How to revise income tax return
This is common in human to make mistakes likewise we may have made mistakes while filing an Income tax return. It is quite common question, how to revise the income…
All about TDS and TCS under GST
In this article we have discussed all about TDS and TCS under GST.The concept of Tax Deduction at Source (TDS) was there in the former VAT Laws. GST Law also…
K M GATECHA &CO LLP-CA in Ahmedabad,
Deductions Under 80C and Tax Planning
Section 80C is an income tax deduction that helps you to reduce the tax. Each financial year, we look for ways to save our taxes at the time of filing…
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Mandatory Filings of LLP
In this article, we have discussed about mandatory Filings of Limited Liability of Partnership. In India, for all purposes of taxation, An LLP is treated like any other partnership firm.…
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Tax on Freelancers income in India
In this article, we have discussed about tax on freelancers income in India .The scope of freelancer income tax India now extends to digital creators and consultants across all sectors.As…
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LOWER DEDUCTION CERTIFICATE OF TDS
As per the Income Tax Act of 1961, income tax must be deducted at source as per provision of the Income Tax Act, 1961.TDS stands for Tax Deducted at Source.…
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CAPITAL GAIN ACCOUNT SCHEME
Why Capital Gain Account Scheme? To encourage the reinvestment of capital gains/net consideration the Indian government introduced the capital gain account scheme in 1988. the Indian government provided tax relief…
K M GATECHA & CO LLP-CA in ahmedabad
GST on rental income from commercial property
1. Overview: GST on Commercial Property Rent in India : - GST on Rental Income from Commercial Property is a recurring compliance issue faced by property owners, investors, and tax…
K M GATECHA & CO LLP- CA firm in Ahmedabad,Gujarat,India
All about HUF in India
In this article we have discussed all about HUF in India.The business carried out by the members of a Hindu undivided family as joint Hindu family business. HUF is a…
5 Must know about charitable trust
5 Must know about charitable trust Section 11 and section 12 of Income Tax Act 1961 deal with taxation of charitable and religious trust. Today we have discussed few important…
Taxation of gifts under Income Tax Act 1961
Today we have explained taxation of gifts under Income Tax Act 1961 from relative. People are usually unaware of the taxation of the gifts which is most popular topic for…
Calculation of tax on agriculture income as per Income Tax Act 1961
We all know that under Income Tax Act 1961 agriculture income is exempt. Though if below two conditions are cumulatively satisfied then it is required to be included in computation…
Apply online for cancellation or surrender of extra/additional pan
Apply online for cancellation or surrender of extra/additional pan In this article we have provided method to apply online for cancellation or surrender of extra/additional pan.Any person may be alloted…
Internal audit as per Companies Act 2013
Below we have described requirement of the Internal audit as per Companies Act 2013. Extract of the rule 13 of Companies Act 2013 of section 138 is as follows: Internal…