Articles by CA Shubhi Khandelwal

Consequences of filing ITR(Income Tax Return) after the Due Date

CA Shubhi Khandelwal 29 July 2020 at 10:10

Non-Filing of the Income Tax Return may result in Penalty under Section 271F of Income Tax Act, 1961, Interest under Section 234A of Income Tax Act, 1961, Non-Carry Forward of Losses, Best judgment assessment, Claim of Refund of Taxes, Prosecution for Failure to Furnish Return of Income etc.

FAQs on eForm DIR-3 KYC

CA Shubhi Khandelwal 29 July 2020 at 10:10

Every Director who has been allotted DIN on or before the end of the financial year, and whose DIN status is 'Approved', would be mandatorily required to file form DIR-3 KYC before 30th September of the immediately next financial year.

Government dumps new system of GST Returns, to continue with the existing system

CA Shubhi Khandelwal 24 July 2020 at 17:15

Government dumps new system of GST Returns, to continue with the existing Return System

Difference between Trust, Society & Section 8 Company

CA Shubhi Khandelwal 16 July 2020 at 15:27

there are some cities in India that have the potential of turning your gold investments into a bigger project you will definitely want to delve into.

All about GSTR-9 & GSTR-9C Filing

CA Shubhi Khandelwal 13 July 2020 at 09:34

Form GSTR-9 should be filed yearly by registered taxpayers. It is a consolidation of all the monthly/quarterly returns (GSTR-1, GSTR-2A, GSTR-3B) filed in that year.

Which ITR to file? Know the Correct Income Tax Form

CA Shubhi Khandelwal 10 July 2020 at 16:13

Depending on the type of income, the category the taxpayer falls under (Individual, HUF, Company etc.), and the income that the taxpayer makes, there are different types of Income Tax Returns (ITR) Forms which needs to be filed.

Various Due Dates of GST Returns due to Covid-19

CA Shubhi Khandelwal 09 July 2020 at 09:31

Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended due dates for GST Return filings and provided relief to tax payers