February 28, 2022

These 5 cash transactions can get you an income tax notice!

From credit card bill payments to dealing in real estate, individuals engaging in these 5 cash transactions must be careful so as not to attract an income tax notice.

CA Chandan Agarwal's Office
February 27, 2022

Do I have to pay income tax on sale of an ancestral house?

Income Tax: Please note that the FMV value of the house cannot be lower than the stamp duty valuation or circle rate as is popularly known

CA Chandan Agarwal's Office
February 26, 2022

From April 1, GST e-invoice is mandatory for businesses with ₹20 crore turnover

More and more businesses now required to issue e-invoice

CA Chandan Agarwal's Office
February 25, 2022

Tax on Agriculture: GST applicable on seeds used in agriculture say two tax rulings

The law applicable to grain and seed will be different and therefore concessions applicable to grain produced by a cultivator will not be applicable to seed, said the rulings of February 11.

CA Chandan Agarwal's Office
February 24, 2022

Coaching institutes need to pay GST on composite supply basis, clarifies CBIC

GST rate for coaching services attract 18 per cent

CA Chandan Agarwal's Office
February 23, 2022

30% Tax on Crypto Income: Should small investors move their money to mutual funds and stocks? Experts speak

Cryptocurrency Tax: The recent proposal of the Government to impose flat 30% tax on income from crypto and other virtual digital has dampened moods of investors.

CA Chandan Agarwal's Office
February 22, 2022

Income Tax alert: Your last chance to complete ITR filing

If you have not verified ITR for AY 2020-21, the CBDT is giving you this last opportunity to finish your ITR compliance.

CA Chandan Agarwal's Office
February 21, 2022

ITR Alert: How to report cryptocurrency gains in income tax returns – Details here

Those who invest their money in cryptocurrencies must know how to report their gains when they file their income tax return.

CA Chandan Agarwal's Office
February 20, 2022

Income Tax Calculation FY 2022-23: Salaried employee? Here’s how every component of your CTC will be taxed

Salaried Employees CTC Income Tax Calculation: Take a look at tax rules for reimbursement, conveyance, variable pay, bonus, DA, Gratuity, HRA

CA Chandan Agarwal's Office
February 19, 2022

GST overhaul likely soon; 3 tax slabs, exemption cuts, rate hikes on the cards

The GST restructuring, which which will be rolled out in a phased manner, may cut down tax slabs to three from the current four slabs of 5%, 12%, 18%, and 28%. The textile sector may see a rate hike, which was due in January 2022.

CA Chandan Agarwal's Office