Income Tax for Professionals
The dictionary meaning of profession is quite different from the meaning under Income Tax Act. As per the income tax only the following are considered as profession Legal : Lawyer… Read More »Income Tax for Professionals
CA Praveen M R
Faceless Assessment Scheme – Income Tax
This is the first of its kind assessment in the WORLD!! You heard it right India is now going to be the first country to unveil an assessment which is… Read More »Faceless Assessment Scheme – Income Tax
GSTR 2B: Input Tax Credit Statement
GSTR 2B will be available from July 2020 onwards. Its an auto generated statement based on the data available from GSTR 1 filed by suppliers, ICEGATE portal, Reverse Charge document… Read More »GSTR 2B: Input Tax Credit Statement
GST Registration with Aadhar Authentication
On 20th of August 2020 the CBIC has introduced Aadhar Authentication for GST Registration. Though this method is kept optional. However, we recommended to authenticate through Aadhar keeping in the… Read More »GST Registration with Aadhar Authentication
Long Term Capital Gains on Listed Equity Shares
[A] INTRODUCTION The finance act of 2018 brought about a change in the way Long Term Capital Gain [LTCG] on listed equity shares & Units of Equity Oriented Funds are… Read More »Long Term Capital Gains on Listed Equity Shares
Udyam Aadhar Registration
Udyam Aadhar has been formulated by the Government in place of existing Udyog Aadhar with the following major changes: Data about the Investment made in the business which earlier used… Read More »Udyam Aadhar Registration
Section 2(41) – Definition of Relative under Income Tax Act
Relative in relation to an individual means spouse, brother or sister or any lineal ascendant or descendant of that individual So following relations fall under the meaning of Relative for… Read More »Section 2(41) – Definition of Relative under Income Tax Act