As intimated by the Hon. Finance Minister of India in her Union Budget, the CBDT has launched the AIS portal on 1st November, 2021 which gives a comprehensive and detailed statement containing details of many of the financial transactions undertaken by an assessee in the financial year (FY). It is an "All-in-one statement".
Read MoreIf a lease agreement meets one or more of the indicators given below, the lease agreement should be accounted for as a finance lease
Read MoreWe are all aware of India's success at the 2020 Tokyo Olympic Games and the 2021 Tokyo Paralympic Games. Whether it was Neeraj Chopra's gold, Mirabai Chanu's silver, Sundar Singh's bronze, or even our women's hockey team's almost missed a medal, they have all made the country proud. In fact, their victories have fueled the desire of the younger generation to follow in their footsteps.
Read MoreAs per the Income-tax Act, a person engaged in business or profession is required to maintain regular books of account and further, he has to get his accounts audited. To give relief to small taxpayers from this tedious work, the Income-tax Act has framed the presumptive taxation scheme under sections 44AD and 44ADA.
Read MoreRCM or Reverse Charge Mechanism is a concept under which the receiver of the goods or any service is entitled to pay the tax instead of the supplier of goods and services.
Read More28th March, 2023
By: Mr. Prasanna Ravikant Bhat
7th February, 2023
Certificate in Form 10BE for Claiming Deduction u/s 80G
By: Mr. Prasanna Ravikant Bhat
27th May, 2022
Profession tax enrollment and registration - Applicability in Maharashtra State
By: Mr. Prasanna Ravikant Bhat
19th March, 2021
Foreign Contribution (Regulation) Amendment Act, 2020 ("FCRA 2020")
16th December, 2020
Using file systems to enhance performance of Income Tax Business Application (ITBA)
17th December, 2019
Income Tax Compounding Fees - 276CC Offences - Nonfiling of returns
13th November, 2019
Disclaimer
The Blogs published in this website are for educational purposes only. It is meant to give you a general information and a general understanding of the topics discussed therein and not to provide you or any person any professional advice thereof. By using this website you understand that there is no professional relationship between you and Mundle Venkatraman and Associates (MVA) or with any of its partners, associates or employees. Any information available on this website should not be used as a substitute for competent professional advice.