Taxation of Rewards earned by Olympic players

By: Mr. Mohit Shetty - 9th September, 2021


We 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.

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44AD & 44ADA

By: Sakina Bohra - 26th August, 2021


As 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.

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Reverse Charge Mechanism (RCM)

By: Vaidehi Nalwaya - 22nd July, 2021


RCM 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.

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Compliance Check for Section 206AB & 206CCA

By: Mr. Prasanna Ravikant Bhat - 15th July, 2021


Section 206AB and 206CCA are inserted in the Income-tax Act, 1961 (effective from 1st July 2021). These sections impose a higher TDS/TCS rate on the 'Specified Persons', as defined in the new sections.

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Pre-filling of returns in order to ease the filing of returns

By: Gauri Sham Deshpande - 14th May, 2021


While presenting the Union Budget, 2021 on 1st Feb., 2021, the Finance Minister announced for pre-filling of returns in order to ease the filing of returns. The Budget proposed that details of capital gains from listed securities, dividend income and interest from banks, post office etc.

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Recent Blogs

44AD & 44ADA

By: Sakina Bohra

26th August, 2021

Audit of Society

By: Priyanka Jain

24th February, 2021

E-WAY Bill

By: Diptika Jadhav

1st February, 2021


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