Popular Articles

Who are liable to generate e-invoice w.e.f 1st Oct 2022

Bimal Jain 03 August 2022 at 17:07

The GST Council, in its 37th meeting held on 20.09.2019, has recommended introduction of electronic invoice ('e-invoice') in GST in a phased manner. E-invoicing was initially made applicable w.e.f 01.10.2020 for the registered person having aggregate turnover of Rs. 500 crore and above only.

FAQs on GSTR-4 Form (Annual Return)

CA.KIRANKUMAR R N 22 July 2020 at 10:02

orm GSTR-4 (Annual) is annual return which all Composition Taxpayers are required to file a return on annual basis after the end of the Financial Year which was rolled out from 01-04-2019.

Understanding IND AS 24: Related Party Disclosures

CA Sanat Pyne 14 April 2023 at 07:16

IND AS 24 is a standard issued by the Institute of Chartered Accountants of India (ICAI) that outlines the disclosure requirements for related party transactions in financial reporting.

Tax deduction allowed on LTA

CA. Amit Daga 01 April 2008 at 20:30

Leave travel assistance (LTA) is generally paid as a part of the remuneration of employees. With some proper planning, an employee can save some tax through this mode. The LTA amount is received from the employer towards a journey within India. LTA i

High-net-worth individuals turn to LLPs for tax optimisation

CA Aman Rajput 22 November 2023 at 09:05

In this article, I will discuss a Tax planning strategy for High net worth Individuals (HNI) to save their taxes

Due Date Compliance Calendar - December 2020

Aishna Kukreja 01 December 2020 at 14:25

It is important to plan your month so that you don’t miss any due dates. In this article, we discuss all the due dates under all the acts that lie in the month of December 2020.

Trust Taxation- Amendments

Venkat Raj 14 January 2021 at 10:33

In this article, we understand the Amendments in Trust Taxation bought in by the Finance Act 2020 and keeping in view, the aftermath of COVID-19 pandemic.

Attention: Restrictions on availment of ITC as per GSTR-2A from 1st January 2022

CA Umesh Sharma 27 December 2021 at 17:08

What is the new amendment that has been notified by the CBIC in respect of claim of ITC which will be applicable from 1st Jan 2022?

Taxation of Gifts received or specified assets purchased by a person

Vaishali Jain 08 June 2018 at 11:08

This article is all about the taxability of gifts received or specified assets purchased by any person. Situation prior to Finance Act-2017: Prior to Financ..

How should the e-TDS/TCS return be prepared?

Mita Basak 11 September 2020 at 09:31

e-TDS/TCS return has to be prepared in the data format issued by e-Filing Administrator. This is available on the Income Tax Department website and NSDL-TIN website