Articles by Poojitha Raam Vinay

Financial Resolutions for your New Year

Poojitha Raam Vinay 26 December 2022 at 10:21

It's the time of the year when we are all busy making resolutions for the new year. We have many resolutions but we miss out on our financial resolutions. Achieving them does not happen overnight and it is easy to lose track of them as the year goes by.

Statutory Due Date Calendar - December 2022

Poojitha Raam Vinay 30 November 2022 at 14:30

DUE DATE CALENDAR FOR THE MONTH OF DECEMBER 2022

Tips by All India Rank Holders to ace in CA Exams

Poojitha Raam Vinay 31 October 2022 at 12:49

Here are a few tips from the All India Rank Holders who have practiced this diligently and gained success.

Haven't received income tax refund yet? Here are ways to check status of refund

Poojitha Raam Vinay 23 September 2022 at 14:10

The processing of the return takes place only after e-verifying the Income Tax Return.

Financial Statements For Non-Corporate Entities

Poojitha Raam Vinay 16 September 2022 at 14:21

Financial Statements provide the information about financial position, performance, and cash flows of an enterprise this helps in various decisions for the users. The Financial Statements are like the Performance Card of the entities.

Amendments to Companies Rules 2014

Poojitha Raam Vinay 06 September 2022 at 08:39

Ministry of Corporate Affairs vide its notification dated 5th August 2022 has amended the Companies (Accounts) Rules, 2014 regarding availability of books of account and other relevant books and papers maintained in electronic mode at all times and also details of person in control, if service provider is located outside India.

ITR Verification Process

Poojitha Raam Vinay 22 August 2022 at 11:52

After the 31st July rush of filing the IT returns, the department of Income Tax has provided 120 days from filing of the return to e verify the return. The Central Board of Direct Taxes (CBDT) in the recent notification has cut down the time limit from 120 days to 30 days for ITRs filed on or after August 1st 2022.

Show Cause Notice Under GST Act

Poojitha Raam Vinay 12 August 2022 at 16:47

Show Cause Notice (SCN) is a warning or notification issued by a Courts, Competent Authorities or an Organization for an identified default demanding a tax payer to explain or to "show cause" in writing as to why the disciplinary/penal action should not be taken against the taxpayer for the identified defaults.

Buy an Electric Vehicle and Claim Exemption under Income Tax Act

Poojitha Raam Vinay 19 July 2022 at 08:44

A new section 80EEB was inserted from AY 2020-21 to claim an exemption on the interest portion of the loan taken to purchase an electric vehicle.

Errors in AIS on IT Portal? How to Handle it?

Poojitha Raam Vinay 12 July 2022 at 16:30

One of the important documents for verification while Tax filing is the Summary statement of AIS. The Annual Information Statement (AIS), launched last year, is a comprehensive statement containing details of 46 of the financial transactions like Income, Investment, Expenditure happened in a particular Financial Year.