Articles by Ashok Pitroda

What is rent deed and how to make it?

Ashok Pitroda 26 November 2022 at 08:42

The rent agreement is a legal document and is also known as a leave and license agreement between the landlord and tenant for a fixed period of time. It includes pre-discussed rules and regulations under which the tenant has temporary possession of the property.

What is HUF and how to make HUF deed?

Ashok Pitroda 24 November 2022 at 08:57

A Hindu Undivided Family is a family which consists of all persons lineally descended from a common ancestor and includes their wives and unmarried daughters.

What is the partnership deed and how to make it?

Ashok Pitroda 10 November 2022 at 08:56

A partnership is a business where an agreement between two or more people is made.

What is the agreement of a gift and how to make it?

Ashok Pitroda 09 September 2022 at 08:47

The article explains how to make a gift agreement in very simple terms.

Assessment under the Income Tax Act 1961

Ashok Pitroda 16 August 2022 at 15:00

The process of examining the return of income by the Income Tax department is called "Assessment".

Is gift deed need to be registered?

Ashok Pitroda 02 March 2022 at 09:00

A very common and frequent question running in the mind of taxpayers is the gift deed needs to be registered. In this part, you can gain knowledge about various provisions relating to the registration of gift deed.

Person liable for Obtaining GST registration

Ashok Pitroda 26 October 2021 at 09:35

Every supplier shall be liable to be registered under the GST Act in the State or UT, from where they make a supply of goods or services if their aggregate turnover in a FY exceeds the prescribed limits.

Documents required / checklist for GST registration

Ashok Pitroda 29 June 2021 at 09:36

The documents required to obtain GST registration depending on the types of business or constitution have been mentioned in this article.

Section 115BAC of The Income Tax Act, 1961 | New Tax Regime vs. Old Tax Regime

Ashok Pitroda 12 June 2021 at 09:28

The new tax regime is available for individuals and HUFs with lower tax rates and zero deductions and exemptions available under various provisions of the Income-tax Act, 1961.

Section 194Q vs Section 206C (1H) of The Income Tax Act, 1961

Ashok Pitroda 07 June 2021 at 09:20

Section 206C(1H)/194Q states that sellers/buyers must collect TCS/TDS for the sale of any goods of the value or aggregate of such value exceeding INR 50 lakhs in any PY from the buyer/seller.