Articles by Nitin Bhuta

India Taxes: Direct vs Indirect on Inventories

Posted by Nitin Bhuta 21 April 2025 264 Views

Explore the evolving relationship between direct and indirect taxes in India, focusing on inventory management and valuation under Income Tax and GST laws.

Direct vs Indirect Taxes in India: Evolving Relationship

Posted by Nitin Bhuta 16 April 2025 470 Views

Explore the evolving relationship between direct and indirect taxes in India. Understand key differences and implications for businesses under Income Tax & GST....

FAQs: Clause 44 of Form 3CD of Tax Audit Report

Posted by Nitin Bhuta 29 August 2023 47039 Views

Clause 44 in Form 3CD under Section 44AB of the Income Tax Act 1961 - Updated FAQs

Study on MSME: A Game Changer

Posted by Nitin Bhuta 27 February 2023 5137 Views

With the change in criteria as per new MSME schema, every new registered person needs to obtain registration only as per new schema from July 1,2020. Thus, it must be noted that the old criteria have become redundant in respect of new registrations.

Indirect Tax Proposed Amendments by Finance Bill 2023

Posted by Nitin Bhuta 06 February 2023 8738 Views

The article lists down the Indirect Tax Proposed Amendments by Finance Bill 2023

Direct Tax Amendments proposed by Finance Bill 2023

Posted by Nitin Bhuta 02 February 2023 13042 Views

Direct Tax Proposals - Finance Bill 2023.

Central Bank Digital Currency (CBDC) - A Curtain Raiser, A Catalyst

Posted by Nitin Bhuta 03 November 2022 4486 Views

I can't predict the future as to what will unfold prospectively for all of us, as no one would know what lies ahead, but I have made this attempt to pen down my views for the benefit of the readers of this article which dwells on the topic of Central Bank Digital Currency - A Curtain Raiser, A Catalyst.

FAQs - Clause 44 in Form 3CD under Section 44AB of the IT Act 1961

Posted by Nitin Bhuta 03 September 2022 21997 Views

The author has made the attempt to present this article in FAQ format by curiously and incisively watching and analysing, threadbare, the insightful discussions pertaining to clause 44 reporting in Form 3CD for the benefits of all the readers of this article.

Digital Synchronisation of Income Tax vis-a-vis GST

Posted by Nitin Bhuta 21 November 2020 3080 Views

This article covers the digital synchronization between Income Tax Law and GST Law together with an illustrative table of reconciliations between financial statements.