a case of 'Reimbursement of Expenses'.

Are you Ready for FY 2023-24 under GST?

CA. Bhavik P. Chudasama 15 March 2023 at 08:57

Since we are already in the last month of the Accounting year i.e. March 2023, which mandates a few important points to be taken care in the current month so that there is smooth functioning in the next year without much reference to the previous year. Keeping the same thing in mind, we have tried to brief some important points to be taken care of.

Basic Understanding Of Composition Scheme Under GST Law

CA. Bhavik P. Chudasama 04 March 2023 at 09:01

In this article, we will discuss the Composition Scheme in detail, including the Composition tax rate, GST Forms, and composition rate for service providers.