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General

FROM CA STUDENT TO STARTUP CFO- BUILDING YOUR ROADMAP

Introduction As a Chartered Accountant (CA) student, you possess a unique set of skills and knowledge that can be invaluable in the startup world. The...

Team Counselvise - September 23, 2024

Income Tax

Anatomy of a Tax Scrutiny: Real Cases, Real Lessons

In the labyrinth of Indian taxation, tax scrutiny stands as a defining moment for businesses and individuals alike. Through the lens of real-world cases,...

Team Counselvise - September 19, 2024

Latest Articles

Income Tax

Do you need to disallow expense as per Section 14A of Income Tax Act even if you have sufficient interest free funds?

Judgement of High Court of Gujarat in case of PCIT vs. Sintex Industries Ltd . Further SLP dismissed by SC. Facts of the case: In...

Sneha Kejriwal - April 9, 2020

Income Tax

RULE 8D of Income Tax Act: Method for determining amount of expenditure in relation to income not includible in total income

What is Rule 8D of Income Tax Act, 1961? Rule 8D of Income Tax Act reads as follow: Where the Assessing Officer, having regard...

Sneha Kejriwal - April 8, 2020

Company Law and IBC

“LLP Settlement Scheme 2020”- File all pending returns with reduced additional fees- One time benefit for LLPs

The Ministry of Corporate Affairs, Government of India has introduced the "LLP Settlement Scheme 2020" vide General Circular No. 06/2020 dated 04.03.2020 and modified...

CA Richa Agarwal - April 6, 2020

Companies Fresh Start Scheme, 2020- One time opportunity for Companies to clear defaults

The Ministry of Corporate Affairs has introduced Companies Fresh Start Scheme,2020 (‘CFSS Scheme’) vide circular no. 12/2020 dated March 30, 2020 under Section 460 of the...

CA Richa Agarwal - April 6, 2020

GST

Amendments to GST rules (23.03.2020)

Summary of Important Amendments to GST Rules as per the notifications issued on 23.03.2020:- GST Registration:- As per Notification No. 16/2020- dated 23.03.2020:- Authentication of Aadhaar number...

CA Harshi Modi - April 6, 2020

GST

What is Reverse Charge Mechanism in GST?

Normally, GST on goods and services is payable by the taxable person (i.e. person registered or liable to be registered under GST). However the Government have,...