Popular Articles

Honourable Finance Minister, could you please be our Santa?

Shivanand Pandit 15 March 2012 at 15:04

Respected Sir,Congrats! Nation is gearing up for Budget!Its that time of the year when you are preparing next years budget for presentation in parliament. Hopefully this Budget is not just an annual exercise but an effort to

OPC vs. Sole Proprietorship

Suyash Tripathi 06 May 2021 at 09:38

One Person Company and Sole Proprietorship – Sounds one and the same thing, right? However, there are a ton of differences between them. Let us discuss the same.

Rationalisation of Income Tax Search and Seizure

CA.Mohit Gupta 23 February 2017 at 10:59

Rationalisation of Income Tax Search and Seizure provisions under The Income Tax Act'1961

Reliefs by RBI in Bank Branch Audit due to COVID-19

CA Pooja Dhoot 30 April 2020 at 10:22

Recent reliefs by RBI in Bank Branch Audit due to COVID-19. The Reserve Bank of India has brought 3 major circulars in form of COVID-19 regulatory package.

Submission of Income Tax Returns through IT return Preparers

Ritik Chopra 15 November 2021 at 13:15

It is quite evident that India has one of the lowest numbers of ITR filers considering the large population of the country. In order to overcome this problem and make tax filing easier for Indians from all walks of life, a new scheme to facilitate submission of Income Tax Return through Tax Return Preparers has been inserted w.e.f. June 1, 2006.

XBRL An effective tool

CS Pankaj Khanna 04 October 2011 at 15:41

XBRL- Providing A Big Leap In Financial World With the advent of XBRL the process can be expected to be smooth and will be beneficial in the long run. The management of the company,

GST Amnesty Scheme notified by government

CS Lalit Rajput 15 April 2023 at 09:52

The government has notified amnesty scheme for small businesses, non-filers of final returns, and taxpayers whose Goods and Services Tax (GST) registration has ..

Guidelines in filing the TRAN-1 application

V SRIKANTH 12 September 2022 at 14:03

The CBIC has issued a circular no. 180/12/2022-GST dated 9.9.22 laying down certain guidelines in filing the TRAN-1 application pursuant to the decision of the Supreme Court in the case of Union of India Vs. Filco Trade Centre private limited.

Indians-Most Intelligent but worst Systems

Md. Riazuddin 23 July 2008 at 17:48

It is rather strange to note that we (Indians) are regarded as the most intelligent people in the world. Our intelligence is being utlised to better the systems and procedures in developed nations. Whereas, at home the entire system is messed up. One

FAQ on filling-up of the IT return forms for AY 2019-20

Guest 09 August 2019 at 12:14

Circular No. 18 of 2019 F.No. 370142/1/2019-TPL (Pt-1) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Di..