CA Rakesh Goyal is a seasoned Chartered Accountant with over 40 years of experience in the field of taxation, auditing, and financial consulting.
Scenario Mr/s A. B. is an Individual having Income from Capital Gains on Equity / Equity Mutual Funds / Debt Mutual Funds as well as Interest / Dividend included under the head Income from Other Sources...
A Walkthrough video / Demo of the TDL is available at https://youtu.be/zrBEYlYDI9E — Learn how the Transaction Cards Module makes TDS compliance significantly easier for chartered accountants and finance teams...
Scenario M/s A. B. & Co is a Partnership Firm assessed to Income Tax for the last many assessment years. Case (1) The Partnership Firm is Dissolved. Case (2) The firm undergoes reconstitution...
A Walkthrough video / Demo of the TDL is available at https://www.youtube.com/watch?v=7WnfcbRgQ3k. Further, a walkthrough video / Demo of the TDL for Foreign Contribution is available in version 1.5...
Key Points About Form 10BD — Purpose: It serves as an annual statement of donations, containing details such as donor name, PAN, address, and the nature and amount of donation. Applicability: All trusts registered under sections 80G, 35AC...
Scenario: In many cases, there is a difference in Accounting Method – Mercantile (or Accrual) or Cash System followed by the Deductor and Assessee (Deductee). In such a Scenario, the Gross Receipts as shown in ITR...
Scenario M/s A. B. & Co is a Partnership Firm. Section 40(b)(v) of the Income Tax Act, 1961 deals with the (dis)-allowance of Remuneration to Working Partners of a Firm. The remuneration clause in the partnership deed must be carefully drafted...
Amongst the various unsettled controversies in Income Tax Laws of India, one is with respect to gifts / amounts received without consideration from Maternal Grand Parents (Nana, Nani). There appears to be significant ambiguity in the law...