Articles by CA Rahul Mittal

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Form 26AS - Key changes made in the form

  CA Rahul Mittal    20 July 2020 at 14:41

The new Form 26AS will give all the information of the Annual Information Return as well. It will benefit the honest taxpayers.



Taxability Of Gift Received By Individual Or HUF

  CA Rahul Mittal    20 July 2020 at 09:42

Gift received from relatives is exempt. Gift received on other occasions (e.g. gifts on birthday, etc.) from the non-specified person shall be taxable under the head income from other sources.



Tax Saving Investment Options & Deductions under Income Tax for Individual and HUF

  CA Rahul Mittal    11 July 2020 at 10:47

To claim a deduction in any year, it is necessary to invest in that year. Due to COVID Pandemic, Govt. has extended the date to 31.07.2020 for the financial year 2019-2020 to make an investment for deduction under chapter VI-A and section 54 to section 54GB.



Waiver of Late Fees of GSTR 3B: Recent Notifications

  CA Rahul Mittal    02 July 2020 at 10:32

CBIC has issued Notification No. 57/2020 on 30.06.2020 to prescribe maximum amount of penalty if GSTR3B is filed up to 30.09.2020. The said relief is for both class of taxpayers i.e. taxpayers having turnover up to Rs. 5 crores or more than 5 crores.



Five Major Finance Changes effective from 01.07.2020

  CA Rahul Mittal    02 July 2020 at 10:32

Know the five major changes in Finance that will be effective from the 1/07/2020



Various extensions in Income Tax Deadlines

  CA Rahul Mittal    25 June 2020 at 10:33

The time for filing of original as well as revised income-tax returns for the FY 2018-19 (AY 2019-20) has been extended to 31st July, 2020.



New rule for Cash withdrawal Effective From 1st July 2020

  CA Rahul Mittal    24 June 2020 at 15:22

New rule for Cash withdrawal Effective From 1st July 2020



RCM(Reverse Charge Mechanism) under GST

  CA Rahul Mittal    23 June 2020 at 17:07

Reverse Charge Mechanism was first introduced in Service Tax Law.Now, the Government has incorporated RCM in GST.



GST Returns to file before 30th June 2020

  CA Rahul Mittal    22 June 2020 at 09:53

Various due dates of returns and compliances in many laws has been extended. Here are the GST Returns to be filed before 30th June 2020.



Cancellation & Revocation of cancellation of registration under GST

  CA Rahul Mittal    19 June 2020 at 13:37

The proper office may cancel the registration on his motion or on an application filed (In Form GST REG 16) by the registered person or his legal heirs, in case of death of such person.