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Articles by CA. Bhavik P. Chudasama

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PMFME Loan: A Boon for Micro Food Processing Enterprises

  CA. Bhavik P. Chudasama    21 February 2024 at 09:41

MFME Loan: Empowering Micro Food Processing in IndiaThe PM Formalization of Micro Food Processing Enterprises (PMFME) Scheme is a government initiative in India..



Demystifying Section 80GGC: A Deep Dive with Vivaan & Aahil

  CA. Bhavik P. Chudasama    16 February 2024 at 12:02

The bustling cafe hummed with conversation as Vivaan and Aahil, two college buddies, debated over their tax returns. Aahil, ever the tax-savvy one, mentioned claiming a deduction under Section 80GGC, piquing Vivaan's curiosity.



Tax Time Made Easy: Mastering 43B(h) with a Friendly Q&A and Year-Specific Dates

  CA. Bhavik P. Chudasama    15 February 2024 at 16:53

Today, we're diving into the world of Indian Tax Law, specifically Section 43B(h) of the Income Tax Act, 1961.



12 Changes in ITR-6 Form for AY 2024-25

  CA. Bhavik P. Chudasama    09 February 2024 at 11:18

CBDT has notified Income-tax Return Form 6 for the Assessment Year 2024-25, vide Notification No. 16/2024, dated 24-01-2024.



Unveiling the 15K Crore GST Fraud: A Deep Dive into the ITC Scam

  CA. Bhavik P. Chudasama    11 December 2023 at 14:43

Before we dig deeper into how these unscrupulous people avail the wrongful benefit of the Input Tax Credit claim and cheat the government, we need to understand the Goods and Services Tax (GST) structure and how it works.



Process for Filing Application u/s 119(2)(b) of IT Act, 1961

  CA. Bhavik P. Chudasama    08 December 2023 at 14:07

Filing an application under Section 119(2)(b) of the Income Tax Act in India typically involves specific procedures.



Do's and Don'ts while Certifying any Documents by Young Chartered Accountants

  CA. Bhavik P. Chudasama    05 December 2023 at 11:44

Certifying certificates is a responsibility that Chartered Accountants (CAs) take seriously. Here are some general do's and don'ts to consider



Basic Understanding of GST on Jewellery Business

  CA. Bhavik P. Chudasama    04 December 2023 at 15:07

Here's an overview of GST rates and taxable value concerning the jewellery industry:



Most Commonly Used TDS Sections along with TDS Rates and Threshold Limit

  CA. Bhavik P. Chudasama    13 April 2023 at 16:37

Tax Deducted at Source (TDS) is a mechanism of collecting income tax at the source of income itself. TDS is applicable to various types of payments such as salary, interest, commission, rent, etc.



What is Pure Agent? What are Conditions to Act as Pure Agent?

  CA. Bhavik P. Chudasama    21 March 2023 at 12:33

In Industry still there are many confusions regarding what is Pure Agent and what are conditions to act as pure agent especially when there is a case of 'Reimbursement of Expenses'.