Income Tax
Section 115BAC of Income Tax Act
Last updated on September 13th, 2023 at 09:04 pmSection 115BAC of the Income Tax Act What are the tax rates under the alternate tax regime?| Tax Rates u/s 115BAC Total Income Rate of Tax Up […]
Articles by CA Mehul Gupta
GST
Parameters for scrutiny of returns under GST
Parameters for scrutiny of returns under GST (Instruction No. 2/2022-GST dated 22nd March 2022) The difference in tax liability on account of outward taxable supplies as declared in GSTR-3B and GSTR-1. The difference in tax […]
Income Tax
TDS 194Q vs. TCS 206C(1H)
Last updated on April 14th, 2022 at 08:08 amTDS 194Q vs. TCS 206C(1H) Difference between Section 194Q and Section 206C(1H) Since Sale and Purchase are 2 sides of the same coin and relates to a […]
GST
GST Interest Calculator
GST Interest Calculator Interest Calculator – A much-needed improvement It was becoming difficult to calculate interest on delayed payment of GST and most of the businesses have been delaying their payment of GST and not […]
GST
GST Clarifications on Debit Notes, Refunds and Physical copy of invoices
GST Clarifications on Debit Notes, Refunds, and Physical copy of invoices (Circular No. 160/16/2021-GST dated 20th September 2021) A claim of ITC in respect of debit notes The date of issuance of debit notes is […]
Income Tax
CBDT circular 16 dated 29th August 2021
Last updated on September 12th, 2023 at 08:41 pmRevised Due Dates under Income Tax What are the due dates for Trust registration/ Trust Re-Registration u/s 12A, 80G, 35, Sovereign Wealth Fund, Pension Fund, Form 15G/15H, […]
Income Tax
TDS on Purchase of Goods
Last updated on June 23rd, 2021 at 09:04 pmTDS on Purchase of Goods Introduction The Finance Act 2021, has widened the scope of the TDS Chapter in the Income Tax Act, 1961 by introducing a […]
Income Tax
Changes in Provident Fund – BUDGET 2021
Last updated on January 23rd, 2022 at 05:23 pmChanges in Provident Fund – BUDGET 2021 Employees Provident Fund – Background Provident Fund is a retirement benefits scheme. Under this scheme, an employee contributes a certain […]
GST
CGST Fourteenth Amendment Rules, 2020
Last updated on April 5th, 2021 at 10:50 pmCGST Fourteenth Amendment Rules, 2020 CGST Notification 94/2020 dated 22nd Dec 2020 – Applicable from 1st January 2021 Increase in Time Limit of Approval of Registration At […]
GST
Quarterly Return Monthly Payment Scheme
Last updated on April 5th, 2021 at 11:20 pmQuarterly Return Monthly Payment Scheme Background GST Council in its 42nd meeting held on 05.10.2020 recommended to allow taxpayers having turnover of up to Rs. 5 Crore […]