K M GATECHA & CO LLP
All about taxation of expatriate employees in India
The Income Tax Act of 1961 does not define the term "Expatriate Tax." However, in general, an expatriate is someone who lives outside of his country of origin or in…
K M GATECHA & CO LLP-CA in Ahmedabad
New and old Income Tax Slabs FY 2021-22 (AY 2022-23)
Every year, the finance minister announces income tax slabs in India. There are currently two different Income Tax regimes. Tax breaks are no longer available under the new regime. Tax…
BENEFITS OF GST REGISTRATION
Benefits of GST Registration
GST will significantly boost the government's 'Make in India' initiative by making goods and services produced or provided in India competitive in national and international markets. Furthermore, all imported goods…
GST on housing society maintenance charges
GST on housing society maintenance charges
Buyers must now pay the Goods and Services Tax (GST) on maintenance fees as well as the GST on any property acquisition. In this article, we will discuss ‘GST on…
All about FSSAI annual return
All about FSSAI Annual Return
The Food Safety and Standards Act, 2006 was implemented by the Government of India in order to regulate and prevent the food industry. The Food Safety and Standard Act of…
Capital gain tax on sale of under-construction property in India
Capital gain tax on sale of under-construction property in India
It is true that owning a property in a construction project has more benefits than purchasing a ready-to-move-in property. In this article, you will learn about the numerous rules relating…
Form 10IE- New Tax Regime, Taxability, Time-Limit
Form 10IE- New Tax Regime, Taxability, Time-Limit
On February 1, 2020, Finance Minister Nirmala Sitharaman presented the Annual Budget 2020. The new tax regime was first implemented in the preceding budget. In this article, you will learn…
K M GATECHA & CO LLP-CA in ahmedabad
TAX ON SALE OF PROPERTY RECEIVED AS GIFT
Definitive Tax on Sale of Gifted Property in India: Latest Capital Gains Rules, Exemptions and ExamplesThe tax on sale of gifted property is one of the most misunderstood areas in…
Income tax implications for NRI selling property in India
Income Tax Implications for NRI Selling Property in India (Updated Easy Guide)Non-Resident Indians selling property in India face mandatory tax deduction, complex capital gains computation, surcharge exposure, and foreign remittance…
Tax benefits on purchase of electric vehicle in India
Tax benefits on purchase of Electric Vehicle in India
Introduction: Over the past decades, the growing concern over climate change, energy independence, and securities of energy supply have accelerated the path to the decarbonization of the transport sector. this…
Residential Status as per Income Tax Act, 1961
Residential Status as per Income Tax Act, 1961
Taxation of individuals in India is primarily based on their residential status in the relevant tax year. The taxability of an individual in India depends upon his residential status in…
K M GATECHA & CO LLP-CA in ahmedabad,CA near me,Income tax return services,GST services,Accounting services,Audit services,Bookeeping services,MCA services,MCA filing,TAX audit
All about dissolution or closure of Partnership Firm
Dissolution of a Partnership Firm: Dissolution of the partnership firm refers to the situation where all the relation between a firm and its partners comes to an end. It is…
K M GATECHA & CO LLP
All about defective ITR u/s 139(9)
Defective ITR U/S 139(9) A defective return u/s 139(9) reveals that a taxpayer has made any mistakes or found any incomplete or inconsistent information in ITR (Income Tax Return). If…
K M GATECHA & CO LLP-CA in ahmedabad,CA near me,Income tax return services,GST services,Accounting services,Audit services,Bookeeping services,MCA services,MCA filing,TAX audit
How to correct mistakes in GSTR 3B
Introduction Due to unawareness, many taxpayers commit mistakes in GSTR 3B and GSTR 1 while filing the GST Return. In this article, we will discuss “how to correct mistakes in…