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9th September, 2021

Taxation of Rewards earned by Olympic players

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, Sund...

26th August, 2021

44AD & 44ADA

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...

22nd July, 2021

Reverse Charge Mechanism (RCM)

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...