Income tax implications for NRI selling property in India

Post author:K M GATECHA CO LLP
Post published:18/05/2022
Post category:CA updates Capital gain tax in India Chartered Accountant updates GST(Goods and Services Tax)Income Tax Dedutions Income Tax Updates Partnership TDS TDS TDS Return
Post last modified:18/05/2022
Reading time:5 mins read

NRIs while selling their house properties in India must pay tax on the Capital Gains. The tax payable on the gains depends on whether it is a short-term or a…

Tax benefits on purchase of electric vehicle in India

Tax benefits on purchase of Electric Vehicle in India

Post author:K M GATECHA CO LLP
Post published:07/05/2022
Post category:CA updates Chartered Accountant updates GST refund GST(Goods and Services Tax)Income Tax Dedutions Income Tax Updates
Post last modified:07/05/2022
Reading time:5 mins read

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

Post author:K M GATECHA CO LLP
Post published:05/05/2022
Post category:CA updates Chartered Accountant updates Income Tax Updates
Post last modified:07/05/2022
Reading time:5 mins read

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…

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All about dissolution or closure of Partnership Firm

Post author:K M GATECHA CO LLP
Post published:29/04/2022
Post category:CA updates Chartered Accountant updates Income Tax Updates Partnership
Post last modified:30/04/2022
Reading time:8 mins read

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…

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All about defective ITR u/s 139(9)

Post author:K M GATECHA CO LLP
Post published:23/04/2022
Post category:CA updates Income Tax Dedutions Income Tax Updates
Post last modified:23/04/2022
Reading time:6 mins read

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

Post author:K M GATECHA CO LLP
Post published:19/04/2022
Post category:CA updates Chartered Accountant updates GST refund GST(Goods and Services Tax)
Post last modified:19/04/2022
Reading time:5 mins read

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…

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Taxability of agricultural income in India

Post author:K M GATECHA CO LLP
Post published:09/04/2022
Post category:CA updates Chartered Accountant updates GST(Goods and Services Tax)Income Tax Dedutions Income Tax Updates
Post last modified:09/04/2022
Reading time:6 mins read

Agriculture is the primary source of livelihood and source of income for about 58% of India’s population. As we all know that income which is received from agricultural activities know…

How to revise income tax return

Post author:K M GATECHA CO LLP
Post published:21/03/2022
Post category:CA updates Income Tax Dedutions Income Tax Updates TRACES
Post last modified:21/03/2022
Reading time:4 mins read

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…

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CAPITAL GAIN ACCOUNT SCHEME

Post author:K M GATECHA CO LLP
Post published:08/02/2022
Post category:CA updates Capital gain tax in India Chartered Accountant updates
Post last modified:07/07/2023
Reading time:5 mins read

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…

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GST on rental income from commercial property

Post author:K M GATECHA CO LLP
Post published:05/02/2022
Post category:CA updates Chartered Accountant updates Income Tax Dedutions Trust
Post last modified:12/02/2022
Reading time:4 mins read

GST on Rental income : - In this article we will discuss about GST on rental income from commercial property. Any person/ individuals receiving income from the residential property like shop/factory…

K M GATECHA & CO LLP- CA firm in Ahmedabad,Gujarat,India

All about HUF in India

Post author:K M GATECHA CO LLP
Post published:29/01/2022
Post category:CA updates Chartered Accountant updates Income Tax Dedutions Income Tax Updates PAN
Post last modified:05/02/2022
Reading time:6 mins read

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…

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How to claim exemptions from Long Term Capital Gains

Post author:milap
Post published:24/01/2022
Post category:CA updates Capital gain tax in India Chartered Accountant updates Income Tax Dedutions Income Tax Updates
Post last modified:07/11/2024
Reading time:5 mins read

How to claim exemptions from Long Term Capital Gains Long Term Capital Gains are defined as profits on sale of assets (movable or immovable) which have been held for: 3…

TDS on purchase of goods u/s 194Q

Post author:milap
Post published:17/01/2022
Post category:CA updates Chartered Accountant updates Income Tax Updates TDS TDS TDS Return
Post last modified:17/01/2022
Reading time:5 mins read

TDS on purchase of goods u/s 194Q

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 services