Popular Articles

Tips on E-filing of returns

Venkatesh Dangeti 05 September 2016 at 10:49

Being an employee/article assistant of a CA firm,You have to file numerous returns,forms.Here are some tips which might help you based on my experience.1)To rem..

Guide to follow when income tax refund gets adjusted with prior outstanding demands

Taxblock 01 September 2022 at 08:45

Section 245 of the Income Tax Act empowers the Income tax department to adjust any amount of refund due to the assessee with any previous outstanding tax liability.

Profession tax enrolment amnesty scheme, pay tax for 3 years instead of 8 years

CA Umesh Sharma 17 May 2016 at 10:54

Arjun (Fictional character): Krishna, Profession Tax is also paid by the self-employed person. The Sales Tax Department of Maharashtra has introduced Amnesty Scheme. So what is this scheme all about?Krishna (Fictional character): Arjuna, Profession T

Govt ignores its recommendations in pursuit of revenue target

Ramadurai Chandrasekaran 29 September 2017 at 15:40

This appears that the Govt. has chosen to ignore or not consider as relevant the recommendations of the Expert Committee formed by it.

FRRBs observation on Non-Compliance in relation to AS-18

Rajavardhan.A 17 January 2013 at 12:40

The non-compliance's found by Financial Reporting Review Board (FRRB) on review ofgeneral-purpose financial statements of certain enterprises is regularly published in the ICAI Journal. January 2013 edition of the journal has the compilation o

Highlights of Composition Scheme under GST

NITIN GOYAL 06 April 2017 at 11:25

Several significant milestones towards the smooth role out of GST have already been achieved by the government. Four Major bills relating to GST have already be..

GST on sale or leasing of land

CA S K MISHRA 07 January 2019 at 10:55

The taxable event in GST is �supply� of goods or services or both. So a transaction to become taxable it must covers within the meaning & scope

Procedure for Deemed Export under GST

CA. Heet Shah 24 March 2023 at 08:52

Deemed exports are an important provision under the GST law that aims to promote the export of goods and services from India. The procedure for deemed exports involves eligibility, tax invoice, certificate from the recipient, and refund/exemption of GST.

Challan 280: Auto Fill Income Tax Challan 280 in Excel for offline user

Pranab Banerjee 09 May 2023 at 08:58

Challan 280 is a form used to pay income tax; Payments can be made both online and offline. It is mainly used to pay advance tax, self-assessment tax, regular liquidation tax, surcharge, internal business distributed profit tax and participant distributed income tax.

Required to file ITR?

Pulkit Agrawal 03 November 2015 at 10:53

It is mandatory to file your Return of Income (ROI) and communicate your details of incomes earned to the Income Tax Department. The provisions relating to filing of ROI depends upon the status of taxpayer. The position in regard to this is described