Articles by CA Preksha Choraria
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194Q Vs. 206C(1H) of the Income Tax act, 1961
CA Preksha Choraria 05 February 2021 at 14:40The Finance Bill, 2021 has introduced section 194Q – TDS on purchase of goods which is having a resemblance to section 206C(1H)- TCS on Sale of Goods brought in by Finance Bill, 2020.
IND AS - 10 events after the reporting period
CA Preksha Choraria 17 June 2016 at 11:01Reporting of significant events, occurring post reporting date, are required to maintain transparency of financial statement
Receipt without consideration (Gift) from Non-Relatives - A tool for tax planning
CA Preksha Choraria 28 September 2015 at 10:44Any receipt without consideration or receipt with inadequate consideration from relatives (as defined under Income Tax Act) is not taxable. However, certain receipt without consideration or receipt with inadequate consideration even from non-relative
Gift (Receipt without Consideration) to Persons other than Individuals & Hindu Undivided Family
CA Preksha Choraria 12 September 2015 at 11:25*What is Gift?In Layman�s language, gift is transfer of goods or property (movable or immovable) from one person to another without consideration. As per Income Tax Act, Receipt without consideration or Receipt with inadequate consideration, by
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