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…
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TAX ON SALE OF PROPERTY RECEIVED AS GIFT
The taxability of gifts is a popular and frequently asked subject among taxpayers. In this article, you'll learn about the numerous rules relating to the ‘TAX ON SALE OF PROPERTY…
Income tax implications for NRI selling property in India
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
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…
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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…
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
Taxability of agricultural income in India
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
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
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
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…