Articles by Ashwin Jain

Financial Realities: Analyzing MSME Dues Disallowance Post Budget 2023

Posted by Ashwin Jain 20 January 2024 6653 Views

Amendment in Section 43B of Income Tax Act, 1961 (Certain expenses to be allowed on payment basis) by insertion of new clause (h) with effect from 01.04.2024

Residential Status Dispute: Assessee's Victory in Tax Tribunal

Posted by Ashwin Jain 11 January 2024 3718 Views

The case involves an individual assessee whose residential status is under dispute for the assessment year 2013-14. A search and seizure action was conducted in the case of Matix (Nishant Kanodia) Group, and the assessee's case was centralized to the office of the Assistant Commissioner of Income Tax, Central Circle-5(1), Mumbai.

Section 80-IAC Tax Exemption for Startups Entity & Angel Tax Exemption

Posted by Ashwin Jain 28 September 2020 3854 Views

Tax Exemption for Startups Entity under section 80-IAC & Angel Tax Exemption(After Union Budget 2020)Startup India is a flagship initiative of the Governmen

Tax collected at Source(TCS) on tour operator

Posted by Ashwin Jain 17 August 2020 11133 Views

Tax collected at Source(TCS) on tour operator

Revised TDS/TCS Rate Chart from 14.05.2020 to 31.03.2021

Posted by Ashwin Jain 14 May 2020 60359 Views

The TDS and TCS rates have been reduced by 25% of the existing rates. The revised TDS rates will be effective from the period 14/05/2020 to 31/03/2021.

Corporate Tax rates and eligible deduction under PM cares Fund

Posted by Ashwin Jain 27 April 2020 2410 Views

Sec 115BA provides for a reduced tax rate of 25% in case of all domestic manufacturing companies incorporated on or after Mar1, 2016, Sec 115BAA has been inserted to provide for a reduced tax rate of 22% for all domestic companies.