Publications

Supply under GST (Section 7)

Every kind of movable property
Other than – Money & Securities
but includes – Actionable claim,Growing crops, grass and things attached to or forming part of th....

Practical Aspects in Filing Return of Income of NRI's

In this presentation we are going to have a look at the practical aspects in filing Income Tax return of NRIs which would include –
-Documents required to determine residential status
-Documents required to file ITR....

Residential Status and Scope Of Total Income

It is important to ascertain an assessee’s residential status because the incidence of tax on any assessee depends upon his residential status under the Act.
The residential status of an assessee must be ascertained with reference to eac....

Changes in ITR forms notified for Assessment Year 2021-22

The Central Board of Direct Taxes (CBDT) has notifies all the Income-tax Return (ITR) Forms applicable for the Assessment Year 2020-21 vide Notification No. 21/2021, dated 31.03.2021....

Income Tax (AY 2021-22)

Tax Incentive : Individual & HUF
Under the proposed tax incentive scheme under Section 115BAC for individuals and HUFs, the following 7 tax slabs are prescribed:....

Input Tax Credit

Input Tax Credit (ITC) means credit of “Input Tax”
- input taxes are taxes paid on all business expenses incurred in relation to taxable output/ supply means any supply of goods or services or both used or intended to be used in the....

Budget 2021 Direct Tax Amendments

Incentives for affordable rental housing & Extension of outer time limits of section 80-IBA and 80EEA
At present, the benefit of Section 80-IBA of the Act provides only to assessee who drives income from developing and building affordable h....

Changes Under GST in Budget 2021-2022

In today’s session we are going to understand and discuss the changes/amendments made in budget 2021-22.On 01.02.2021, the Hon’ble Finance Minister Smt. Nirmala Sitharaman presented Finance Bill, 2021 and accordingly some....

what is Books Finalisation

Book Finalization means preparation of Books of Accounts. Books of accounts gives an idea about the profitability and financial position of a business to its management, owners, and other interested parties. All business transactions are first record....

GST Audit

Audit under GST is the process of examination of records, returns and other documents maintained by a taxable person. The purpose is to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit ava....

QRMP Scheme under GST

To ease the compliance burden on small taxpayers, the government had recently introduced a scheme called the Quarterly Return Filing Along With Monthly Payment of Taxes (QRMP) Scheme wherein the taxpayers can to file their FORM GSTR-1 and FORM GST....

Faceless Assessment Under Income Tax

The Section 143(3A)/(3B)/(3C) of Income Tax Act, 1961 vest power in Central Government to make a scheme by notification to assess to impart greater efficiency, transparency and accountability.

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Advance Pricing Agreement

Advance Pricing Agreement (ahead of time agreement) is an arrangement between the Taxpayer and the Tax Authority covering the future transaction, with a view to solve the potential transfer pricing disputes in a competitive manner.....

TCS on Sale of Goods - New Income Tax Compliance w.e.f. 01.10.2020

The Finance Act, 2020 has made an amendment by insertion of sub-section (1H) in section 206C of the Income Tax Act, 1961 which is effective from 01.10.2020.

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GST on NGO

Implementation of GST has seen as a great tax reform that will unify the entire nation, as far as taxation is concerned. This has been beneficial for various sectors, at the same time, implementation of GST will have social consequences on charities ....

Whether Hygiene Kit Can Be Classified as A Composite or A Mixed Supply?

As India fights coronavirus, there is an alarming need to contain its spread. In such a scenario, medicines and medical kits are our shields. Hence, it is quite imperative to know what rate do they attract under GST.....

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